BP Amoco Announces Major Investment in Chicago Schools and Non-profits at BP Amoco $500,000 Leader Awards Luncheon.

CHICAGO--(BUSINESS WIRE)--Sept. 29, 1999--

Initial $1.2 Million To Fund Beautification Program & State-of-the-Art

Computer Venture

Paula A. Banks, vice president of Global Social Investment, BP Amoco Corporation, today announced the company's plans to launch major social investment initiatives targeting Chicago public and private school systems and local non-profit organizations at the 1999 BP Amoco Leader Awards Luncheon at The Fairmont Hotel. During the Luncheon, Banks also presented local non-profits, The Resurrection Project and the Women's Self-Employment Project, with $250,000 grants each for demonstrating excellence in job creation and economic development.

"These are the first initiatives of the newly created Global Social Investment unit which is committed to making business investments that enable Chicago communities to make long-term economic progress," said Banks. "As we approach the new millenium, BP Amoco will continue to put its dollars and resources in achieving that goal."

The first initiative is designed to ensure BP Amoco's community partners are prepared for the challenges and opportunities of the 21st century. BP Amoco will provide 200 non-profit partners in communities including Grand Boulevard, Austin, Pilsen, Humboldt Park and Roseland with computers, printers and tuition for computer training classes at Chicago City College. It will also seek out in-kind partnerships with local colleges and computer corporations for additional technology training opportunities.

The second initiative, Neighbor At Our Doorsteps, involves BP Amoco's commitment to the environment, education and young people. The corporation will fund the Service Learning Program where 77 Chicago public high schools will mentor elementary students in a Chicago beautification program and the importance of social responsibility. Additionally, BP Amoco will provide $100 grants to Chicago private elementary schools as "seed money" for use in a variety of beautification projects.

Other BP Amoco programs include Community Scholarship Program, United Way and BP Amoco Fellows Programs.

BP Amoco is one of the world's largest petroleum and petrochemical groups. The Global Social Investment Unit of BP Amoco Foundation, Inc., contributes to community and educational organizations in 33 countries.