Summary of INTERPUBLIC GROUP OF COMPANIES, INC.

Item 1.01. Entry into a Material Definitive Agreement

On May 13, 2009, The Interpublic Group of Companies, Inc. ("IPG") entered into Amendment No. 1 (the "Amendment") to the 3-Year Credit Agreement dated as of July 18, 2008 (the "Credit Agreement") among IPG, Citibank, N.A. as administrative agent, and the banks, financial institutions and other institutional lenders parties thereto as lenders. A copy of the Amendment is attached hereto as Exhibit 10.1 and is hereby incorporated into this report by reference to this exhibit. The summary below is qualified in its entirety by reference to the full terms of the Amendment.

The Amendment is intended to preserve the Company's ability to use the Credit Agreement in the event of any bankruptcy or related event with respect to General Motors Corporation ("GM") or any of its affiliates. It modifies the definition of EBITDA under the Credit Agreement in order to exclude from the determination of consolidated EBITDA for all purposes under the Credit Agreement (including certain financial and other covenants) any effects on IPG's consolidated EBITDA arising from any bankruptcy or other adverse event with respect to GM and/or any of its affiliates, provided that the new exclusion effected by the amendment is limited to an aggregate of $150,000,000 of cash charges and an aggregate amount of $100,000,000 of non-cash charges.

The Company has entered into the Amendment solely as a matter of sound financial management. While the Company maintains commited credit facilities to increase its financial flexibility, it has not drawn on any of its corporate credit facilities since 2003, although it uses them to obtain letters of credit to support commitments on behalf of certain clients. The Company has no nonpublic information concerning any GM-related bankruptcy proceeding or related event and continues to operate to the full extent of its business relationship with GM.