Aristeia Issues Presentation Correcting Sina's Misleading Claims

– Urges Shareholders Not to Be Fooled by Sina's Attempts to Distract Them From the Real Issues Hindering the Company –

– Believes Sina's Recent Presentation Ignores Corporate Governance Failings and Strategic Missteps That Have Significantly Compromised Shareholder Value –

– Vote on the BLUE Proxy Card Today for Independent and Highly-Qualified Nominees, Thomas Manning and Brett Krause –

Aristeia Capital, L.L.C. (collectively with Aristeia Master, L.P. and certain other affiliates, "Aristeia" or "we" or "us"), a long-term investor in Sina Corporation SINA ("Sina" or the "Company") and currently one of the Company's five largest shareholders, owning approximately 3 million shares, today issued a presentation responding to the misleading and inaccurate claims recently made by Sina in its shareholder communications and its investor presentation released on October 12, 2017. Aristeia's complete presentation is available at www.SinaShareholdersAction.com.

"In its shareholder communications and its most recent investor presentation, we believe Sina makes a number of statements that are inaccurate and that attempt to distract investors from the true issues at hand: how to address the growing valuation gap between Sina's share price and its true net asset value, the poor corporate governance policies overseen by an over-tenured and insular board and the need for fresh perspectives and voices in the boardroom to help Sina chart its path forward," said Robert H. Lynch, Jr., Partner, Aristeia Capital, L.L.C.

"As fellow shareholders, we believe that the best way to protect your investment in Sina is to vote to add two independent and highly-qualified nominees – Thomas Manning and Brett Krause – to the Board. Not only do they have a deep understanding of the sectors in which Sina operates, but they also possess the necessary knowledge of the Chinese economy and regulatory environment, as well as the governance expertise, to work constructively with Sina's current Board and drive long-term value creation for shareholders."

Please visit www.SinaShareholdersAction.com for additional information.

We strongly urge Sina's shareholders to vote FOR both of our independent and highly-qualified nominees on the BLUE proxy card and to return it in the postage-paid envelope provided.

Due to the Company's requirement that proxies must be received by it no later than forty-eight (48) hours prior to the Annual Meeting, it is very important that you return your BLUE proxy card to us as soon as possible to ensure that your vote gets counted. If you have already returned a white proxy card to the Company, you can revoke that card by submitting a later-dated BLUE proxy card.

If you have any questions, or require assistance with your vote, please contact Okapi Partners LLC at the number listed below.

PLEASE SIGN, DATE, AND MAIL THE BLUE PROXY CARD TODAY!

About Aristeia

Aristeia Capital, L.L.C. ("Aristeia") is a global investment manager with a twenty-year track record of executing fundamentally based strategies across the capital structure. Founded in 1997, Aristeia aims to achieve superior, risk-adjusted returns for an investor base that includes pension plans, endowments, foundations, other institutions and private clients. The firm's approximately 50 employees are split between its Greenwich, Connecticut headquarters and a New York City office.

Disclaimer

Any views expressed herein represent the opinion of Aristeia, whose analysis is based solely on publicly available information. No representation or warranty is made as to the accuracy or completeness of any information contained therein and Aristeia disclaims all liability based on such information. The information contained herein does not recommend the purchase or sale of any security nor is it an offer to sell or a solicitation of an offer to buy any security. Furthermore, the information contained herein is not intended to be, nor should it be construed or used as, investment, tax or legal advice. Past performance is not indicative of future results. Aristeia has neither sought nor obtained the consent from any third party to use any statements or information contained herein that have been obtained or derived from statements made or published by such third parties. Any such statements or information should not be viewed as indicating the support of such third parties for the views expressed herein.

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