Warren Buffett and Business Wire's Cathy Baron Tamraz Ring NYSE's Opening Bell to Celebrate Berkshire Hathaway's Acquisition of Global Leader in News Distribution, Regulatory Filings

Buffett and Tamraz celebrated Business Wire's recent acquisitionby Berkshire Hathaway (NYSE: BRK.A and BRK.B), a diversified holdingcompany with major interests in property and casualty reinsurance.They were joined on the podium by James Maguire Sr., the LaBranche &Company specialist who trades Berkshire Hathaway's shares, and seniorexecutives from Business Wire's New York and San Franciscoco-headquarters.

The transaction, which was completed in February, makes BusinessWire a wholly owned subsidiary of Berkshire Hathaway (Fortune 12),which is consistently ranked among the world's most admired companies.Business Wire's management and employees have all been retained toensure a seamless transition.

"Today's honor is truly special given Business Wire's unique andgrowing role in the global financial markets," said Tamraz. "We havebeen a trusted link between corporate issuers and market participantsfor nearly a half-century. We are extremely proud to be a valuedmember of the Berkshire Hathaway family."

"Berkshire Hathaway's strategy is to invest in industry-leadingcompanies," said Buffett. "Business Wire clearly meets our stringentstandards. Under Cathy's leadership, Business Wire has set the sectoragenda with its technology leadership, service innovations, and rapidgrowth in key European and Asian markets."

Business Wire is the leading global distributor of corporate news,multimedia and regulatory filings. Roughly half of U.S.-listedcompanies use Business Wire to meet their disclosure requirements.Business Wire distributes price-sensitive news to the media,institutional and individual investors, and online services via itsproprietary distribution platform, simultaneously and in real-time.

Business Wire's global expansion in recent years has been aided bythe adoption of the North American disclosure model by overseasfinancial markets. Business Wire is sanctioned by the UK's FinancialServices Authority as an approved Regulatory Information Service, andoperates regulatory networks in a half-dozen European financialcapitals. Business Wire is positioning itself for January 2007implementation of the European Union's Transparency ObligationsDirective, which harmonizes disclosure standards across all 25 MemberStates.

The company also has moved aggressively in developing ease-of-useXBRL applications for investor relations professionals, including its"EarningsDirect" product. Its joint venture, CoreFiling, provides XBRLconsulting services.

About Berkshire Hathaway:

Berkshire Hathaway and its subsidiaries engage in a number ofdiverse business activities among which the most important is theproperty and casualty reinsurance business conducted on both a directand reinsurance basis. Common stock of the company is listed on theNew York Stock Exchange, trading symbols BRK.A and BRK.B.

About Business Wire:

Business Wire, a Berkshire Hathaway company, was founded in 1961by Lorry I. Lokey, veteran journalist and public relations executive.Cathy Baron Tamraz is president and CEO of the company.

The company's multi-channel delivery network, with access to some60 international and national news agencies, financial informationproviders and Web-based news services throughout North America,Europe, Asia, Latin America, the Middle East and Africa, providesreal-time, simultaneous access to key audiences -- the news media,trade publications, institutional and individual investors,business-to-business decision-makers and consumers.

Business Wire electronically disseminates some 1,000 full-textnews releases daily to the media, the Internet, online services anddatabases, and the global investment community in 150 countries in 45languages. Business Wire has 24 U.S. offices, Paris, Frankfurt,London, Brussels, Tokyo and Sydney offices, and reciprocal officesthroughout the world.