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Policy Statement on Poison Pills

ExxonMobil does not have a 'poison pill' or shareholder rights plan and the Board considers it unlikely that such a plan would be considered in the future.

If ExxonMobil ever were to adopt a rights plan, the Board would seek prior shareholder approval of the plan unless, due to timing constraints or other reasons, a committee consisting solely of independent directors determines that it would be in the best interests of shareholders to adopt a plan before obtaining shareholder approval.

If a rights plan is adopted without prior shareholder approval, the plan must either be ratified by shareholders or must expire, without being renewed or replaced, within one year.

February 26, 2003

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