WHAT:       The results of a new national survey of companies in the
            United States about  "cyber-risk" - and the lack of
            preparedness by many firms for the risks of doing business
            on the Internet - will be announced at a news conference
            by The St. Paul Companies (NYSE:SPC).
WHEN:       9:30 a.m. PDT Wednesday, June 12, 2002
WHERE:      The Argent Hotel (50 Third Street, between Mission and
            Market Streets)
            San Francisco, California
AGENDA:     9:00 a.m.: Registration; light buffet breakfast available
            9:30 a.m:   Opening statements
                        Followed by Q&A session
            (Post-news conference interviews also available)
WHO:        The independent public opinion firm Schulman, Ronca, &
            Bucuvalas, Inc. (SRBI) undertook the survey on behalf of
            The St. Paul Companies.  Representatives of The St. Paul
            and SRBI will deliver the findings and be available for
            questions.
WHY:        E-commerce and reliance of businesses on information
            technology is giving rise to new liability risks for all
            types of corporations. This is the second annual survey
            conducted by The St. Paul to gauge the preparedness of
            companies for the emerging risks of "e-technology."
INQUIRIES:  For further information contact:
            Patrick Hirigoyen, The St. Paul Companies;
            tel. 651/310-7598,  e-mail pat.hirigoyen@stpaul.com; or
            Kim O'Connell, The St. Paul Companies; tel. 651/310 2883,
            e-mail kim.o'connell@stpaul.com