Glenn F. Tilton Elected to LNC Board.

Business Editors

PHILADELPHIA--(BUSINESS WIRE)--Feb. 27, 2002

Lincoln National Corporation (NYSE:LNC), the parent company of the Lincoln Financial Group of companies, announced that Glenn F. Tilton, vice chairman of the board of directors for ChevronTexaco Corporation in San Francisco, California, was elected to its board of directors as of February 18.

In October 2001, Mr. Tilton, 53, was named vice chairman of the board of directors for the newly formed ChevronTexaco Corporation, one of the world's largest and most competitive global energy companies. Prior to the merger, he was chairman and chief executive officer of Texaco, Inc.

Mr. Tilton began his career with Texaco in 1970 as a sales trainee and continued on to hold other positions of increasing management responsibility throughout the organization. In 1997 he was appointed president of Texaco's Global Businesses Unit, having responsibility for Texaco's worldwide refining and marketing operations. In early 2001, Mr. Tilton was elected chairman of the board and chief executive officer of Texaco Inc. He also served on Texaco's executive council.

"Glenn is a terrific addition to Lincoln's board; he is well respected throughout the business community for his strong leadership, financial and operating expertise as well as his broad background in marketing, corporate planning and management," said Jon A. Boscia, chairman and chief executive officer of Lincoln Financial Group.

"In addition to his business acumen, Glenn also brings tremendous governance and board management expertise. I am delighted that he has chosen to join the Lincoln Board."

"I very much look forward to the opportunity to join and contribute to an outstanding board and an excellent company," said Glenn Tilton, vice chairman of the board, ChevronTexaco Corporation.

Mr. Tilton is on the board of directors for Dynegy Inc. He also serves on the president's advisory board at the University of South Carolina and is a member of the American Petroleum Institute's (API) board of directors. Mr. Tilton is a member of the United States Energy Association, The Conference Board and is a managing director of the Metropolitan Opera Association. Mr. Tilton holds a bachelor's degree in international relations from the University of South Carolina.

Mr. Tilton and his wife Jacqueline have been married for 34 years and reside in San Francisco, California.

Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in Philadelphia, Lincoln Financial Group has consolidated assets of $98 billion and annual consolidated revenues of $6.4 billion. Through its wealth accumulation and protection businesses, the company provides annuities, life insurance, 401(k) plans, mutual funds, managed accounts, institutional investment and financial planning and advisory services.