WASHINGTON - The Washington Post Company said today that its Board of Directors has approved an increase in the annual dividend rate on the company's common stock from $5.00 to $5.20 per share.

The dividend for the first quarter of 1999, $1.30 per share, is payable on February 5, 1999, to shareholders of record on January 25, 1999.

Contact:
John B. Morse, Jr.
(202)334-6662