STAMFORD Conn. May 9 2008 – World Wrestling Entertainment Inc. (NYSE:WWE)
today declared the Company’s regular quarterly dividend of $0.36 per share on its Class
A shares of common stock. As previously announced members of the McMahon family
have waived $0.12 per share of the dividends. As a result all Class A and Class B
shares owned by the McMahon family will instead receive dividends in the amount of
$0.24 per share. The record date for the dividend will be June 13 2008 and the
payment date will be June 25 2008.

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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Trademarks: All WWE programming talent names images likenesses slogans wrestling moves
trademarks copyrights and logos are the exclusive property of World Wrestling Entertainment Inc. and its
subsidiaries. All other trademarks logos and copyrights are the property of their respective owners.

Forward-Looking Statements: This news release contains forward-looking statements pursuant to the safe
harbor provisions of the Securities Litigation Reform Act of 1995 which are subject to various risks and
uncertainties. These risks and uncertainties include the conditions of the markets for live events broadcast
television cable television pay-per-view Internet entertainment professional sports and licensed
merchandise; acceptance of the Company’s brands media and merchandise within those markets;
uncertainties relating to litigation; risks associated with producing live events both domestically and
internationally; uncertainties associated with international markets; risks relating to maintaining and
renewing key agreements including television distribution agreements; and other risks and factors set forth
from time to time in Company filings with the Securities and Exchange Commission. Actual results could
differ materially from those currently expected or anticipated.