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Women Executives Thrive at WaMu

SEATTLE--(BUSINESS WIRE)--Jan. 28, 2003--

Washington Mutual Earns Spot on the National Association for

Female Executives' "Top 30 Companies for Executive Women" for the

Third Consecutive Year

Financial services retailer Washington Mutual has been honored for the third consecutive year by the National Association of Female Executives (NAFE) as one of the "Top 30 Companies for Executive Women." Washington Mutual placed 15th on the list this year.

"We're a top company for executive women because we value diversity and we'll continue to build a talented workforce that reflects the communities we serve," said Kerry Killinger, Washington Mutual's chairman, president and CEO. "Equally important, we're a great company for executive women for the same reasons we're a great company for any dynamic and driven executive -- we're committed to developing leaders from within the company."

Women currently comprise more than 67 percent of WaMu's full-time workforce, 64 percent of the company's managers and 44 percent of department and division heads. Four of the company's 13 board members are women. Washington Mutual continues to offer competitive benefits for its employees, including flexible scheduling and telecommuting options, as well as traditional benefits such as profit sharing, retirement and insurance plans.

In addition to its recognition for promoting executive women, Washington Mutual has been recognized by Fortune magazine as one of the "100 Best Companies to Work For" and was rated number 27 in Fortune's annual "50 Best Companies for Minorities" evaluation. Latina Style magazine has recognized WaMu as one of the "50 Best Companies for Latinas to Work For in the U.S." and Hispanic Business magazine ranked WaMu second on its list of the "corporate elite" with Hispanic employees at the management and executive levels.

Washington Mutual maintains a performance-based environment and supports its employees with competitive benefits and extensive leadership training and growth opportunities. Washington Mutual recently unveiled a corporate leadership development center near its Seattle headquarters. The state-of-the-art facility, known as Cedarbrook, is the home for a structured leadership development curriculum designed to build leadership competencies, transmit the company's culture and values, and create strong working relationships.

About Washington Mutual

With a history dating back to 1889, Washington Mutual (NYSE:WM) is a growth retailer of consumer financial services that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At December 31, 2002, Washington Mutual and its subsidiaries had assets of $268.30 billion. The company currently operates more than 2,500 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation. Washington Mutual's press releases are available at www.wamu.com.


CONTACT: Washington Mutual, Seattle
Olivia Riley, 206/377-3636