STAMFORD Conn. March 7 2007— This past Monday during a live WWE® broadcast on USA Network’s top-rated “Monday Night RAW® ” Stone Cold Steve Austin was announced as the special guest referee for the highly anticipated “Battle of the Billionaires” at WrestleMania 23.

Austin will be the ref for the “Hair vs. Hair” match at WrestleMania 23 between business icon Donald Trump and WWE Chairman Vince McMahon.  If Donald Trump’s designated wrestler ECW® World Champion Bobby Lashley™ beats Vince McMahon’s designated wrestler “The Samoan Bulldozer” Umaga™ then Trump will shave off McMahon’s hair.  If McMahon’s wrestler wins Trump will have his hair shaved off live in front of a worldwide pay-per-view audience and more than 75 000 cheering fans at Ford Field in Detroit on April 1. 

Last night Austin made his first ever appearance on Sci Fi Network’s “ECW.”  During the live broadcast Austin vowed to be unbiased at WrestleMania 23 but guaranteed that a billionaire will leave Detroit bald on April 1.  Austin also promised to be at “Monday Night RAW” in Washington DC this Monday (March 12) on the USA Network for a contract signing where Trump and McMahon will meet in the ring and make the “Battle of the Billionaires” official.

Additional information on World Wrestling Entertainment Inc. (NYSE: WWE) can be found at wwe.com and corporate.wwe.com .  For information on our global activities go to http://www.wwe.com/worldwide/ .

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Media Contacts: Kevin Hennessy (WWE)        203-352-8657              Kevin.Hennessy@wwecorp.com

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