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Washington Mutual to Host New York Investor Day

SEATTLE--(BUSINESS WIRE)--Dec. 9, 2002--Washington Mutual, Inc. (NYSE:WM) today announced that it will host its second annual New York Investor Day on Wednesday, Dec. 11.

Due to space limitations, all attendees must have previously registered for the meeting. For the first time, Washington Mutual will webcast its Investor Day as an alternative to attending the live event.

The meeting, scheduled to begin at 8:30 a.m. EST on Dec. 11 and to last until 2:30 p.m., will include presentations from several members of the executive management team responsible for leading Washington Mutual's growth retail strategy. One of the themes of the meeting will be the company's strategy to become a leading growth retailer of consumer financial services.

The public may participate in the meeting through a live audio webcast and slide presentation, which will also be archived for 30 days following the meeting. Interested parties may access the webcast through Washington Mutual's "Investor Relations" page at www.wamu.com/ir.

With a history dating back to 1889, Washington Mutual is a national financial services company that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At September 30, 2002, Washington Mutual and its subsidiaries had assets of $262.61 billion. Washington Mutual 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 Ruthanne King, 206/461-6421 ruthanne.king@wamu.net