Chevron World Challenge presented by Bank of America

SUMMER "TEE OFF" SALE BEGINS FOR 2006 TARGET WORLD CHALLENGE PRESENTED BY COUNTRYWIDE AT SHERWOOD COUNTRY CLUB, DEC. 13-17

First Opportunity for Fans to Reserve Tickets to Cheer On
World No. 1 Tiger Woods and Defending Champion Luke Donald

THOUSAND OAKS, Calif. (July 17, 2006) - On the same day that marks the start of British Open tournament week and Tiger Woods' defense of one of his two 2005 major championships, another Tiger Woods countdown officially begins. The Summer "Tee Off" Sale begins today for the eighth annual Target World Challenge presented by Countrywide, a PGA TOUR co-sponsored event held at Sherwood Country Club, Dec. 13-17.

Fans can conveniently order tickets through the tournament website, targetworldchallenge.com. As added incentive, beginning today and running through Aug. 18, fans who order tickets online will receive free standard shipping. Tickets can also be purchased by phone at 1-800-594-TIXX.
 
The Target World Challenge will anoint its latest champion in exactly five months. Fans faithful to Southern California native Woods - the 2001 and 2004 Target World Challenge champion -- and appreciative of the star-studded, 16-player field that annually arrives to play the most highly regarded event following the PGA TOUR season are wise to reserve tickets now.

"We're anticipating another sellout at the Target World Challenge, so we're encouraging fans to purchase their tickets early" President Greg McLaughlin said. "Ticket amounts are limited to enhance the experience for each fan, and they always sell quickly."

The Target World Challenge will feature 16 of the world's top golfers competing for their share of the $5.75 million purse. Tournament host Woods and defending champion Luke Donald will head a field that will also include the top players (who accept invitations) from the Official World Rankings and select special exemption players chosen by the Tiger Woods Foundation. First prize is $1.35 million and no golfer leaves with less than $170,000.

The best bargain for one's buck is a Weekly Gallery Badge, which can be purchased for $75. The Weekly Gallery Badge is a grounds-only credential for the entire tournament week (Wednesday-Sunday).

Daily Gallery Passes, which are grounds-only passes for individual days, can be purchased for any single day. They are $25 per day on Wednesday, Thursday and Friday, and $35 per day on Saturday and Sunday. Executive Club Tickets, which include skybox seating and hospitality, are also available.

Daily Youth Tickets (ages 13-17) are $10 per day and can be purchased at the gate only. Children 12 and under are admitted free if accompanied by a paid adult (limit two children per paid adult). All tickets are subject to space availability. General admission parking is free and complimentary pairings guides are available daily on a first-come, first-serve basis. 

Tournament week begins with a Pro-Am on Wednesday, Dec. 13, and the four-day tournament begins Thursday, Dec. 14, and continues through Sunday, Dec. 17.

Sherwood Country Club, which opened 17 years ago, is again expected to provide a stern test for golf's top players. Rated as one of the best golf courses in the world, Sherwood Country club features 1,800 mature oak trees and lush landscaping including waterfalls, jasmine and rose bushes.

Tournament proceeds will benefit the Tiger Woods Learning Center and the Start Something Program. The Tiger Woods Learning Center is a 14 acre, youth-education facility that represents the vision of Tiger Woods and his goal to provide youth from diverse backgrounds an interactive enrichment program that will improve individual aptitude in reading, math, science and technology. As a result, youth will develop personal accountability, independence and resilience leading to greater knowledge of career options and an increase in college enrollment. For more information, please visit www.twlc.org.

Start Something
Start Something is a free program for youth 8-17 that addresses three priorities: character education, volunteer service and career exploration. Through participation in Start Something, youth define a specific personal goal and develop an action plan to achieve it while giving back to their community and exploring careers that fit within their areas of interest. More than 3.5 million youths across the country have enrolled in the program since the program's launch in 2000. Teachers and youth group leaders can obtain the program for use with groups by visiting www.target.com/startsomething or by calling 1-800-316-6142. High school students can also visit the site or call the 800 number to order or download the High School Self-Study Guide. All curriculum materials are available in both English and Spanish.
 
About Target
Minneapolis-based Target serves guests at 1,418 stores in 47 states nationwide by delivering today's best retail trends at affordable prices. Target is committed to providing guests with great design through innovative products, in-store experiences and community partnerships. Whether visiting a Target store or shopping online at Target.com, guests enjoy a fun and convenient shopping experience with access to thousands of unique and highly differentiated items. Target (NYSE:TGT) gives back more than $2 million a week to its local communities through grants and special programs. Since opening its first store in 1962, Target has partnered with nonprofit organizations, guests and team members to help meet community needs.

About Countrywide Financial Corporation
Founded in 1969, Countrywide Financial Corporation (NYSE: CFC) - America's #1 home loan lender as ranked for 2005 by Inside Mortgage Finance (Jan. 27, 2006), Copyright 2006 - is a member of the S&P 500 and Fortune 500. Countrywide, through its subsidiaries, provides mortgage banking and diversified financial services in domestic and international markets. Mortgage banking businesses include loan production and servicing principally through Countrywide Home Loans, Inc., which originates, purchases, securitizes, sells, and services residential loans. The company is headquartered in Calabasas, California and has a workforce of more than 55,000 individuals and over 800 offices worldwide. For more information about the company, visit Countrywide's Web site at www.countrywide.com.

Companies joining Target and Countrywide as supporting sponsors include Williams, an organization that primarily finds, produces, gathers, processes and transports natural gas, and Dole Food Company, the world's largest producer and marketer of high-quality fresh fruit, vegetables, fresh-cut flowers and a growing line of packaged foods.

www.targetworldchallenge.com