Edison International shareholders elect three new board members

ROSEMEAD, Calif., May 15, 2002 — Edison International and Southern California Edison (SCE) shareholders Tuesday elected noted business executives Bradford M. Freeman, Bruce Karatz and Richard T. Schlosberg III to the board of directors of each company.

“We are honored to have such high-caliber business and community leaders joining our boards,” said John E. Bryson, chairman, president and CEO of Edison International. “These additions to the Edison team continue our tradition of strong leadership, particularly as we move forward towards restoring the company’s financial health.”

Freeman is a founding partner of Freeman Spogli & Co., a privately owned investment firm dedicated to investing and partnering with management in middle-market companies positioned for strong growth. Karatz is chairman, president and CEO of KB Home, one of the largest homebuilders in the United States and France. Schlosberg has been president and CEO of The David and Lucile Packard Foundation since 1999. A 23-year veteran of the communications business, Schlosberg was publisher and CEO of the Los Angeles Times and executive VP and a director of The Times Mirror Co. from 1994-1997.

The trio of executives were nominated to fill the vacancies left by veteran board members whose retirements became effective at the conclusion of Tuesday’s EIX/SCE annual shareholder meetings, conducted in Ontario: Warren Christopher, Carl F. Huntsinger and Charles D. Miller. They represent 50 years of combined service to the Edison boards.

“These men served with distinction, were outstanding contributors and provided us the benefit of their extraordinary leadership,” said Bryson. “We are grateful for their distinguished service, wise counsel, consistent support and sound judgment, which have helped Edison International and SCE move steadily forward during their tenures.”

Edison International is the parent company of Southern California Edison, Edison Mission Energy, Edison Capital and Edison O&M Services.