Sonic Foundry Inc. Announces Stock Split

Sonic Foundry, Inc. (Nasdaq: SOFO), the leading developer and marketer of digital media and Internet software tools, services, and systems, announced today at its annual meeting of shareholders that its Board of Directors has approved a 2 for 1 stock split on shares of its common stock. The shares will be distributed on April 28, 2000, to shareholders of record as of April 7, 2000. Following the completion of the scheduled distribution, there will be a total of approximately 21,635,300 shares of Sonic Foundry, Inc. common stock outstanding on a fully diluted basis.

Rimas Buinevicius, chairman and chief executive officer of Sonic Foundry, Inc., commented, "The split reflects the Board of Directors' confidence in the future prospects of our Company. We believe that the increased share float provided by the split will improve the liquidity of our stock and increase the appeal of our stock to a broader base of investors."