WorldCom Announces Its Post-Restructuring Management Plan

CLINTON, Miss., September 10, 2002 - WorldCom, Inc. (WCOEQ, MCWEQ) today announced its first steps toward a post-restructuring management structure. WorldCom, through its President and Chief Executive Officer John Sidgmore, today formally announced it is actively seeking a permanent chief executive officer for the company. Mr. Sidgmore always intended for his appointment in April 2002 to be an interim solution in response to the swift departure of WorldCom's former CEO. When Mr. Sidgmore was appointed as CEO, his charter was to turn around a great company and to restructure its financial position. Mr. Sidgmore had always intended to bring the company to a point of stability and to hire a new CEO.

Mr. Sidgmore will remain in his current position as president and CEO until a successor can be retained, which the company believes can be accomplished in an accelerated timeframe. At that time Mr. Sidgmore will return to his role as vice chairman. Bert Roberts will continue in his role as Chairman of the Board.

"I have concluded that having moved WorldCom through the initial phase of the bankruptcy process now is the appropriate time for the company to initiate a search for a long-term CEO," said Sidgmore. "By returning to my vice chairman role, after the search is complete, I, along with Bert Roberts will be able to remain active in a strategic capacity while our new CEO manages the day-to-day operations of the company and the overall bankruptcy process."

Members of the company's Board of Directors, including Mr. Sidgmore and Mr. Roberts, will lead the executive search. The Official Committee of Unsecured Creditors will also actively participate in the process. As part of this process, WorldCom will retain a pre-eminent executive recruiting firm to assist in the search for a new president and CEO.

Additionally, WorldCom has been adding highly qualified members to its Board of Directors and will continue to seek additional members who bring a diverse set of skills to its existing Board. C.B. Rogers, Jr., former CEO of Equifax, Inc. was elected to the WorldCom Board on August 29, 2002.

The company remains on track to restructure and emerge from Chapter 11 protection in mid-2003. Both the Board of Directors and the Creditors Committee support the search process and the new management approach.

Over the past three months, the company has continued to make progress, obtaining financing commitments, adding new Board members, appointing a new chief financial officer and a chief restructuring officer, and developing a plan to emerge from Chapter 11 in a timely fashion.

The management team remains focused on customer and employee communications. The transition to a new management team will be seamless to its employees and more than 20 million worldwide customers. The executive search will be swift and should help WorldCom emerge more quickly from Chapter 11 as a healthy, viable entity.

About WorldCom, Inc.

WorldCom, Inc. (Nasdaq: WCOEQ, MCWEO) is a pre-eminent global communications provider for the digital generation, operating in more than 65 countries. With one of the most expansive, wholly-owned IP networks in the world, WorldCom provides innovative data and Internet services for businesses to communicate in today's market. In April 2002, WorldCom launched The Neighborhood built by MCI - the industry's first truly any-distance, all-inclusive local and long-distance offering to consumers for one fixed monthly price. For more information, go to http://www.worldcom.com.

Forward Looking Statements

This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to WorldCom's bankruptcy proceedings and matters arising out of pending class-action and other lawsuits and ongoing internal and government investigations relating to the previously announced restatement of its financial results. Other factors that may cause actual results to differ materially from management's expectations include economic uncertainty; the effects of vigorous competition; the impact of technological change on our business, alternative technologies, and dependence on availability of transmission facilities; risks of international business; regulatory risks in the United States and internationally; contingent liabilities; uncertainties regarding the collectibility of receivables; risks associated with debt service requirements and; our financial leverage; uncertainties associated with the success of acquisitions; and the ongoing war on terrorism. More detailed information about those factors is contained in WorldCom's filings with the Securities and Exchange Commission.