Schwab and Pro Golfer Phil Mickelson Sign Multi-Year Endorsement Deal; Charles R. Schwab & Phil Mickelson to Debut Relationship at AT&T Pebble Beach National Pro-Am.

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Issue: Jan 30, 2002

Sports Editors/Golf Writers & Columnists

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SAN FRANCISCO & SCOTTSDALE, Ariz.--(BW SportsWire)--Jan. 30, 2002

Charles Schwab & Co., Inc. & Gaylord Sports Management today announced that professional golfer Phil Mickelson has agreed to a multi-year endorsement contract. Mr. Mickelson will appear in Schwab television and print advertisements, as well as provide personal appearances at select PGA TOUR events and Charles Schwab client events.

"I chose Charles Schwab because it is one of the most successful financial institutions in the world, and I have the opportunity to personally interact with its chairman and co-CEO, Chuck Schwab," said Mr. Mickelson. "I have been a client with Charles Schwab & Co., Inc. for some time now, and believe in their people and their services. I look forward to representing a leader in the industry. "

Recently earning his 20th PGA Tour victory at the 2002 Bob Hope Chrysler Classic, Mr. Mickelson now joins the ranks of 33 others with lifetime exemptions on the PGA Tour. At the end of the 2001 season, Mr. Mickelson was ranked 2nd in the world and posted 10 top-three finishes, including victories at the Buick Invitational and the Canon Greater Hartford Open. Mr. Mickelson is a four-time Ryder Cup team member ('01, '99, '97, '95) and four-time U.S. President's Cup team member ('00, '98, '96, '94).

"We're proud to have this outstanding leader in his sport representing our company. His dedication and integrity are symbolic of the commitment that our people at Schwab bring to serving investors," said Mr. Schwab.

Mr. Schwab and Mr. Mickelson are paired together for the AT&T Pebble Beach National Pro-Am tournament this weekend.

"Phil Mickelson is a strong addition to our presence within golf," said Jack Calhoun, Executive Vice President of Advertising & Brand Management. "Our association with Phil strengthens our relationship with the PGA TOUR. We have clients who are passionate golfers and golf fans who seek the same kind of help and advice with their portfolio that our professional golfers, such as Phil, receive from Schwab."

As the Official Investment Firm of the PGA TOUR and SENIOR PGA TOUR, Charles Schwab & Co., Inc. provides retirement plan services, brokerage services and trust services to TOUR players, administrators and the TOUR organization. As a marketing partner, Charles Schwab & Co., Inc. founded the Charles Schwab Cup in 2001 as a revolutionary new competition on the SENIOR PGA TOUR. Finally, Charles Schwab & Co., Inc. is an active advertiser within golf television and print outlets, featuring PGA TOUR and SENIOR PGA TOUR athletes and fans.

The Charles Schwab Corporation (NYSE:SCH), through Charles Schwab & Co., Inc. (member SIPC/NYSE), U.S. Trust Corporation, CyberTrader, Inc. (member SIPC/NASD) and its other operating subsidiaries, is one of the nation's largest financial services firms serving 7.8 million active accounts with $846 billion in client assets through 429 domestic offices, 5 regional client telephone service centers and automated telephonic and online channels. About 25% of Schwab's client assets and 10% of its client accounts are managed by approximately 6,000 third-party, fee-based investment advisors served through Schwab Institutional. The Charles Schwab, U.S. Trust and CyberTrader Web sites can be reached at www.schwab.com, www.ustrust.com and www.cybertrader.com, respectively. (0002-7225)

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