FOR IMMEDIATE RELEASE 99-96 Duncan King, SEC Public Affairs Deputy Director, to Leave Commission for Private Sector Washington, DC, August 10, 1999 -- Duncan King, Deputy Director of the Securities and Exchange Commission's Office of Public Affairs, today announced that he will leave the Commission on August 17, 1999 to return to the private sector. Mr. King, 26, who has served at the Commission for three years, will become Vice President in the Media and Public Relations Department at Salomon Smith Barney, a member of Citigroup. SEC Public Affairs Director Chris Ullman said, "Duncan has served the Commission and the public with great distinction. His departure is a tremendous loss to the Commission and to me personally. He has been a superb advisor and a good friend. We will all miss him. Duncan's new colleagues will benefit greatly from his boundless energy, his keen sense of propriety, and his `work till the job is done' ethic." Mr. King said, "I will be forever indebted to the people I have had the honor of working with at the Commission. I continue to be inspired by the tremendous dedication of my SEC colleagues and the media with whom I work on a daily basis. The lessons I take away have prepared me for the opportunities that await me at Salomon Smith Barney." As Deputy Director, Mr. King was a principal advisor to the Director of Public Affairs and worked closely with many staff and senior Commission officials. He was also a familiar and helpful voice to the many journalists seeking guidance and information from the Commission. A successor to Mr. King has not been named. # # #