SANTA MONICA-MALIBU UNIFIED SCHOOL DISTRICT

PRESS RELEASE

Contact: Jeanne Wells

310-450-8338, ext. 239

For Immediate Release

March 16, 2004

WELLS FARGO BANK CONTRIBUTES TO SMMUSD EQUITY FUND

We are pleased to announce that Wells Fargo Bank donated $8,680 to the Santa Monica-Malibu Unified School District which will be placed in the Equity Fund to support an equitable education for all the District's students. The funds will be used on direct classroom expenses including teaching materials and school supplies. Acknowledging the challenging budget shortages in California's public schools, Shelley Benson, Market President for Wells Fargo, states: "Wells Fargo's commitment to supporting our local schools in this difficult time is as strong as ever."

Wells Fargo introduced the Team Up For Our Schools program, where they committed to donating to local school districts up to $20 for each new checking account opened during the summer months. The $8,680 contribution represents the donations generated by the Wells Fargo stores in the area encompassing the Santa Monica-Malibu Unified School District.

This contribution is continuing Wells Fargo's long-standing commitment to education. Superintendent John Deasy commented, "Everyone benefits when students receive an outstanding education. We are very grateful to Wells Fargo for their generosity which allows our District to provide the exemplary educational opportunities our students and their families need and deserve."

Contributions to the SMMUSD Equity Fund may be made by contacting the Superintendent's office.

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SANTA MONICA-MALIBU UNIFIED SCHOOL DISTRICT

1651 16TH Street, Santa Monica 90404 - 310-450-8338 - Fax 310-581-1138

www.smmusd.org