Press Release

WellPoint Announces Appearance at Upcoming Investor Conference

THOUSAND OAKS, Calif.--(BUSINESS WIRE)--June 22, 2004--WellPoint Health Networks Inc. (NYSE:WLP), the nation's second largest health insurer, today announced that members of its senior management are currently scheduled to appear at the Wachovia Securities 14th Annual Nantucket Conference on Friday, June 25, 2004.

WellPoint's presentation is expected to begin at approximately 9:30 a.m. Eastern time. Investors, analysts and the general public are invited to listen to this presentation free on the Internet by visiting Statistical and other financial information discussed during the presentation will also be available on the Web site. A replay of the web cast will not be available.

To listen to the live web cast, please visit the WellPoint Web site at least 20 minutes early to download and install any necessary audio software. Individuals who listen to the call will be presumed to have read WellPoint's Annual Report on Form 10-K for the year ended December 31, 2003, as amended by Amendment No. 1 on Form 10-K/A, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2004.

Conference date and time are subject to change and are based upon current expectations.

About WellPoint

WellPoint Health Networks Inc. serves the health care needs of more than 15.3 million medical members and approximately 46 million specialty members nationwide through Blue Cross of California, Blue Cross Blue Shield of Georgia, Blue Cross Blue Shield of Missouri, Blue Cross Blue Shield of Wisconsin, HealthLink and UNICARE. Visit WellPoint on the web at Blue Cross of California, Blue Cross Blue Shield of Georgia, Blue Cross Blue Shield of Missouri, and Blue Cross Blue Shield of Wisconsin are independent licensees of the Blue Cross and Blue Shield Association.

    CONTACT: WellPoint Health Networks Inc.
             Angie McCabe, 805-557-6796

    SOURCE: WellPoint Health Networks Inc.
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