AT&T Declares Third-Quarter Dividend

San Antonio, Texas, September 28, 2007

The board of directors of AT&T Inc. (NYSE:T) today declared a quarterly dividend of $0.355 a share on the company’s common shares. The third-quarter dividend is payable on November 1, 2007, to stockholders of record at the close of business on October 10, 2007.

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AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at www.att.com.

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