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Kaplan, Inc., to Present at the Merrill Lynch Advertising, Publishing & Education Investor Conference

Event to be Webcast Live

WASHINGTON, Feb 21, 2003 -- Kaplan, Inc., a wholly-owned subsidiary of The Washington Post Company (NYSE: WPO), will make a presentation to the investment community at Merrill Lynch's annual Advertising, Publishing & Education Conference on February 26, 2003. Jonathan Grayer, chairman and chief executive officer of Kaplan, will speak at 12 noon EST. The event will be held at the New York Palace Hotel in New York City.

The presentation will cover Kaplan and its four operating units, Kaplan Test Prep and Admissions, Kaplan Professional, Kaplan Higher Education, and SCORE!, including information on the current status and prospects for its education and career services businesses. Kaplan, Inc. is one of the nation's premier providers of educational and career services for individuals, schools and businesses.

The event will be webcast live and will be available on the home page of The Washington Post Company's web site, The webcast will be available in Real Player and Microsoft Media Player and will take the form of audio stream. Those who wish to hear the live webcast should allow 15 minutes to access the home page of The Washington Post Company's web site and click on the Merrill Lynch link. A replay of the presentation will be available within 24 hours after the presentation and accessible online through March 12, 2003.

Grayer's presentation may contain certain forward-looking statements that are based largely on the Company's current expectations and are to be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to certain risks and uncertainties that could cause the actual results and achievements to differ materially from those expressed in the forward- looking statements. For more information about these forward-looking statements and related risks, please refer to the section titled "Forward- looking Statements" in Part 1 of The Washington Post Company's Annual Report on Form 10-K and the section titled "Risk Factors" under "Shareholder Information" on

SOURCE The Washington Post Company

CONTACT: Melissa Mack of Kaplan, Inc., +1-212-492-5849

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