THE DEAL REVEALS WALL STREET'S DEEP POCKETS AND BIG HEARTS FOCUSED ON HELPING OTHERS LEARN

The newsweekly also carries comprehensive coverage of former Salomon M&A co-chief David Wittig's legal troubles, TA Associates' unorthodox investing strategy and serial entrepreneur Reed Hasting's role in shaping California s public education

December 16, 2002--New York, N.Y.--The Deal (www.TheDeal.com), the newsweekly serving the deal community, today profiles a diverse group of dealmakers and firms committed to supporting educational causes, foundations and institutions in its third annual special report on Wall Street giving.

Despite a tough year for Wall Street, The Deal's assistant managing editor Alison Rogers reports that the flow of giving from individuals and firms has not stopped, though it has scaled back to concentrate on core causes, specifically educationally focused charities. Wall Street's passion appears to reflect that of the country: education is the second-largest philanthropic category after religion, attracting 13.8% of all donations, according to the latest Giving USA report of the American Association of Fund-Raising Counsel Trust for Philanthropy.

The Deal provides a look at 13 wide-ranging initiatives, all linked by their efforts to give back by helping others learn. Some are large endowment grants to universities and others involve time, commitment, entrepreneurship and inspiration. Among the mosaic of profiles are stories written by Rogers and senior writer Laura Board about the following contributions:

• Carl Icahn and the Icahn Family Foundation gave Princeton University $20 million to build a state-of-the-art genomics laboratory, named the Carl C. Icahn Laboratory.

• Steve Mariotti founded the National Foundation of Teaching Entrepreneurship, which draws backing from a number of major banks.

• Freshfields Bruckhaus Deringer lawyers help some of London's poorest children by tutoring at Redlands Primary School and Haggerston School in Hackney, a north borough.

• Camp Haze, a camp for the children of World Trade Center victims, was established in the memory of Scott Hazelcorn, a Cantor-Fitzgerald employee.

• Citigroup chairman Sanford Weill and his wife gave $100 million to Cornell University earmarked for the Weill Medical College, based in New York City.

• Fleet Boston Financial Corp. has made a significant financial commitment to Boston's public schools and is folding the program into a greater pattern of support - from volunteerism to hiring students for summer jobs.

• Cynthia Remec, a Wall Street executive coach, hooks up investment bankers with nonprofit boards, such as Volunteers of America and Patrons Program, which works with Catholic elementary schools.

The newsweekly's fifth issue includes three features that demonstrate The Deal's sophisticated, behind-the-scenes coverage of the dealmaking world. This week's "M&A News in Review" column by senior writer Claire Poole, focuses on the scandals of David Wittig, formerly Westar Energy's CEO and Salomon M&A co-chief, who was indicted Nov. 7 on charges that he engaged in bank fraud with former Capital City Bank president Clinton Odell Weidner II. Senior writer David Carey delves into the winning formula Boston-based private equity firm TA Associates. With $5 billion under management, Carey describes how the 34-year-old firm's success comes from investing in high-growth, non-capital-intensive companies and exiting holdings in technology companies despite adverse times. For the "Corporate dealmaker" column, senior writer Matt Miller profiles Reed Hastings, CEO of Netflix, his latest startup, and president of California State Board of Education, where he brings entrepreneurial vision to policy work.

About The Deal
The Deal is a diversified media company dedicated to providing must-read financial news, commentary, data and services to corporate and financial dealmakers, their advisers and investors worldwide. Through The Deal, The Daily Deal, TheDeal.com and Corporate Control Alert, the company gathers, reports and disseminates information that offers a detailed look at transactions, industry sectors and financial services, along with the personalities and players who are the central figures driving change in the global economy. Investors in The Deal, a privately held company, include majority owner U.S. Equity Partners, a private investment fund sponsored by Wasserstein & Co. LP, and Rustic Canyon Ventures, one of the largest venture capital funds in Southern California.