Capital One Saving Zone "Deals of the Week" Cut Prices on Selected Items by up to 40 percent

MCLEAN, Va.--(BUSINESS WIRE)--July 26, 2007--Capital One Financial Corp. (NYSE:COF) and Yahoo! Shopping today announced a partnership creating the Capital One Saving Zone, a portal on Yahoo! Shopping that offers exclusive deals on select merchandise to Capital One cardholders. At the Saving Zone, Capital One cardholders can receive up to a 40 percent savings on already discounted items, as well as an additional 10 percent off everything they purchase on the site using their Capital One credit card.

Each week the Capital One Saving Zone will feature 10 new "deals of the week," offering discounts on designer items for men and women that can be found on Yahoo! Shopping, including clothing, accessories, home goods, sporting equipment and more. These deals will only be available to Capital One cardholders. Yahoo! Shopping users who do not have a Capital One credit card and are interested in purchasing items at the discounted rate will be able to sign up for the credit card at the Saving Zone.

"Yahoo! Shopping is a destination where consumers can find the best deals on whatever products they might be searching for, any time of day or night," said Jasper Malcolmson, general manager, Yahoo! Shopping. "We are excited to work with a leading financial services company like Capital One to extend our users an even deeper discount on some of our most popular items when they visit the Saving Zone."

"The Capital One Saving Zone is a good example of delivering on our no hassle promise - our customers save instantly and easily on the Yahoo! Shopping site by making purchases with their Capital One card," said Renee Soulliard, vice president, US Card, Capital One. "This is the perfect combination of convenience and value and we are proud to partner with Yahoo!, a recognized leader in online shopping, to make the Savings Zone and its special features available to our customers."

To experience savings on amazing designer items visit the Capital One Saving Zone at Yahoo! Shopping (http://shopping.yahoo.com/savingzone/).

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a financial holding company, with 725 locations in New York, New Jersey, Connecticut, Texas and Louisiana. Its principal subsidiaries, Capital One Bank, Capital One Auto Finance, Inc., Capital One, N.A., and North Fork Bank offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One's subsidiaries collectively had $85.7 billion in deposits and $144.2 billion in managed loans outstanding as of June 30, 2007. Capital One, a Fortune 500 company, trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

About Yahoo! Shopping

Yahoo! Shopping, a leading search and comparison shopping destination on the Web, boasts a variety of discovery and research tools and community features designed to empower consumers with the information they need to make an informed purchase. Features such as Shoposphere, where users share their favorite products through personal Pick Lists; expert buying guides; the Sales & Bargain Center, which offers deals for free shipping, rebates and coupons; the Yahoo! Shopping blog; side-by-side product comparisons; and unbiased expert product reviews provide consumers with the depth and breadth of information required to have an enjoyable shopping experience.

About Yahoo! Inc.

Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo!'s mission is to connect people to their passions, their communities and the world's knowledge. Yahoo! is headquartered in Sunnyvale, California.

Yahoo! and the Yahoo! logo are trademarks and/or registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.

CONTACT: Capital One Financial Corp.
Pam Girardo, 703-720-2351
pam.girardo@capitalone.com
or
Jason Khoury, 408-349-3435
jkhoury@yahoo-inc.com
SOURCE: Capital One Financial Corp.