May 17, 2004

SBC Communications, Inc. Completes $120,000 Grant to MDE Program

Generous Gift Provides Support for Aspiring Entrepreneurs

Los Angeles — Angela Gibson, director, external affairs, SBC Communications, Inc., presented Alfred E. Osborne, Jr., Ph.D., senior associate dean, UCLA Anderson School of Management and faculty director, Price Center for Entrepreneurial Studies, with a third installment check for $40,000 for sponsorship of the Management Development for Entrepreneurs (MDE) Program at UCLA Anderson School of Management. It is the last of three installments of their current $120,000 grant to the MDE Program at UCLA Anderson.

SBC has been a generous sponsor of MDE since the program's inception in 1990, helping hundreds of entrepreneurs achieve their goals and build successful businesses.

“Our long and valuable relationship with SBC Communications been integral to the success of the MDE Program. We have been able to provide hundreds of entrepreneurs with the management training needed to build and grow thriving businesses,” said Osborne. “SBC's commitment to management training is singular. We value their dedication to California's entrepreneurial community and appreciate their continued support of the UCLA Anderson School of Management.”

The Management Development for Entrepreneurs (MDE) Program, offered by the Harold Price Center for Entrepreneurial Studies at UCLA Anderson School of Management, is a premiere educational opportunity that enables entrepreneurs to develop essential management skills and strengthen their ability to build and manage effective and profitable organizations. MDE provides participants with a varied curriculum of lectures, case discussions, applied workshops, and business improvement consultation to help them develop management tools to confront issues facing today's growing enterprises. Over 560 entrepreneurs throughout California have attended MDE Programs.

The MDE Program is offered three times per year - at UCLA Anderson during the fall and in San Jose and San Ramon during the spring. Program participants receive instruction in the latest theory and practice in such areas as strategy, marketing, finance, operations, and management. In addition to a varied curriculum of lectures, case discussions and applied workshops, participants work closely with faculty to address the challenges facing today's growing enterprises.

About SBC
SBC Communications Inc. (NYSE: SBC) is a Fortune 50 company whose subsidiaries, operating under the SBC brand, provide a full range of voice, data, networking, e-business, directory publishing and advertising, and related services to businesses, consumers and other telecommunications providers. SBC holds a 60 percent ownership interest in Cingular Wireless, which serves more than 24 million wireless customers. SBC companies provide high-speed DSL Internet access lines to more American consumers than any other provider and are among the nation's leading providers of Internet services. SBC companies also now offer satellite TV service. Additional information about SBC and SBC products and services is available at www.sbc.com.

About the Harold Price Center for Entrepreneurial Studies
The Harold Price Center for Entrepreneurial Studies, a recognized leader in entrepreneurial education, oversees all teaching, research, extracurricular and community activities related to entrepreneurship at UCLA Anderson School of Management. The Price Center strives to provide academic and extracurricular experiences that advance both the theory and practice of entrepreneurship.

About UCLA Anderson School of Management
UCLA Anderson School of Management is perennially ranked among the top-tier business schools in the world. Award-winning faculty renowned for their research and teaching, highly selective admissions, successful alumni and world-class facilities combine to provide an extraordinary learning environment. Established in 1935, UCLA Anderson provides management education to more than 1,400 students enrolled in full-time, part-time and executive MBA programs and doctoral programs.

UCLA Anderson's faculty includes outstanding educators and researchers who share their scholarship and expertise in such fundamental areas as finance, marketing, accounting, business economics, decision sciences, operations and technology management, human resources and organizational behavior, information systems, strategy and policy.

Recognizing that the school offers unparalleled expertise in management education, the world's business community turns to UCLA Anderson School of Management as a center of influence for the ideas, innovations, strategies and talent that will shape the future.

Media Relations