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Washington Mutual Board of Directors Nominates Regina Montoya

SEATTLE--(BUSINESS WIRE)--March 3, 2006--Washington Mutual, Inc (NYSE:WM) announced today the nomination of Regina Montoya for election to its board of directors. Montoya's nomination will be voted upon at the company's 2006 annual shareholders' meeting on April 18.

Montoya, 52, has been the chief executive officer of Washington D.C.-based New America Alliance (NAA) since September 2005. Her responsibilities include developing strategic and tactical plans to fulfill the NAA's mission of promoting the advancement of the Latino community, with a focus on economic empowerment.

From 1996 until 2005, Montoya was the founder and president of WORKRules, a Texas-based workforce training and media and community relations company. From August 2002 until February 2005, Montoya was the Southwest regional director for AARP.

Montoya has a Juris Doctor degree from Harvard Law School and a Bachelor of Arts in Psychology and Spanish from Wellesley College. She has served in the White House as an assistant to the President and director of the Office of Intergovernmental Affairs.

About Washington Mutual

With a history dating back to 1889, Washington Mutual is a leading provider of financial services for consumers and small businesses. At December 31, 2005, Washington Mutual and its subsidiaries had assets of $343.12 billion. Washington Mutual currently operates more than 2,600 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
Alan Gulick, 206-377-3637 (Media)
alan.gulick@wamu.net
Alan Magleby, 212-326-6019 (Investors)
alan.magleby@wamu.net

SOURCE: Washington Mutual