MCI's Board of Directors Comments on Special Committee Report

ASHBURN, Va., June 9, 2003 - MCI's Board of Directors today released the findings of a comprehensive internal investigation that analyzed past actions at WorldCom, Inc. and issued recommendations for corrective measures. Former Securities and Exchange Commission Director of Enforcement William McLucas and the law firm of Wilmer, Cutler & Pickering were legal counsel to the Special Committee of the Board and led the investigation, with the assistance of PricewaterhouseCoopers LLP who served as financial advisors to the Committee. Directors who also served on the Special Committee include: Nicholas Katzenbach, former U.S. Attorney General; Dennis Beresford, former chairman of the Financial Accounting Standards Board; and Jack Rogers, former Chairman and CEO of Equifax. In releasing the final report of the Special Committee, the following statement should be attributed to board member Nicholas Katzenbach on behalf of the Board of Directors: "The Board of Directors commissioned this report to ensure that everyone knows exactly what transpired in the past and that new controls would be implemented so that history will not repeat itself. Since last June, investigators have interviewed hundreds of people, inspected millions of documents, and pursued countless leads, and we are confident that the full extent of the wrongdoing has been uncovered. "It is clear that the actions of a confined group of former executives and employees had a significant impact on the company, its 55,000 employees, and its shareholders, creditors and business partners. This issue is now in the hands of our country's justice system to run its course. "Under the leadership of MCI's Chairman and CEO Michael Capellas, the new management team has overcome huge hurdles to begin rebuilding the new MCI as a model for good corporate governance and strong management integrity. We are confident that the employees of MCI are fully committed to restoring trust in the company. The company remains on a fast track to emerge from Chapter 11 later this fall. "MCI's new Board of Directors are actively involved with the company's efforts to redefine itself. The Board and the management team welcome the opportunity to operate with the highest standards of accountability, integrity and transparency." About WorldCom, Inc.
WorldCom, Inc. (WCOEQ, MCWEQ), which currently conducts business under the MCI brand name, is a leading global communications provider, delivering innovative, cost-effective, advanced communications connectivity to businesses, governments and consumers. With the industry's most expansive global IP backbone and wholly-owned data networks, WorldCom develops the converged communications products and services that are the foundation for commerce and communications in today's market. For more information, go to http://www.mci.com.