Digital River Announces Completion of Common Stock Placement

MINNEAPOLIS, March 22, 2006 -- Digital River, Inc. (NASDAQ: DRIV), a global leader in e-commerce outsourcing, announced today that it had completed the placement of 4.0 million shares of its common stock. The offering was made pursuant to a shelf registration statement previously filed with the Securities and Exchange Commission that became effective on April 19, 2005, and is expected to close on March 28, 2006, subject to customary closing conditions. Net proceeds to the Company after deducting fees and expenses will be approximately $170.0 million. The funds are expected to be used primarily for acquisitions and other corporate development efforts. The transaction was underwritten by Credit Suisse Securities (USA) LLC.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the Company's anticipated future growth and future financial performance as well as statements containing the words "anticipates" or "expects," and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: the Company's limited operating history and variability of operating results; competition in the e-commerce market; challenges associated with international expansion, and other risk factors referenced in the Company's public filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2005.