AOL Time Warner Names Theodore W. Ullyot Senior Vice President and General Counsel for AOL Time Warner in Europe.

Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 18, 2002

AOL Time Warner Inc. (NYSE: AOL) announced today the appointment of Theodore W. Ullyot as senior vice president and general counsel for AOL Time Warner Europe.

Mr. Ullyot will continue to serve as a vice president and associate general counsel of AOL Time Warner, and to report to Paul T. Cappuccio, executive vice president and general counsel of AOL Time Warner. Mr. Ullyot will be based in London and New York and will work closely with the general counsels of the various AOL Time Warner divisions with operations in Europe, as well as with Iris Knobloch, AOL Time Warner Europe's senior vice president for international relations and strategic policy.

In making the appointment, Mr. Cappuccio said: "Having worked closely with Ted for more than five years, I know that he will serve AOL Time Warner well in this new capacity. Ted's strong analytic skills and legal judgment, as well as his close working relationship with the European Commission officials and the company's legal and policy staff in Europe, make him the perfect choice for this position."

Mr. Ullyot said: "This is a tremendous opportunity to work with the company's talented executive team in Europe and to help coordinate our company-wide legal strategy throughout Europe. I am pleased to assume this new role on Paul Cappuccio's legal team, and I look forward to working closely with Iris Knobloch and other members of the AOL Time Warner Europe policy group."

Mr. Ullyot joined the America Online legal department in October 2000, and transferred to AOL Time Warner following the completion of the merger in January 2001. In his current capacity as vice president and associate general counsel, he has worked on a wide range of European legal matters. Prior to joining AOL Time Warner, Mr. Ullyot was a partner in the Washington, D.C. office of Kirkland & Ellis. While at Kirkland, he specialized in telecommunications and appellate law, advising America Online and other major clients on litigation and transactional matters. Mr. Ullyot joined Kirkland & Ellis following clerkships with Justice Antonin Scalia of the United States Supreme Court and Judge J. Michael Luttig of the United States Court of Appeals for the Fourth Circuit. He received his J.D. degree with honors from the University of Chicago in 1994, graduated magna cum laude from Harvard College in 1990, and studied in Paris at the Institut d'Etudes Politiques in 1990-91, receiving a Certificat d'Etudes Politiques.

AOL Time Warner (NYSE: AOL) is the world's first Internet-powered media and communications company, whose industry-leading businesses include interactive services, cable systems, publishing, music, networks and filmed entertainment.