September 20, 1996 Mr. Robert Casey, Jr. Managing Director Union Bank of Switzerland 299 Park Avenue New York, NY 10171-0026 RE: CREDIT AGREEMENT BETWEEN THE INTERPUBLIC GROUP OF COMPANIES, INC. AND UNION BANK OF SWITZERLAND, NY BRANCH Dear Robert: We are writing to you in connection with the Credit Agreement between The Interpublic Group of Companies, Inc. and Union Bank of Switzerland dated September 30, 1992 and effective as of December 29, 1992 (the "Agreement"). Section 2.13 of the Agreement provides that the Borrower may request extension of the Commitment under the Agreement for an additional period of one year from the then current Termination Date. Notwithstanding the dates specified in Section 2.13 of the Agreement for requesting such extension, we hereby request that you extend the Termination Date of the Agreement to December 1, 1998. If you are agreeable to our request, please so indicate by signing and returning the duplicate copy of this letter which we have enclosed herewith. Thank you. Sincerely, Alan M. Forster Vice President & Treasurer ACCEPTED & AGREED UNION BANK OF SWITZERLAND, NY BRANCH By: Samuel Azizo - Vice President By: James P. Kelleher - Assistant vice President Date: Not dated cc: Mr. Kenneth E. Dutcher Ms. Barbara S. Gmora Ms. Regina E. Dooley