Qihoo 360 Secures Exclusive Rights in China for Initial Launch of PC Version of Rovio's Angry Birds Space

BEIJING, March 9, 2012 /PRNewswire-Asia/ -- Qihoo 360 Technology Co. Ltd. ("Qihoo 360" or the "Company") (NYSE: QIHU), a leading Internet company in China as measured by active user base, today announced that it has secured exclusive rights in China for the initial launch of the PC Version of Rovio's "Angry Birds Space" on its 360 Desktop. The game is expected to become available for download on March 22, 2012. A mobile version of the game is expected to be available on Qihoo 360's mobile platform shortly thereafter.

Chinese Internet users will be able to download the game for free with one easy click on their desktop and mobile platforms. Qihoo 360's 400 million users will also be able to customize their 360 Desktop, 360 Browsers, 360 Personal Startup Page, and 360 Safeguard with Angry Birds screen savers, skin packs and videos.

Angry Birds Space will be the largest sequel to follow the successful 2009 launch of wildly popular Angry Birds. With 60 puzzling levels, new Angry Birds characters, new superpowers, and new gameplay, users will be able to have fun with physics in a variable gravity environment. More levels will be available both as free regular updates as well as in-app purchases.

360 Desktop is the largest app-based open platform on the PC in China with over 180,000 third-party applications and more than 50 million active users as of December 31, 2011. Rovio, the developer of the Angry Birds franchise, granted Qihoo 360 the exclusive right for the initial launch of Angry Birds Space China in order to leverage the Company's massive user base.

For the joint NASA-Rovio announcement from the international space station, please visit: http://space.angrybirds.com/announcement/

To Download 360 Desktop, please visit: http://zhuomian.360.cn/index.html

About Qihoo 360

Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) is a leading Internet company in China as measured by its active user base. The Company is also the number one provider of Internet and mobile security solutions in China as measured by its active smartphone user base, according to iResearch. Qihoo 360 also provides users with secure access points to the Internet via its market leading web browsers and application stores. The Company has built one of the largest open Internet platforms in China. Qihoo 360 monetizes its massive user base primarily through online advertising and through Internet value-added services on its open platforms.

Safe Harbor

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward- looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Qihoo 360 and the industry. Potential risks and uncertainties include, but are not limited to: the Company's ability to continue to innovate and provide attractive products and services to attract and retain users; the Company's ability to keep up with rapid changes in technologies and Internet-enabled devices; the Company's ability to leverage its user base to attract customers for our revenue-generating services; and the Company's dependence on online advertising for a substantial portion of our revenues; and the Company's ability to compete effectively. All information provided in this press release is as of the date of the press release, and Qihoo 360 undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Qihoo 360 believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by Qihoo 360 is included in Qihoo 360's filings with the U.S. Securities and Exchange Commission, including its final prospectus dated March 29, 2011.