XOM Exxon Mobil Corp

The ExxonMobil Foundation announced today its commitment of $1 million to help build a national memorial to Martin Luther King, Jr. The Memorial celebrating the life and legacy of Dr. Martin Luther King, Jr. will be built on the National Mall in Washington, D.C. "Martin Luther King, Jr. devoted his life to fighting for equality for all mankind," said Gerald McElvy, President of the ExxonMobil Foundation. "This Memorial is a great testament to his impact on civil and human rights, not only in this nation but the world at large. We're proud to be involved in this tribute to Dr. King's life and legacy. It is fitting that we make this announcement at the Alpha Phi Alpha 2006 Centennial Convention given Dr. King's active and proud involvement with the fraternity, which in turn has played a pivotal role in making this Memorial a reality." The four-acre Memorial will be situated along the Tidal Basin adjacent to the F.D.R. Memorial and in a direct line between the Lincoln and Jefferson Memorials. Congress passed Joint Resolutions in 1996 authorizing Alpha Phi Alpha Fraternity, Inc. to establish a memorial honoring Dr. King to be built in Washington, D.C. "We appreciate the generous contribution of the ExxonMobil Foundation to the Martin Luther King National Memorial," said Harry E. Johnson, Sr., president and CEO of the Washington, D.C. Martin Luther King, Jr. National Memorial Project Foundation, Inc. "This $1 million contribution increases the Memorial's fund-raising total to $61 million of the needed $100 million to complete the project, including its lifetime maintenance." Groundbreaking on the Memorial is scheduled for late 2006, and construction is expected to be completed in 2008. The mission of the Martin Luther King National Memorial Project is to commemorate the life and work of Dr. Martin Luther King, Jr. by leading a collaborative funding, design, and construction process in the creation of a memorial to honor his national and international contributions to world peace through non-violent social change. In August, Congress authorized $10 million in matching funds for the Memorial. To learn more, please visit www.buildthedream.org. ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation (NYSE:XOM) in the United States. The Foundation and the Corporation engage in a range of philanthropic activities focusing on the communities where Exxon Mobil Corporation has significant operations. In addition, the Foundation supports research and dissemination on selected topics of interest to the energy industry. In 2005, ExxonMobil Foundation, Exxon Mobil Corporation, and its divisions and affiliates provided $133 million in contributions worldwide. Additional information on ExxonMobil's community partnerships and contribution programs is available at www.exxonmobil.com/community.