FOR IMMEDIATE RELEASE
DIME ANNOUNCES ANNUAL MEETING VOTE COUNT
NEW YORK, July 28, 2000 - Dime Bancorp, Inc. (NYSE: DME) announced
today the vote count from its annual stockholder meeting held July 14, 2000. The
holders of 79.1 million, or 71%, of the shares of common stock outstanding were
represented in person or by proxy at the meeting and a quorum was present. On
the proposal to reelect the five directors nominated, the holders of 30% of the
shares represented at the meeting voted for their election. Holders of 70% of
the shares represented at the meeting withheld authority from the named proxies
to cast votes for the reelection. The results were preliminarily certified today
by CT Corporation System, the Independent Inspector of Election. The five
directors, each of whom received not less than 23.7 million votes, are: J.
Barclay Collins II, James F. Fulton, Virginia M. Kopp, Sally Hernandez-Pinero,
and Lawrence J. Toal. Dime believes that under its charter and by-laws these
directors will not need to be proposed again for reelection until its 2003
annual meeting. That position, however, is the subject of litigation in Delaware
Chancery Court.
Commenting on the vote, Lawrence J. Toal, Chief Executive Officer of
Dime said, "We understand our stockholders' desire for increased stockholder
value and we are confident that the steps we put in place at the conclusion of
an exhaustive review of strategic options have set in motion a process to
accelerate our strategy for enhancing that value. The investment by Warburg
Pincus and the election of Tony Terracciano, a well-respected banking veteran,
as chairman of Dime, are key steps that will, we believe, lead to increased
stockholder value."
Dime Bancorp is the parent company of The Dime Savings Bank of New
York, FSB (www.dime.com), a regional bank serving consumers and businesses
through 127 branches located throughout the greater New York City metropolitan
area. Directly and through its mortgage banking subsidiary, North American
Mortgage Company (www.namc.com), Dime also provides consumer loans, insurance
products and mortgage banking services throughout the United States.
Investors are urged to read (1) Dime's solicitation/recommendation
statement filed with the Securities and Exchange Commission on Schedule 14D-9 on
March 21, 2000 with respect to North Fork Bancorporation Inc.'s hostile exchange
offer, (2) Dime's tender offer statement on Schedule TO when filed with the SEC
in connection with Dime's proposed Dutch Auction tender offer, as well as any
amendments or supplements to these statements when they become available,
because they contain important information. Each of these documents has been or
will be filed with the SEC and investors may obtain them for free from the SEC
at the SEC's website (www.sec.gov) or from Dime by directing such request to:
Dime Bancorp, Inc., Investor Relations Dept., 589 Fifth Avenue, New York, NY
10017, telephone 1-212-326-6170, or to Innisfree M&A Incorporated at
1-888-750-5834.
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CONTACT:
Dime Bancorp, Inc., New York Abernathy MacGregor Group, New York
Franklin Wright Mike Pascale/Rhonda Barnat
212/326-6170 212/371-5999
