[Issuer Free Writing Prospectus Registration No. 333-158061 March 30, 2009 CHANGYOU.COM LIMITED www.sec.gov http://idea.sec.gov/Archives/edgar/data/1458696/000119312509067584/df1a.htm Changyou.com Limited, or Changyou, has filed a registration statement on Form F-1, including a preliminary prospectus, or Preliminary Prospectus, with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the registration statement, including the Preliminary Prospectus, and]

[Issuer Free Writing Prospectus Registration No.333-158061 March30, 2009 CHANGYOU.COM LIMITED www.sec.gov http://idea.sec.gov/Archives/edgar/data/1458696/000119312509067584/df1a.htm Changyou.com Limited, or Changyou, has filed a registration statement on Form F-1,luding a preliminary prospectus, or Preliminary Prospectus, with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the registration statement,luding the Preliminary Prospectus,]

[Offering Participant Free Writing Prospectus Registration No. 333- March 17, 2009 www.sec.gov http://idea.sec.gov/Archives/edgar/data/1458696/000119312509056688/df1.htm Changyou.com Limited (or “Changyou”), a subsidiary of Sohu.com Inc., has filed a registration statement on Form F-1, including a preliminary prospectus (the “Preliminary Prospectus”), with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the registration statement, including]

[Offering Participant Free Writing Prospectus Registration No.333- March 17, 2009 www.sec.gov http://idea.sec.gov/Archives/edgar/data/1458696/000119312509056688/df1.htm Changyou.com Limited (or Changyou), a subsidiary of Sohu.com has filed a registration statement on Form F-1,luding a preliminary prospectus (the Preliminary Prospectus), with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the registration]