Ernst & Young Once Again Named One of the Most Admired Organizations for Knowledge Management.

Business Editors

NEW YORK--(BUSINESS WIRE)--June 11, 2001

Professional Services Leader Receives Most Admired Knowledge

Enterprise (MAKE) Award For Fourth Consecutive Year

Ernst & Young LLP announced today that it was again ranked one of the most admired knowledge enterprises in the world.

The 2001 Most Admired Knowledge Enterprises (MAKE(SM)) awards recognized Ernst & Young for the fourth year in a row, and it gave the firm top honors for "success in establishing a culture of continuous learning." The 2001 MAKE survey, conducted by Teleos in association with the KNOW Network, was completed by an expert panel, consisting of senior executives at Fortune Global 500 companies, chief knowledge officers and leading knowledge management practitioners.

"We are proud and honored to have received the Most Admired Knowledge Enterprises (MAKE) Award for the fourth consecutive year," said Tim Curry, Ernst & Young's Global Chief Knowledge Officer. "It is a prestigious award that recognizes world-class efforts in managing knowledge and we are particularly pleased that our culture of continuous learning has been recognized. This, together with our ability to provide an efficient infrastructure and high quality knowledge content through the Ernst & Young Center for Business Knowledge(R), has contributed to our overall organizational success and enabled our people all over the world to improve the service we provide to clients."

Started in 1998, the annual MAKE study is now the leading benchmark for the world's best knowledge-based organizations. Each year, the survey identifies organizations that stand above the crowd in the knowledge economy. In 2000, Ernst & Young was inducted into the MAKE Hall of Fame. Top MAKE Award winners, in addition to Ernst & Young, include Cisco Systems, General Electric, Hewlett-Packard, IBM, McKinsey & Company and Siemens.

Ernst & Young continuously strives to leverage the intellectual capital of its professionals to maintain its industry-leading position as an innovative driver of the knowledge economy. In 1993, the firm established the Ernst & Young Center for Business Knowledge (CBK) to make knowledge management a reality, and to bolster its capacity to create and share intellectual capital on a global scale. The CBK consists of an unparalleled worldwide network of content, people and knowledge programs that allow the firm's professionals to access the latest information on companies, industry trends, benchmarking studies and leading practices. Regional and global teams can also source business insights from 14 strategic locations around the world to generate timely proprietary research.

For Ernst & Young, the CBK drives integration of knowledge management into the daily responsibilities of its professionals. It ensures that the firm delivers significant client value through capturing, reshaping and transferring intellectual capital. Information generated by the CBK is stored and delivered throughout the firm's Intranet: the KnowledgeWeb. The KnowledgeWeb provides Ernst & Young's 78,000 people from around the world with instant access to collective knowledge from more than 1,200 knowledgebases, including best practices, industry news, information on previous client work and articles from over 5,500 publications.

Recent awards honoring Ernst & Young's industry leadership in providing critical knowledge and information services to its management and client-serving professionals include:

 -- eWeek's Fast-Track 500 (November 2000) : Ernst & Young ranked among the nation's top 500 Internet leaders, information technology innovators and companies transforming their businesses into e-businesses.  -- Information Week 500 (September 2000): The firm was recognized as one of the nation's most innovative users of information technology.  -- Linkage, Inc.'s Vision Award (September 2000): Ernst & Young was named one of the top 10 companies in the world for the most creative and strategic processes in knowledge management and organizational learning.  -- KMWorld magazine (July 2000): The firm was named one of the world's top "100 Companies That Matter" in knowledge management - those companies best positioned to influence markets and future business innovation through knowledge management technologies.  -- CIO magazine's Web Business 50/50 award (July 2000): Ernst & Young was recognized as one of the top 50 Intranets that most impressively use technology and design. 

About Teleos

Teleos is an independent knowledge management research company. The KNOW Network (www.knowledgebusiness.com) is a group of leading knowledge-based organizations dedicated to benchmarking and sharing best knowledge practices that lead to superior business performance. An executive summary of the 2001 MAKE survey can be requested by sending an email to infor@knowledgebusiness.com.

About Ernst & Young

Ernst & Young, a global leader in professional services, helps clients to quickly and confidently make financial decisions designed to enhance value. Its 78,000 people in more than 130 countries have the industry and financial experience to provide fresh perspectives on operating successfully in the new economy. Ernst & Young offers traditional audit and tax services, as well as customized services in corporate finance, online security, risk management, the valuation of intangibles and e-business acceleration. In addition, legal services are available in various parts of the world where permitted. A collection of Ernst & Young's latest ideas on the new economy can be found at www.ey.com/thoughtcenter.

Ernst & Young refers to the U.S. firm of Ernst & Young LLP and other members of the global Ernst & Young organization.