XOM Exxon Mobil Corp

ExxonMobil Foundation announced today that it will make an additional $10 million in grants available to front-line health care workers and researchers combating malaria and other diseases in Africa in 2007. The grants will be part of the company�s Africa Health Initiative. The announcement will be made by Dr. Steven Phillips, Medical Director, Global Issues and Projects, during the White House Summit on Malaria on December 14, 2006. This historic Summit, hosted by President and Mrs. George W. Bush, will convene leading global health experts, malaria advocates, elected officials, leading nonprofit organizations and corporations. Since 2000, ExxonMobil has donated nearly $100 million in community and social development programs, including grants to organizations working in Africa through the Africa Health Initiative. �We do more than write checks,� said Phillips, an internationally recognized public health expert. �We are fully engaged in the fight against infectious disease in many ways, ranging from lending chemical technology for developing better bednets to employing our service stations as distribution centers to using our management experience to help reform the global response to the epidemic.� ExxonMobil is the largest non-pharmaceutical corporate donor to malaria research and development efforts and the largest corporate donor to the President�s Malaria Initiative (PMI). Phillips will join other speakers at the White House Summit including Secretary of State Condoleezza Rice and Melinda Gates, cofounder of the Bill & Melinda Gates Foundation. ExxonMobil is the only corporation invited to offer formal comments at the historic event. In addition to Phillips, ExxonMobil senior vice president Steve Simon and Mike Fry, ExxonMobil Production Company, Vice President, Africa, helped convene the Summit participants and malaria advocates at a pre-conference reception hosted December 13 by ExxonMobil in Washington, DC. �ExxonMobil is honored to join organizations like the World Bank, the Global Fund to Fight AIDS, Tuberculosis and Malaria, and Roll Back Malaria in discussing our collaborative work in combating the deadly disease,� said Simon. ExxonMobil is one of two private sector representatives to the board of Roll Back Malaria, an international partnership of the major global multilateral organizations. Each year, malaria accounts for approximately one million deaths, mostly among young children in sub-Saharan Africa. ExxonMobil is one of the largest foreign direct investors in Africa, and retains thousands of employees and associated workers on the continent. The continent accounts for more than 25 percent of the corporation's net liquids production and is one of the largest growth areas in the company's production portfolio. �Our leadership in this field is essential for our business. The scale of the malaria epidemic makes it impossible to ignore for any company doing business in Africa,� said Fry.