Summary of INTERPUBLIC GROUP OF COMPANIES, INC.

Item 2.04. Triggering Events that Accelerate or Increase a Direct Financial Obligation.

On August 14, 2009, pursuant to Article 11 of the indenture dated as of November 12, 2004 (the "Base Indenture") and Section 2.02 of the first supplemental indenture dated as of November 18, 2004 (the "Supplemental Indenture", and, together with the Base Indenture, the "Indenture") between The Interpublic Group of Companies, Inc. (the "Company") and SunTrust Bank (to the interests of which as indenture trustee U.S. Bank National Association has succeeded) (the "Trustee"), and the 5.40% Notes due 2009 (the "Notes"), the Company issued a redemption notice announcing that it will redeem all of the outstanding Notes. The Notes are scheduled to mature on November 15, 2009, and an aggregate principal amount of $36,033,000 are outstanding. The redemption date is September 14, 2009. The redemption price will be equal to the greater of (i) 100% of the principal amount of the Notes, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes (not including any portion of such payments of interest accrued as of the redemption date) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the adjusted treasury rate (as defined in the Notes), plus twenty-five basis points, as calculated by an independent investment banker (as defined in the Notes) plus, in either case, accrued and unpaid interest to the redemption date. The adjusted treasury rate will be calculated on the third business day preceding the redemption date.

The notice announcing redemption of the Notes is attached hereto as Exhibit 99.1.