Tom Staggs, Senior Executive Vice President And CFO, The Walt Disney Company, And ESPN And ABC Sports President George Bodenheimer To Speak At CSFB And UBS Warburg Investor Conferences

BURBANK, Calif., Dec. 8, 2003 – Tom Staggs, senior executive vice president and chief financial officer of The Walt Disney Company (NYSE: DIS) and George Bodenheimer, president of ESPN and ABC Sports will appear at Credit Suisse First Boston’s Media and Telecom Week and UBS Warburg’s 31st Annual Media Week Conferences on Wednesday, December 10, 2003 at 12:15 p.m. EST. The presentations will discuss operating results and business strategies for the ESPN portion of the Company’s cable business and a broad discussion of other Disney business lines.

Their presentations will be available live via listen-only web cast. Please point your browser approximately five minutes prior to the start time. A replay will be provided through Wednesday, December 17, 2003 at 5:00 PM PST on the same Web site.