AT&T Wireless Names Initial Board.

Business Editors

NEW YORK & REDMOND, Wash.--(BUSINESS WIRE)--June 19, 2001

In anticipation of becoming an independent public company on July 9, AT&T Wireless (NYSE: AWE) today announced eight members of its new board of directors.

John D. Zeglis will serve as chairman of the board in addition to his duties as chief executive officer. Other members of the board include:

-- Walter Y. Elisha, retired chairman and chief executive officer of Springs
Industries;

-- Donald V. Fites, retired chairman and chief executive officer of
Caterpillar, Inc;

-- Ralph S. Larsen, chairman and chief executive officer of Johnson & Johnson;

-- Nobuharu Ono, executive vice president and senior executive manager of
Mobile Multimedia Division, NTT DoCoMo, Inc.

-- John W. Madigan, chairman, president and chief executive officer of Tribune
Company;

-- Barry Rand, retired chairman, president and chief executive officer of Avis
Group Holdings, Inc.; and,

-- Carolyn M. Ticknor, retired president of Imaging & Printing Systems at
Hewlett Packard Company.

"AT&T Wireless is proud to have such an incredibly strong board at day-one," said Zeglis. "Without exception, each board member is a seasoned business leader with a tremendous amount of talent to share. Their broad experiences and unique perspectives will be a winning combination as we launch our new company."

Concurrent with the AT&T Wireless split-off from AT&T, Zeglis, Elisha, Fites and Larsen will leave the AT&T board and immediately join the AT&T Wireless board. At the same time, Masaki Yoshikawa, president and CEO of NTT DoCoMo USA will step down from the AT&T board as Ono joins the AT&T Wireless board.

"On behalf of all AT&T shareowners I would like to thank John, Walter, Don, Ralph and Yoshikawa-san for their vision, support and hard work," said C. Michael Armstrong, AT&T Chairman and CEO. "We have accomplished much together. Today's action is an important step in the establishment of AT&T Wireless as an independent company with its own strong board of directors."

On June 8, AT&T announced that the split off of AT&T Wireless as a separate independent company will occur on July 9, 2001. AT&T will redeem AT&T Wireless tracking shares (NYSE:AWE) and convert the shares into AT&T Wireless common stock, on a one-for-one basis, on July 9. AT&T's Board also declared a special stock dividend of AT&T Wireless common stock to AT&T common stock holders of record on June 22, 2001, payable concurrently with the redemption.

The AT&T special dividend is the means through which AT&T will distribute approximately 1.16 billion shares of AT&T Wireless currently held by AT&T and complete the split off of AT&T Wireless. As previously announced, the distribution excludes approximately $3 billion of AT&T Wireless common stock AT&T plans to retain for later disposition.

The foregoing are "forward-looking statements" which are based on management's beliefs as well as on a number of assumptions concerning future events made by and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside AT&T's control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of AT&T.