[WHAT WE BELIEVE]

Although 2002 was a difficult year for many companies, at ALLTEL we increased our revenues and expanded our national footprint as a leading communications services provider. How did we achieve these goals in such a challenging environment? We believe that our fundamental business approach made the real difference: we start each day determined to fulfill our essential responsibilities as a publicly-held telecommunications company to the very best of our ability, in every situation, and at every single level of our organization. In the section that follows, we detail the principles that drive our daily decisions here at ALLTEL - the same principles that will influence our business approach in the years ahead.