PHILADELPHIA, Pa., April 29, 2005 —
Aetna (NYSE: AET) today announced that shareholders elected all of the company’s 11 nominees to the Board of Directors and ratified the appointment of the company’s independent registered public accountants. In addition, shareholders approved the continued use of certain performance criteria under Aetna’s 2000 Stock Incentive Plan and 2001 Annual Incentive Plan.
Based on preliminary vote counts, shareholders also approved two non-binding shareholder proposals which the company had opposed. Final vote calculations will not be completed for several days. The first was a proposal to implement cumulative voting in the election of directors. The second was a proposal relating to the expensing of stock options. As stated in the Proxy Statement, Aetna already has committed to expensing options when it is required to do so (currently January 1, 2006). Aetna’s Board takes seriously the views of its shareholders as expressed through the voting process. The Board will review each of these matters again at a future meeting.
As one of the nation’s leading providers of health care, dental, pharmacy, group life, disability and long-term care benefits, Aetna puts information and helpful resources to work for its approximately 14.4 million medical members, 12.8 million dental members, 9.0 million pharmacy members and 14.0 million group insurance members to help them make better informed decisions about their health care and protect their finances against health-related risks. Aetna provides easy access to cost-effective health care through a nationwide network of more than 672,000 health care professionals, including approximately 400,000 primary care and specialist doctors and 4,084 hospitals. For more information, please visit www.aetna.com. (Figures as of March 31, 2005)