Dodge & Cox Announces Three New Board Members and Three New Officers

SAN FRANCISCO, June 21, 2011 -

Dodge & Cox announced today the appointment of three new
members to its Board of Directors. Thomas S. Dugan, David C. Hoeft,
and Diana S. Strandberg have been appointed Senior Vice Presidents
and members of the Dodge & Cox Board of Directors, effective 25
May 2011.

Dodge & Cox announced three additional new officer
positions, effective 2 June 2011. Gregory R. Serrurier and Director
of Research C. Bryan Cameron have been appointed Senior Vice
Presidents, and Roberta R.W. Kameda has been appointed General
Counsel.

With the appointment of Mr Dugan, Mr Hoeft, and Ms Strandberg,
the Dodge & Cox Board of Directors consists of eight senior
executives. The other five members of the Board are Kenneth E.
Olivier, Chairman and Chief Executive Officer; Dana M. Emery,
Co-President and Director of Fixed Income; Charles F. Pohl,
Co-President and Chief Investment Officer; Thomas M. Mistele, Chief
Operating Officer, Senior Counsel, and Secretary; and John A. Gunn,
Chairman Emeritus.

Chairman and Chief Executive Officer Kenneth Olivier commented,
‘We are very pleased to welcome Tom, David, and Diana to the Dodge
& Cox Board of Directors. With an average of 19 years at Dodge
& Cox, they have spent the majority of their careers with the
firm, working together with the rest of the investment team to
create long-term value for our clients and shareholders. We are
also very pleased to announce Bryan’s, Greg’s, and Roberta’s new
positions in recognition of their significant contributions to
Dodge & Cox.’  

Mr Dugan, who joined Dodge & Cox in 1993, is Associate
Director of Fixed Income and a member of the Fixed Income
Investment Policy Committee. He received his B.A. from Brown
University in 1987 and his M.B.A. from the University of
California, Berkeley, in 1992. Before graduate school, he worked as
a fixed income securities trader for J.P. Morgan Securities. Prior
to joining Dodge & Cox, he worked in the Czech Republic as an
advisor to a Czech investment fund. Mr Dugan is a shareholder of
the firm and a CFA® charterholder.

Mr Hoeft, who joined Dodge & Cox in 1993, is Associate
Director of Research and a member of the Investment Policy
Committee (IPC). He received his B.A. from the University of
Chicago in 1989 (Phi Beta Kappa) and his M.B.A. from the Harvard
Business School in 1993. Prior to entering graduate school, he
worked for two years as a consultant to the energy industry. He is
a shareholder of the firm and a CFA charterholder.

Ms Strandberg, who joined Dodge & Cox in 1988, is Director
of International Equity and a Senior Vice President of the Dodge
& Cox Funds. In addition, she is a member of the IPC, the
International Investment Policy Committee (IIPC), and the Global
Investment Policy Committee. Ms Strandberg graduated from the
University of California, Berkeley, in 1981 (Phi Beta Kappa) and
received her M.B.A. from the Harvard Business School in 1986. She
spent two years as a securities analyst at the First Boston
Corporation before joining Dodge & Cox. She is a shareholder of
the firm and a CFA charterholder.

Mr Cameron, who is Director of Research, is a member of the IPC
and the IIPC. He received his B.A. degree in Economics from the
University of California, Davis, in 1980 and his M.B.A. from the
Stanford Graduate School of Business in 1983. He worked for Dodge
& Cox for one year before obtaining his M.B.A. and rejoined the
firm in 1983. He is a shareholder of the firm and a CFA
charterholder.

Mr Serrurier is a member of the IPC and the IIPC and manages the
firm’s institutional separate account equity group. He received his
B.S. degree in 1979 from Oregon State University and his M.B.A.
from the Stanford Graduate School of Business in 1984, and joined
Dodge & Cox that year. He is a shareholder of the firm, a CFA
charterholder, and a Chartered Investment Counselor.

Ms Kameda, who remains a Vice President and Assistant Secretary,
received her B.A. with distinction from the University of Hawaii
and her J.D. from Columbia University School of Law. Prior to
joining the firm in 2006, she was a senior lawyer at Franklin
Templeton Investments, an associate at Debevoise & Plimpton,
and Special Counsel in the U.S. Securities and Exchange
Commission’s Division of Investment Management. She is a member of
the Hawaii and District of Columbia Bar Associations and was
admitted to the State Bar of California as a Registered In-House
Counsel. Ms Kameda is a shareholder of the firm.

Founded in 1930, Dodge & Cox is one of the largest privately
owned investment advisors in the world, providing investment
management services for US and non-US individual and institutional
investors from a single investment office location in San
Francisco. Dodge & Cox serves as investment manager to the
Dodge & Cox Funds and the Dodge & Cox Worldwide Funds plc.
Dodge & Cox Worldwide Investments is the sole distributor for
the Dodge & Cox Worldwide Funds plc, an Ireland-domiciled
UCITS, which have been available for investment by qualified non-US
investors since December 2009. Dodge & Cox Worldwide
Investments operates as an institutional investor representative
out of its office in London, United Kingdom. As of 31 May 2011,
Dodge & Cox had over US $203 billion in assets under
management. For more information on Dodge & Cox Worldwide
Funds, please visit our website href="www.dodgeandcoxworldwide.com">www.dodgeandcoxworldwide.com.

Dodge & Cox Worldwide Funds plc provides UCITS Funds for
non-US investors. The Funds are registered in Ireland and are
available only to residents of those jurisdictions where allowed by
applicable law. Purchase orders from US investors or other
ineligible investors will not be accepted. This information should
not be considered a solicitation or an offer to purchase shares of
Dodge & Cox Worldwide Funds plc or a solicitation or an offer
by Dodge & Cox Worldwide Investments and its affiliates to
provide any services in any jurisdiction. The views expressed
herein represent the opinions of Dodge & Cox Worldwide
Investments and its affiliates and are not intended as a forecast
or guarantee of future results for any product or service.

Mary Ann Milias St. Peter of Dodge & Cox Worldwide Investments Ltd., +44(0)20-7340-8695