MINNEAPOLIS - Net Perceptions, Inc. (Nasdaq: NETP) today announced that its special meeting of stockholders convened at the Company's headquarters this morning has been adjourned, as there were not enough shares present at the meeting to constitute a quorum for the transaction of business. The adjourned special meeting will be reconvened at 10:00 a.m. Central Standard Time on Tuesday, March 23, 2004 at the Company's headquarters located at 7700 France Avenue South, Edina, Minnesota. The original record date of January 13, 2004 will apply to the reconvened meeting.

Tom Donnelly, the Company's President and Chief Financial Officer, stated "I strongly urge stockholders to return their proxy cards immediately with a vote in favor of the board-recommended plan of liquidation. We want stockholders to know that every vote counts. Because approval of the plan of liquidation requires the affirmative vote of a majority of the outstanding shares of our common stock, stockholders who do not return their proxy card or do not come to the special meeting to vote in person are effectively voting against the plan of liquidation. In the interest of resolving the Company's future in the near term, we sincerely hope that all stockholders will promptly cast their vote in favor of the plan of liquidation."

The Company also said that stockholders who need additional copies of the Company's definitive proxy statement and proxy card previously sent to stockholders and filed with the Securities and Exchange Commission should contact the Company's President at (952) 842-5400.

CONTACT: Tom Donnelly
President and Chief Financial Officer
Net Perceptions, Inc.
952-842-5400
tdonnelly@netperceptions.com