PALO ALTO, Calif., Dec. 30 /PRNewswire-FirstCall/ -- Liberate Technologies (OTC:LBTE.PK) announced today that its board of directors has declared a one-time special dividend of $.15 per share payable to stockholders of record January 9, 2006. The payment date for this dividend has been set for January 16, 2006, and as required by the NASD rules governing special dividends of this magnitude, the ex-dividend date will be set one business day after the payment date, or January 17, 2006. (Logo: http://www.newscom.com/cgibin/prnh/19990630/LIBERATE ) Liberate presently believes the special dividend will not be taxed as a "dividend" for U.S. federal income tax purposes, but rather will either be considered a return of capital or capital gain depending on the stockholder's investment circumstances. However a final determination of the tax treatment will not be made until after the end of the Company's tax year, May 31, 2006. Contact: Greg Wood Chief Financial Officer Liberate Technologies, 650-330-8960 http://www.newscom.com/cgi-bin/prnh/19990630/LIBERATE http://photoarchive.ap.org/ DATASOURCE: Liberate Technologies CONTACT: Greg Wood, Chief Financial Officer of Liberate Technologies, +1-650-330-8960, or Web site: http://www.liberate.com/

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