FOR IMMEDIATE RELEASE
Tuesday, January 11, 2000

ROBERT WOOD JOHNSON IV SELECTED AS OWNER
OF THE NEW YORK JETS FOOTBALL FRANCHISE

NEW YORK CITY--The Trustees of the Leon Hess Estate announced today that they have selected Robert Wood Johnson IV to become the owner of the New York Jets.

In making the announcement, The Executors stated:

"The late Leon Hess was the proud owner of the Jets since 1963. He had a special love for the team and its many loyal fans. The Hess family will remain strong supporters of the Jets and wishes Mr. Johnson, Bill Parcells, the entire Jets organization and players every success in the future and thanks the many loyal Jets fans."

Mr. Johnson issued the following statement:

"We are obviously pleased and excited to have the opportunity to own the New York Jets. First, we want to thank the Trustees of the Leon Hess Estate, and in particular Mr. John Hess, for giving us this opportunity. We hope that we can be successful in fulfilling Mr. Hess's dream of developing the New York Jets into a championship team.

"In that regard, we want to emphasize that we are totally dedicated to bringing a winning and a championship team to this area. We understand and appreciate the difficulties inherent in that goal, but we look forward to working with Steve Gutman and Bill Parcells in developing a first-class organization which is a cornerstone in developing a winning franchise.

"While we have been selected by the Hess Estate as the winning bid for the New York Jets, we still have to win the approval of the NFL owners. While it would be inappropriate to comment on any matters before we receive such approval, I do intend to have preliminary conversations with both Steve Gutman and Bill Parcells at the earliest possible moment."

Robert Wood Johnson IV is a member of the founding family of Johnson & Johnson, the worldwide health-care company. In the early 1970s, Mr. Johnson acquired American Video Corporation, a pioneer cable-television company, and built it into one of the largest privately-held cable-TV systems in the country. It was later sold to a major cablevision company. Mr. Johnson then formed The Johnson Company, a personal investment company, with offices on Fifth Avenue in New York City.

During the past 10 years, Mr. Johnson has been responsible for managing and overseeing various family assets in securities, properties, and ventures, as well as trusts, charitable trusts, foundations, and estates. The Robert Wood Johnson Jr. Charitable Trust is one entity in which he acts as Trustee, and in that capacity, evaluates and makes grants primarily for cultural, social, and medical purposes.

Mr. Johnson also is active in a wide range of civic and philanthropic activities, as well as others directly related to improving health care.

The Juvenile Diabetes Foundation International has been a focal point of Mr. Johnson's interest since he learned about his daughter's diabetes condition. He serves as Chairman of the JDF International and Co-Chair of its International Capital Campaign. JDF International's mission is to find a cure for diabetes and its complications through the support of research. The goal of a five-year campaign to raise $200 million in support of diabetes research was achieved in June of 1999, nearly one year ahead of schedule.

In addition to JDF International and also in response to the illness of a family member, Mr. Johnson is a founder, chairman and major financial supporter of the Alliance for Lupus Research, Inc. The ALR is a unique institution dedicated to support research to prevent and cure Lupus.

Mr. Johnson has been working with national political figures and government representatives to find ways to retain and expand the nation's basic medical-research programs, primarily through the National Institutes of Health.

In Washington, Mr. Johnson was appointed by the Secretary of Health and Human Services in 1992 to a three-year term on the National Diabetes and Digestive and Kidney Diseases Advisory Council, which is affiliated with the National Institutes of Health. During the administration of President George Bush, Mr. Johnson served a three-year term on The President's Export Council.

His grandfather, the late General Robert Wood Johnson, built Johnson & Johnson from a small family business into the world's largest health-care company. Mr. Johnson's father, the late Robert Wood Johnson Jr., served as president of the company. As a major stockholder in Johnson & Johnson, Mr. Johnson maintains close ties to the company. He lives in New York City with his wife and three daughters.

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Contact: Stuart F. Sucherman, SCG, Inc.
Phone: (212) 827-0101