AT&T Announces Preliminary Results of 2008 Annual Meeting

14 Current Board Members Re-Elected for One-Year Terms

San Antonio, Texas, April 25, 2008

AT&T Inc. (NYSE:T) has announced that, at the 24th annual meeting of stockholders, 14 current board members were re-elected to the company's board of directors for one-year terms. The board members are:

• Randall L. Stephenson
• William F. Aldinger III
• Gilbert F. Amelio
• Reuben V. Anderson
• James H. Blanchard

• August A. Busch III
• James P. Kelly
• Jon C. Madonna
• Lynn M. Martin
• John B. McCoy

• Mary S. Metz
• Joyce M. Roché
• Laura D'Andrea Tyson
• Patricia P. Upton

Each board member won at least 96.6 percent of the shares voted. Two board members — Charles F. Knight and Toni Rembe — retired today.

Based on preliminary results, AT&T stockholders voted to approve the following item proposed by the board of directors:

• The ratification of the appointment of Ernst & Young LLP as the company's independent auditor, with 98.0 percent of shares cast in favor and 2.0 percent cast against.

AT&T stockholders also voted on the following proposals from stockholders at the meeting:

• A proposal recommending additional reporting of political contributions made by AT&T, which was defeated by a vote of 68.1 percent against to 31.9 percent in favor.
• A proposal asking AT&T to exclude return on pension plan assets in determining performance-based compensation, which was defeated by a vote of 54.2 percent against to 45.8 percent in favor.
• A proposal to amend the AT&T bylaws to require an independent lead director, which was defeated by a vote of 60.6 percent against to 39.4 percent in favor.
• A proposal to modify benefits under AT&T's supplemental executive retirement plan, or SERP, which was defeated by a vote of 64.2 percent against to 35.8 percent in favor.
• A proposal calling for an advisory vote by stockholders to approve compensation for named executive officers, which was defeated by a vote of 56.3 percent against to 43.7 percent in favor.

When they are available, final results of voting will be posted on AT&T's Web site at www.att.com/investor.relations.

About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at www.att.com.

© 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.

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