Zurich Classic Moves to Tournament Players Club of Louisiana in 2005.

New Orleans, LA ( October 8, 2004 ) — The PGA TOUR, Fore!Kids Foundation and Zurich Financial Services (Zurich) jointly announced today a four-year agreement whereby Zurich will sponsor New Orleans’ annual TOUR event beginning in 2005.

The newly named Zurich Classic of New Orleans is scheduled for April 25-May 1, 2005, at the Tournament Players Club of Louisiana, which opened in April.

This marks the first time that the Swiss-based, leading Global insurance Group has sponsored a sporting event in the United States.

"Zurich is thrilled to be part of the tradition, excitement and good works that make the Zurich Classic of New Orleans a premier PGA TOUR event,” said Craig Fundum, Chief Marketing Officer for Zurich in North America. "There is no better place than New Orleans to host our U.S. and global business partners and clients. When you add to this the important work that the Fore!Kids Foundation does for children in the region, which mirrors our corporate principle of giving back to communities, you can see why this event was such a positive fit for Zurich.”

"We are extremely pleased to make this important announcement today, which assures the continued growth and charitable impact of the Classic,” said Henry Hughes, Chief of Operations for the PGA TOUR. "We’re excited that Zurich has identified the PGA TOUR as the ideal vehicle by which to grow its brand in the U.S. And in the Fore!Kids Foundation, it is aligning with an organization that has done a tremendous job of supporting children’s charities throughout the New Orleans area.”

The Fore!Kids Foundation, host organization for the tournament, had been seeking a new title sponsor since early this year.

"We are very excited about working with our new partner, Zurich, as well as our new host site, the TPC of Louisiana,” said tournament director John Subers. "We know that having Zurich’s global corporate presence and a brand new state-of-the-art facility will continue to enhance the prestige our tournament enjoys, and will allow us to resume our mission of helping children’s charities in the region.”

New Orleans has played host to a PGA TOUR tournament since 1938, when the Greater New Orleans Open Invitational was introduced at City Park Golf Club. The tournament was not held from 1949-1957, then resumed at City Park before moving to Lakewood Country Club in 1963 and then to English Turn Golf & Country Club in 1989. This year’s tournament, won by Vijay Singh, was the last held at English Turn. It now relocates to the TPC of Louisiana and a golf course designed by Pete Dye, with input from player consultants Steve Elkington and Kelly Gibson.

About Zurich Financial Services Zurich Financial Services (www.zurich.com) is an insurance-based financial services provider with a global network that focuses its activities on its key markets in North America and Europe. Founded in 1872, Zurich is headquartered in Zurich, Switzerland. Through its offices in more than 50 countries, 62,000 Zurich employees serve clients in more than 120 countries. In North America (www.zurichna.com), Zurich is a leading commercial property-casualty insurance provider serving the large global corporate, middle market and small business sectors.

Also a member of the Zurich global network in North America is the Farmers Insurance Group (www.farmers.com). Farmers is the third largest personal lines insurance group in the United States, providing auto, home, specialty, small business, life and investment products.

About the Fore!Kids Foundation The Fore!Kids Foundation produces the annual stop on the PGA TOUR in New Orleans. The Foundation also hosts an annual American Junior Golf Association (AJGA) event at the Tournament Players Club of Louisiana, a summer Junior Golf Program, the Golf Ball (a black tie gala) as well as a series of events in which amateurs participate and the proceeds are distributed to a specific charity. In the last five years alone, the Foundation has been able to raise more than $5 million for area charities. Additionally, the Fore!Kids Foundation, through the PGA TOUR event, provides an estimated $24 million in annual economic impact to the City and State. The tournament is televised to an international audience, allowing millions of people to see some of the area’s greatest attractions.

About the PGA TOUR: The PGA TOUR is a tax-exempt membership organization of professional golfers. Its primary purpose is to provide competitive earnings opportunities for past, current and future members of the PGA TOUR, Champions Tour and Nationwide Tour; to protect the integrity of the game; and to help grow the reach of the game in the U.S. and around the world.

Approximately 110 events are being contested on the three Tours in 2004, for nearly $310 million in prize money. In addition to providing competitive opportunities for its membership, TOUR events also generate significant sums of money for charity. TOUR events have raised more than $820 million for charity since 1938, the first year such records were kept. The PGA TOUR’s Web site address is www.pgatour.com.

About the TPC of Louisiana: The Tournament Players Club of Louisiana is a public access, daily fee golf facility owned and operated by PGA TOUR Golf Course Properties, Inc. The facility is located 15 minutes from the world-famous French Quarter and downtown New Orleans. The golf course was designed by renowned golf course architect Pete Dye with input from PGA TOUR player consultant Steve Elkington and associate player consultant Kelly Gibson, a native New Orleanian. For more information on the TPC of Louisiana, please contact Brad Giacone at 1-866-NOLA-TPC or visit the website at www.tpc.com. The site features video and audio interviews with Dye, the course layout and scorecard, as well as updated photos and news.