Cadwalader Signs Agreement to be Flagship Sponsor of Making Strides Against Breast Cancer Walk; Law Firm to Join Forces with American Cancer Society in Fundraising Effort.

Business Editors/Legal Writers

NEW YORK--(BUSINESS WIRE)--June 17, 2003

Cadwalader, Wickersham & Taft LLP today announced it has signed an agreement with the American Cancer Society to be a Flagship Sponsor of the Making Strides Against Breast Cancer event to be held Sunday, Oct. 19, 2003 in New York's Central Park.

As part of the Firm's commitment, Cadwalader has not only made a cash contribution but has pledged to deliver a team of 300 Cadwalader employees, friends, family members and clients in the fundraising effort. The five-mile, non-competitive walk benefits the American Cancer Society's breast cancer research, patient services, education and advocacy programs.

"We are proud to partner with, and support, one of the most recognized non-profit organizations in the country," said Robert O. Link, Jr., Cadwalader's Chairman. "This event is deeply rooted in the New York community, as is our Firm. Rallying our troops to participate is the right thing to do."

Held each October in Central Park, Making Strides is a grassroots, community-based non-competitive walk with teams of walkers from hundreds of corporations, hospitals, schools, and municipal community organizations throughout New York City. In 2002, over 22,000 participants joined together to help raise life-saving funds and build awareness about the issue of breast cancer and the importance of early detection.

"Cadwalader's participation marks the first time a law firm has signed on as a Flagship Sponsor. We are delighted to have them on board and joining our comprehensive approach to defeating this disease," stated Hector Batista, Executive Vice President of the Metro Region for the American Cancer Society. "Cadwalader's participation and support will help fund our efforts to reduce cancer deaths by 50% and cancer incidence by 25% by the year 2015. Every step their walkers take brings us one step closer to a cure."

"This sponsorship is an expansion of our Firm's commitment to philanthropy and specific support for the American Cancer Society. For the past several years Cadwalader has made a cash contribution to the American Cancer Society in lieu of sending holiday cards to our clients and contacts. With the Making Strides Against Breast Cancer Walk we are expanding beyond financial support and are involving the Cadwalader community to help raise awareness that early detection can save lives," stated Anna Glick, a member of Cadwalader's Management Committee and Co-Chair of the Firm's Women's Initiative.

In addition to contributions made to approximately 100 organizations in 2002, Cadwalader's commitment to the community, in each of its four offices -- New York, Charlotte, Washington and London -- is evidenced by the wide variety of community service and pro bono projects undertaken by the Firm's attorneys and administrative staff.

A sampling of programs locally supported by Cadwalader's regional offices includes fundraising in the Charlotte office for the Arts & Science Council, a nonprofit organization that provides the planning, oversight and funding required to support a vibrant and culturally diverse art, science and history community for the education and enjoyment of children and adults in the Charlotte/Mecklenburg area. The Firm's Washington DC office has played an active role in the rebuilding of the Kennedy Playground, a project dedicated to rejuvenating an inner city playground and recreation center as a means of improving the quality of life for the community. And in London, the Firm supports 'The Over The Wall Gang Camp', a residential camp for children and young people between 7 and 15 who are affected by cancer and other serious illnesses.

As one of the nation's oldest law firms, Cadwalader has a long-standing commitment to professional service in the public interest. From helping found the Friends of the Law Library of Congress in the early 1900s, to publishing a practical guide for residents and community groups on using civil laws to combat illegal drug trade in the 1980s, to assisting individuals, families and businesses affected by the September 11 terrorist attacks, Cadwalader is dedicated to fulfilling its obligation to assist those with limited access to legal services. Each of the Firm's offices engages in varied pro bono representations in a range of areas including the arts, corporate, litigation, real estate and environmental, and tax.

Cadwalader, Wickersham & Taft LLP, established in 1792, is one of the world's leading international law firms, with offices in New York, Charlotte, Washington and London. Cadwalader serves a diverse client base, including many of the world's top financial institutions, undertaking business in more than 50 countries in six continents. The firm offers legal expertise in securitization, structured finance, mergers and acquisitions, corporate finance, real estate, environmental, insolvency, litigation, health care, banking, project finance, insurance and reinsurance, tax, and private client matters. More information about Cadwalader can be found at www.cadwalader.com.