Press Release

WellPoint Announces Appearance at Upcoming Investor Conference

THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Feb. 27, 2004--WellPoint Health Networks Inc. (NYSE:WLP), the nation's second largest health insurer, today announced that members of its senior management are currently scheduled to appear at the Raymond James & Associates Institutional Investors Conference on Wednesday, March 3, 2004.

WellPoint's presentation is expected to begin at approximately 8:40 a.m. Eastern time. Investors, analysts and the general public are invited to listen to this presentation free on the Internet by visiting Statistical and other financial information discussed during the presentation will also be available on the website. A replay of the webcast will not be available.

To listen to the live webcast, please visit the WellPoint website at least 20 minutes early to download and install any necessary audio software. Individuals who listen to the call will be presumed to have read WellPoint's Annual Report on Form 10-K for the year ended December 31, 2002 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2003, June 30, 2003 and September 30, 2003.

Conference date and time are subject to change and are based upon current expectations.

About WellPoint

WellPoint Health Networks Inc. serves the health care needs of more than 15 million medical members and approximately 46 million specialty members nationwide through Blue Cross of California, Blue Cross and Blue Shield of Georgia, Blue Cross and Blue Shield of Missouri, Blue Cross and Blue Shield of Wisconsin, HealthLink and UNICARE. Visit WellPoint on the web at Blue Cross of California, Blue Cross and Blue Shield of Georgia, Blue Cross and Blue Shield of Missouri, and Blue Cross Blue Shield of Wisconsin are independent licensees of the Blue Cross and Blue Shield Association.

    CONTACT: WellPoint Health Networks Inc.
             Heather Rim, 805-557-6749

    SOURCE: WellPoint Health Networks Inc.
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