SCHEDULE 14A INFORMATION
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Washington Mutual, Inc.
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[LOGO] Washington 1201 Third Avenue NEWS RELEASE
Mutual P.O. Box 834
Seattle, WA 98111
Media Contact: Washington Mutual
Bill Ehrlich
1-800-228-9268
Gavin Anderson & Company
Hollis Rafkin-Sax
212-373-0231
Investor Contact: Washington Mutual
JoAnn DeGrande
206-461-3186
June 2, 1997
FOR IMMEDIATE RELEASE
WASHINGTON MUTUAL REBUTS AHMANSON MISSTATEMENTS
SEATTLE, Washington -- Washington Mutual, Inc. (Nasdaq: WAMU)issued the
following statement today condemning H.F. Ahmanson's (NYSE: AHM) blatant
attempt to mislead investors regarding the status of Washington Mutual's OTS
application for approval to merge with Great Western Financial Corporation
(NYSE: GWF).
"This is Ahmanson's most desperate attempt yet to mislead investors
through the announcement of spurious issues. Ahmanson made the same baseless
arguments to the Office of Thrift Supervision on several occasions when the OTS
was processing Washington Mutual's application. Ahmanson's arguments ignore
the clear language of the law as well as subsequent OTS interpretive letters.
As previously announced, Washington Mutual's application was declared
informationally complete by the OTS on May 20, and Washington Mutual expects
to receive OTS approval in the very near future in accordance with the OTS'
normal procedures."
With a history dating back to 1889, Washington Mutual is a diversified
financial services company focusing on families and small and mid-sized
businesses. As of March 31, 1997, Washington Mutual and its subsidiaries
had consolidated assets of $46.1 billion and operated more than 550 offices
in Washington, California, Idaho, Utah, Montana, Arizona, Colorado and
Nevada. The company's subsidiaries provide consumer and commercial banking,
full-service securities brokerage, mutual fund management and insurance
underwriting.
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