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Los Angeles Mayor's Office Partners with Washington Mutual to Help Deliver a Day of Service to Six Neighborhood High Schools; Hundreds of Washington Mutual Employees to Lend a Helping Hand to Beautify Local Schools and Surroundings

LOS ANGELES--(BUSINESS WIRE)--Oct. 4, 2005--Washington Mutual, Inc. (NYSE:WM), a leading retailer of financial services for consumers and small businesses, announced today that it has partnered with the City of Los Angeles to help beautify six neighborhoods and their local schools in support of Mayor Antonio Villaraigosa's City-Wide Day of Service on Saturday, October 8, 2005. In addition to providing the funds necessary to undertake such a monumental project, Washington Mutual has encouraged its employees, from across the greater Los Angeles area, to volunteer at one of the six schools.

"Washington Mutual and its employees are committed to our community involvement and service, which is why we did not hesitate about lending a helping hand when the Mayor's office presented the opportunity," said Wayne-Kent Bradshaw, Western Region President of Community and External Affairs.

Day of Service volunteers will be working hand-in-hand with city and school board representatives, as well as with community organizations in numerous activities such as tree planting, mural painting, water fountain repairs, area nuisance house clean-ups, landscaping, community gardens, graffiti removal, street cleaning, bulky item pick up, alley clean up, cleaning abandoned lots and others.

Bradshaw added, "This initiative is in line with our Class Acts Volunteer Program, which last year attracted nearly 4,000 employees, friends and family to return to school to read to students, help with art projects, organize supply drives, present lessons on financial literacy and clean up school grounds."

    The six neighborhood schools are:

    --  Roosevelt High -- 456 S. Mathews St., Los Angeles, CA 90033

    --  Hollywood High -- 1521 N. Highland Ave., Los Angeles, CA 90028

    --  North Hollywood High -- 5231 Colfax Ave., North Hollywood, CA
        91601

    --  Venice High -- 13000 Venice Blvd., Los Angeles, CA 90066

    --  Banning High -- 1527 Lakme Ave., Wilmington, CA 90744

    --  Fremont High -- 7676 S. San Pedro St., Los Angeles, CA 90003
        (remarks by Mayor Villaraigosa and Mr. Bradshaw at 1:00 p.m.)

    About Washington Mutual

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 its 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, Inc.
             Gary Kishner, 213-217-4006
             gary.kishner@wamu.net

    SOURCE: Washington Mutual, Inc.