[Phoenix New Media to Hold 2014 Annual General Meeting on June 4, 2014 BEIJING, China, April 24, 2014 — Phoenix New Media Limited (NYSE: FENG), a leading new media company in China (“Phoenix New Media”, “ifeng” or the “Company”), today announced that it will hold its annual general meeting of shareholders at No. 2-6, Dai King Street, Taipo Industrial Estate,] [PHOENIX NEW MEDIA LIMTED (Incorporated in the Cayman Islands with limited liability) NOTICE OF ANNUAL GENERAL MEETING to Be Held on June 4, 2014 NOTICE IS HEREBY GIVEN AGM Company that an Annual General Meeting (“ 1. Proposal No. 1: To receive the audited consolidated financial statements of the Company for the fiscal year ended December 31, 2013. 2. Independent] [Phoenix New Media Limited (the “Company”) P R O X Y I/We of , the holder of class ordinary shares 1 in the Company , hereby appoint the Chairman of the Annual General M eeting 2 or of .as my/our proxy to vote on my/our behalf in respect of all matters and resolutions to be submitted for consideration and approval] [Phoenix New Media Limited Sinolight Plaza, Floor 16 No.4 Qiyang Road Wangjing, Chaoyang District Beijing, 100102 People’s Republic of China PROXY STATEMENT General Company AGM The board of directors of Phoenix New Media Limited (the “ No. 2-6, Dai King Street, Taipo Industrial Estate, Taipo, New Territories, Hong Kong. This Proxy Statement can be accessed, free of charge, on the] [Deutsche Bank Trust Company Americas DEPOSITARY RECEIPTS Depositary Notice of Annual General Meeting of Shareholders of Phoenix New Media Limited Issue: Phoenix New Media Limited / CUSIP: 71910C103 Country: Cayman Islands Meeting Details: Annual General Meeting of Shareholders on June 4, 2014, at 3:00 p.m. at No. 2-6 Dai King Street, Taipo Industrial Estate, Taipo, New Territories, Hong Kong Meeting] [ANNUAL GENERAL MEETING OF SHAREHOLDERS OF PHOENIX NEW MEDIA LIMITED June 4, 2014 Please sign, date and mail your proxy card in the envelope provided as soon as possible. Please detach along perforated line and mail in the envelope provided. ISSUES PRESENTED FOR CONSIDERATION BY THE ANNUAL GENERAL MEETING ON JUNE 4, 2014: PLEASE SIGN, DATE AND RETURN PROMPTLY IN] [001-35158 PHOENIX NEW MEDIA LIMITED Sinolight Plaza, Floor 16 No. 4 Qiyang Road Wangjing, Chaoyang District, Beijing, 100102 People’s Republic of China Form 20-F x Form 40-F o o o Yes o No x TABLE OF CONTENTS 2]

[Phoenix New Media Reports Fourth Quarter and Fiscal Year 2013 Unaudited Financial Results 4Q13 Total Revenues Up 32.4% YOY 4Q13 Net Advertising Revenues Up 36.7% YOY 4Q13 Net Income Attributable to PNM Up 197.4% YOY 4Q13 Adjusted Net Income Attributable to PNM Up 257.0% YOY FY2013 Net Income Attributable to PNM was RMB279.6 million Live Conference Call to be Held] [001-35158 PHOENIX NEW MEDIA LIMITED Sinolight Plaza, Floor 16 No. 4 Qiyang Road Wangjing, Chaoyang District, Beijing, 100102 People’s Republic of China Form 20-F x Form 40-F o o o Yes o No x TABLE OF CONTENTS 2 PHOENIX NEW MEDIA LIMITED]

[Phoenix New Media Announces Its CEO, Mr. Shuang Liu, Accepting New Position as the COO of Phoenix Satellite Television BEIJING, China, February 1 7 , 2014 — Phoenix New Media Limited (“Phoenix New Media”, “ifeng” or the “Company”) (NYSE: FENG), a leading new media company in China, today announced Mr. Shuang Liu, the Chief Executive Officer (“CEO”) of the Company,] [001-35158 PHOENIX NEW MEDIA LIMITED Sinolight Plaza, Floor 16 No. 4 Qiyang Road Wangjing, Chaoyang District, Beijing, 100102 People’s Republic of China Form 20-F x Form 40-F o o o Yes o No x TABLE OF CONTENTS 2 PHOENIX NEW MEDIA LIMITED]