Dividend Declaration

    AT&T Timetable for Paying Special Merger-Related Dividend

    BEDMINSTER, N.J., Nov. 14 -- AT&T Corp. (NYSE: T) announced today that it 
expects to pay the special dividend of $1.30 per share that was previously 
announced in connection with the pending merger of AT&T and a subsidiary of 
SBC Communications Inc. to holders of record of shares of AT&T common stock 
immediately prior to the consummation of the merger.  
    AT&T and SBC expect that they could receive the last regulatory approval 
necessary to close the merger as early as November 18, 2005, and the merger 
could be consummated shortly after receipt of that approval.   
    AT&T will pay the special dividend on the effective date of the merger.  
If the pending merger is not consummated, AT&T will not pay the special 
dividend.
    The special merger-related dividend will be paid to approximately 2.3 
million shareowners. 

    About AT&T
    For more than 125 years, AT&T (NYSE "T") has been known for unparalleled 
quality and reliability in communications.  Backed by the research and 
development capabilities of AT&T Labs, the company is a global leader in 
local, long distance, Internet and transaction-based voice and data services.

    Logo: http://www.newscom.com/cgi-bin/prnh/19991018/ATT

SOURCE  AT&T Corp.
    -0-                             11/14/2005
    /CONTACT:  Jim Byrnes, [phone] - office, [phone] (wireless), 
[e-mail], or Andy Backover [phone] - office,  
[phone] - wireless, or [e-mail], both of AT&T /
    /Photo:  http://www.newscom.com/cgi-bin/prnh/19991018/ATT /
    /Web site:  http://www.att.com /
    (T)




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