WorldCom, Inc. Announces Decision Not to Pay July 15, 2002 Dividend on MCI Group Common Stock

CLINTON, Miss., July 11, 2002 - WorldCom, Inc. (Nasdaq: WCOME, MCITE), today announced that, in light of current circumstances, its Board of Directors has determined the company will not pay the dividend of $0.60 per share of MCI group common stock that was scheduled to be paid on July 15, 2002. As previously announced, each outstanding share of MCI group common stock will be converted into 1.3594 shares of WorldCom group common stock, effective as of the close of regular trading on Friday, July 12, 2002.

About WorldCom, Inc.
WorldCom, Inc. (NASDAQ: WCOME, MCITE) 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.