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ADVISORY/Washington Mutual Breaks Ground for New Corporate Leadership Training Center in SeaTac


    WHAT: Washington Mutual (NYSE:WM) will hold a groundbreaking for a
      new corporate leadership training center planned in SeaTac. The
      center, named the Washington Mutual Leadership Center at 
      Cedarbrook, will be a contemporary, state-of-the-art residential
      center that will support the ongoing leadership development 
      of Washington Mutual employees.

      The three-building, 107,000-square-foot center is located on an
      18-acre campus located to the east of SeaTac Airport. The campus
      will feature three buildings, which will include a main building
      with a 120-seat auditorium, boardroom and additional breakout 
      rooms. The other two smaller buildings will house approximately 
      110 guest rooms.

      The facilities and surrounding 150-car parking lot will sit 
      along the southern and eastern portions of the land -- leaving 
      nearly one-third of the property as wetlands to be donated to 
      the city of SeaTac for restoration and public access.

    WHERE: Thursday, Dec. 13, with groundbreaking ceremony 
      at 12:15 p.m.

      Site of new facility. Entrance is at the intersection of 36th
      Avenue South and South 188th Street.

      Driving directions: From Seattle take I-5 South to the Orilla
      Road/188th Exit. Bare right at the end of the exit onto 188th. 
      Take a right hand turn on 36th Avenue and follow it to the end 
      of the road.

    WHO: Kerry Killinger, Chairman, CEO and President, Washington 
      Mutual, will lead the groundbreaking activities.

      Additional note: Music will be provided by the Tyee High School
      Jazz Band. A lunch reception will begin at 11:30 a.m., with the 
      groundbreaking and remarks at 12:15 p.m. A model of the new 
      center will be available for viewing.


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