[Phoenix New Media Announces Short-Term Extension of Cooperation Agreements with Phoenix TV BEIJING, China, Considering the significant growth and changes in the Company’s business since execution of the Existing Cooperation Agreements in 2009, both the Company and Phoenix TV expect longer period to finalize the terms due to various internal procedures and compliance requirements. As such, the Company and Phoenix] [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 Reports Fourth Quarter and Fiscal Year 201 5 Unaudited Financial Results 4 Q1 5 Mobile Advertising Revenues Up 118 % YOY Live Conference Call to be Held at 8 :00 P M U.S. Eastern Time on March 8 BEIJING, China, “ Mr. Ya Li, president of Phoenix New Media, stated, “Though 2015 was a tough year for] [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 Loans to Yidian BEIJING, January 2 8 , 2016 - Phoenix New Media Limited (“Phoenix New Media”, “ifeng” or the “Company”) (NYSE: FENG), a leading new media company in China, today announced that its board of directors has authorized the Company to grant unsecured term loans (the “Loans”) to Particle Inc. (“Particle”) on or before May] [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 Framework Agreement with Lilita About Phoenix New Media Limited Phoenix New Media Limited (NYSE: FENG) is the leading new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China. Having originated from a leading global Chinese language TV network based in Hong Kong, Phoenix TV, the Company enables consumers] [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]