Benefitfocus Prices 2M Share Offering @$36.75/Share

Benefitfocus, Inc.

today announced the pricing of its secondary offering of 2,000,000 shares of its common stock at a price of $36.75 per share. All of the shares are being sold by certain funds affiliated with Goldman Sachs that have been stockholders of the Company since 2007. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to 300,000 additional shares of common stock at the same price. Benefitfocus will not receive any proceeds from the sale of the shares. Goldman, Sachs & Co., Deutsche Bank Securities Inc. and Jefferies LLC are acting as the book-running managers for the offering. Canaccord Genuity Inc., Piper Jaffray & Co. and Raymond James & Associates, Inc. are acting as co-managers. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the 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