BURBANK, Calif., February 16, 2005 – A presentation and general discussion with Andy Bird, President, Walt Disney International, The Walt Disney Company (NYSE: DIS), will be hosted by Smith Barney Citigroup at its Leisure Day Conference on Thursday, February 17, 2005, at 11:05 a.m. EST/8:05 a.m. PST. To listen to a live Web cast of the session, please point your browser to www.disney.com/investors approximately five minutes prior to the start time. A re-play will be provided through Thursday, February 24, 2005, at 4:00 p.m. PST.