AT&T Awards More Than 2,000 Students Nationwide with $5 Million in Scholarships

San Antonio, Texas, August 22, 2006, As the fall school semester approaches, the AT&T Foundation, the philanthropic arm of AT&T Inc. (NYSE:T), renews its commitment to providing attainable higher education for college students and their families. Today, the AT&T Foundation announced that it has awarded more than $5 million in college scholarships to more than 2,000 children of AT&T employees and retirees.

Since the AT&T Foundation began its scholarship program in 1993, it has invested $45 million in student scholarships, providing financial assistance to more than 15,000 students. For the upcoming 2006 — 2007 school year, 630 students will receive AT&T Foundation scholarships for the first time, and 1,434 students will renew their scholarships.

“According to The College Board’s 2005 ’Trends in College Pricing’ report, tuition and fees continue to rise at two- and four-year colleges and universities,” said Jim Ciccone, chairman of the AT&T Foundation. “Our scholarship program is an extension of the AT&T Foundation’s commitment to making higher education more attainable for all students.”

AT&T Foundation scholarships are awarded to students pursuing undergraduate study at accredited four-year and two-year colleges and universities as well as military academies in the United States. Students who maintain specified academic guidelines can renew their scholarships annually. The competitive scholarship selection process is based on an individual’s overall merit, including academics, leadership skills and work experience.

Students attending two-year colleges will each receive a $1,500 scholarship; those attending four-year colleges or universities will each receive a $2,500 scholarship; and those attending military academies will receive a one-time honorarium of $2,000 from the AT&T Foundation.

“The AT&T Scholarship Program is designed to help student achievement and success as part of the Foundation’s education initiative,” said Laura Sanford, president of the AT&T Foundation. “We’d like to congratulate this year’s scholarship recipients on their many successes in pursuit of a higher education and for receiving an award in this highly competitive scholarship program.”

Education is a primary funding priority for the AT&T Foundation. Since 1996, the AT&T Foundation has distributed more than $219 million to fund education programs that promote academic excellence for all students.

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About the AT&T Foundation
The AT&T Foundation, the philanthropic arm of AT&T Inc., supports programs that build communities and improve access to information technologies, technology training and professional skills development. The AT&T Foundation will provide more than $60 million in 2006 in charitable contributions, thereby placing it among the top five largest corporate foundations in the country. The AT&T Foundation combines over 40 years and $1.7 billion of philanthropic commitment to communities across the country.

About AT&T
AT&T Inc. is one of the world’s largest telecommunications holding companies and is the largest in the United States. Operating globally under the AT&T brand, AT&T companies are recognized as the leading worldwide providers of IP-based communications services to business and as leading U.S. providers of high speed DSL Internet, local and long distance voice, and directory publishing and advertising services. AT&T Inc. holds a 60 percent ownership interest in Cingular Wireless, which is the No. 1 U.S. wireless services provider with 57.3 million wireless customers. Additional information about AT&T Inc. and AT&T products and services is available at www.att.com.

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Karen Oddy James

AT&T Inc.

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