Countrywide to Become the Presenting Sponsor of the Target World Challenge

LOS ALAMITOS, CA – Countrywide Financial Corp. will become the presenting sponsor of the Target World Challenge presented by Countrywide, the Tiger Woods Foundation’s annual PGA TOUR event. This year’s tournament will take place December 7-11, 2005, at Sherwood Country Club in Thousand Oaks, Calif.

The $5.5 million Target World Challenge presented by Countrywide is a 72-hole, stroke play event. The four-day tournament features a 16-player field with the top 11 players from the Official World Golf Rankings, the defending champion and four special exemptions. The winner takes home a $1.2 million prize. This event raises funds for charities supported by the Tiger Woods Foundation, including the Tiger Woods Learning Center and the Start Something character development program.

“We are very pleased Countrywide will take on the role of presenting sponsor for the Target World Challenge presented by Countrywide,” Greg McLaughlin, President of the Tiger Woods Foundation, said. “Countrywide has been a great supporter of both the golf tournament and the Foundation for the last six years, and we are looking forward to continuing this partnership with many successful events.”

“We take immense pride in our support of the annual Tiger Woods Foundation PGA Tour Event, and we are truly proud and excited to step up this year and take a leadership role as a principal sponsor,” said Andy Bielanski, Countrywide Senior Managing Director of Marketing and Public Relations. “We’re looking forward to our continued relationship with the Foundation.”