May 31, 2002

FOR IMMEDIATE RELEASE

NATIONAL MEDIATION BOARD

Contact: NMB Public Information Line -- (202) 692-5050

Re: Continental-Micronesia Airlines and the IBT Reach Tentative Agreement

The National Mediation Board is pleased to announce that Continental-Micronesia Airlines and the International Brotherhood of Teamsters (IBT), working with an NMB Mediator, reached a tentative contract agreement on May 23, 2002, covering the craft or class of Mechanics and Related, Material Service--Stock Clerks. The agreement is subject to union member ratification.

Specific information regarding the contract or its provisions should be obtained directly from the parties.

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