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WaMu Shareholders Approve Proposals Related to Recent Capital Raise

SEATTLE--(BUSINESS WIRE)--June 24, 2008--Washington Mutual, Inc. (NYSE:WM), announced that shareholders overwhelmingly approved two Proposals put forth by the company at a special shareholders' meeting related to the company's recent $7 billion capital raise.

Proposal 1 received an affirmative vote of more than 95 percent of eligible shares voted while Proposal 2 received an affirmative vote of more than 94 percent of eligible shares voted.

The first proposal approved an increase in the number of authorized shares of common stock to permit the conversion of the preferred stock issued in the company's recent capital-raising transaction into, and the ability to exercise warrants issued in that transaction for, common stock. The second proposal approved the conversion and exercise of these securities.

About WaMu

WaMu, through its subsidiaries, is one of the nation's leading consumer and small business banks. At March 31, 2008, WaMu and its subsidiaries had assets of $319.67 billion. The company has a history dating back to 1889 and its subsidiary banks currently operate approximately 2,500 consumer and small business banking stores throughout the nation. WaMu's financial reports and news releases are available at www.wamu.com/ir.


    CONTACT: WaMu
             Media Contact:
             Derek Aney, 206-500-6094 or 212-326-6075
             derek.aney@wamu.net
             or
             Investor Relations Contact:
             Alan Magleby, 206-500-4148 or 212-702-6955
             alan.magleby@wamu.net

    SOURCE: Washington Mutual, Inc.