BellSouth Board of Directors Declares 81st Quarterly Dividend ATLANTA, Feb. 23 /PRNewswire-FirstCall/ -- The board of directors of BellSouth Corporation today declared a regular quarterly dividend of 25 cents per common share. The first-quarter dividend is payable May 3, 2004 to shareholders of record as of the close of business on April 8, 2004. BellSouth has nearly 1.9 billion shares outstanding in 700,000 registered shareholder accounts. This is the 81st consecutive quarterly dividend declared by BellSouth. About BellSouth Corporation BellSouth Corporation is a Fortune 100 communications services company headquartered in Atlanta, Georgia. BellSouth serves nearly 50 million local, long distance, Internet and wireless customers in the United States and 12 other countries. Consistently recognized for customer satisfaction, BellSouth provides complete communications solutions to the residential and business markets. In the residential market, BellSouth offers DSL high-speed Internet accessand long distance, advanced voice features and other services. The company's BellSouth Answers(SM) package combines local and long distance service with an array of calling features; wireless data, voice and e-mail services; and high- speed DSL or dial-up Internet service and Cingular Wireless. In the business market, BellSouth serves small, medium and large businesses providing secure, reliable local and long distance voice and data networking solutions. BellSouth also provides online and directoryadvertising services through BellSouth(R) RealPages.com(SM) and The Real Yellow Pages(R). BellSouth owns 40 percent of Cingular Wireless, the nation's second largest wireless company, which provides innovative wireless voice and data services. DATASOURCE: BellSouth Corporation CONTACT: LeAnn Hansen of BellSouth Corporation, +1-404-249-2839 Web site: http://www.bellsouth.com/

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