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ADVISORY/Washington Mutual Volunteers ``Adopt'' King Elementary School in Portland; Paint Party to Spruce up School in Time for Fall
    --(BUSINESS WIRE)--

    WHAT/ WHO:

Local Washington Mutual volunteers will be helping to spruce up King Elementary School -- just in time for the new school year.

WaMu volunteers will be painting the interior of the school, which badly needs it. Employees held a paint party earlier in the summer -- this will be the second and final coat.

Rhonda Craemer, school principal, and Bernie Orgill, Washington Mutual's branch manager who has coordinated the volunteer project, will be available for interviews.

WHEN:

August 16, 2003

(note to media: we are asking if you can come between 11 a.m. and 1 p.m.)

    WHERE:

    King Elementary School, 4609 N.E. Sixth

    It's a surprise:

In addition to providing the paint and volunteers, Washington Mutual will also be presenting the principal with a $2,679.50 check at the volunteer project. The funds come from Washington Mutual's Wamoola for School program, where the bank sets aside $1 for every new checking account opened during the year and then distributes funds to local schools. Last year, WaMu awarded $4.1 million to schools and school districts nationwide.

Background:

Washington Mutual has a strong corporate giving and volunteer program. This year, the company's community giving program will top $94 million nationwide. This financial commitment is complemented with the volunteer efforts of its employees. Last year, more than 19,500 employees volunteered more than 200,000 hours in their local community helping more than 2,800 projects.


    CONTACT: Washington Mutual
             Mary Kelley, 206-377-6878

    SOURCE: Washington Mutual