A Message from the CEO

From: John Sidgmore
Sent: Friday, August 09, 2002 12:44 AM
Subject: A Message from the CEO

A Message from the CEO

Today we disclosed that our internal financial review uncovered an additional $3.3 billion in improperly reported earnings before interest, taxes and depreciation and amortization (EBITDA) from 1999, 2000, 2001 and the first quarter of 2002. In light of this announcement, we will restate our 2000 financial statements in addition to our previous intention to restate 2001 and first quarter 2002.

This discovery is very disappointing to me -- as I’m sure it is to you. And it is quite possible that as our investigation continues we will find other questionable entries. The important thing to remember is that we are committed to getting to the bottom of any irregularities and disclosing them promptly so that everyone can be confident in our numbers as we work to restore the company’s credibility. We will be open and forthright, and we will operate the company at the highest standards of integrity.

You have my pledge that the senior management team and I are doing everything we can to make WorldCom the kind of company you can be proud of again. With your continued hard work and support we will achieve this goal.

As I alerted you when we filed for bankruptcy protection, I need your help. Your continued dedication is critical to maintaining customer confidence. This restatement in no way affects our ability to provide great services to customers -- we are simply correcting misstatements from the past. It has no impact on the company’s cash position. Please help us reinforce the message that WorldCom is capable of and dedicated to serving customers with outstanding quality.

Yesterday we had our first meeting with our Official Committee of Unsecured Creditors. We expressed our clear intention to work to continue the quality of our service to customers along with a commitment to working with them for a consensual reorganization plan. This was a very productive meeting and an important first step in the reorganization process.

This is a very trying time. Many of us have spent years, or even all of our careers dedicated to bringing competition, choice and innovation to the telecommunications market and we are justifiably proud of our accomplishments. The criticism of the company coming from all quarters is painful, but those of us that worked honestly to build our company have nothing to be ashamed of.

I know that no one of us is immune to the way WorldCom has been dragged through the mud on television, newspapers and even the distinguished halls of Congress. Although the effects can be disheartening, I hope you will join me in not letting the public criticism reflect on your professional integrity and focus. We cannot change the past, but together we can affect the course of WorldCom's future.

Thank you for your continued support and dedication.

John Sidgmore

----
WorldCom, Inc. Corporate Employee Communications