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Washington Mutual Offers Disaster Relief to Victims of Hurricane Katrina; Company to Donate $100,000 to the American Red Cross Disaster Relief Fund

SEATTLE--(BUSINESS WIRE)--Aug. 31, 2005--Washington Mutual, Inc. (NYSE:WM) today announced it will provide special assistance to help customers and residents in the federally-declared disaster areas as a result of Hurricane Katrina.

The company's disaster relief program includes penalty-free CD withdrawals, reduced interest rates on Home Equity Loans, quick approval on personal lines of credit and alternate payment plans for loan customers.

Washington Mutual is also donating $100,000 to the American Red Cross Disaster Relief Fund and is collecting additional donations at its retail banking stores across the nation from those who want to make a financial contribution to the Red Cross. In addition, the company said it will match funds contributed by its employees who wish to make financial contributions to the relief efforts.

"Our heartfelt sympathy and concern goes out to all those who have been impacted by this natural disaster," said Steve Rotella, Washington Mutual's president and chief operating officer. "We hope our company's donation and other support programs along with the additional funds we collect from our employees and customers will help everyone affected by Hurricane Katrina recover quickly."

Washington Mutual customers who live, work or own property in the hurricane-impacted areas and who wish to inquire about the company's disaster relief programs should call Washington Mutual's customer care phone line or visit their local retail banking store or home loan center. For deposit account inquiries customers can call 800-788-7000 at any time. For inquiries regarding consumer loan and home mortgage loan programs, customers can call 800-472-1254 Monday through Friday from 9 a.m. to 11 p.m. EST and Saturdays, 11 a.m. to 4 p.m. EST.

With a history dating back to 1889, Washington Mutual is a retailer of financial services that provides a diversified line of products and services to consumers and commercial clients. At June 30, 2005, Washington Mutual and it subsidiaries had assets of $323.53 billion. Washington Mutual currently operates more than 2,400 retail banking, mortgage lending, commercial banking and financial services offices throughout the nation. Washington Mutual's press releases are available at www.wamunewsroom.com.

    CONTACT: Washington Mutual
             Nova Barnett, 404-314-9500

    SOURCE: Washington Mutual