Dodge & Cox Launches Dodge & Cox Worldwide Funds-International Stock Fund

SAN FRANCISCO, September 28, 2010 - The Board of Directors of Dodge & Cox announced today the opening of the
Dodge & Cox Worldwide Funds-International Stock Fund. The Dodge & Cox
Worldwide Fund is an Ireland-domiciled UCITS* and is available for investment
by qualified non-U.S. investors.

Dodge & Cox's investment approach is guided by a long-term investment
horizon, strict price discipline, and thorough independent research of
individual holdings. These time-tested principles will be applied to Dodge &
Cox Worldwide Funds-International Stock Fund as it will replicate the
U.S.-based Dodge & Cox International Stock Fund. The Fund's objective is to
provide shareholders with an opportunity for long-term growth of principal
and income. The Fund seeks to achieve its objective by investing primarily in
a diversified portfolio of equity securities issued by non-U.S. companies
from at least three different non-U.S. countries located anywhere in the
world, including emerging market countries. The existing Dodge & Cox
International Investment Policy Committee, with its nine members whose
average tenure with the firm is 21 years, will serve as the decision-making
body for the Fund. A low expense ratio, capped at 0.70%, and low portfolio
turnover will also be characteristics of the Fund.

Kenneth E. Olivier, Dodge & Cox's President and Chief Executive Officer,
commented on the opening, "For more than 80 years, Dodge & Cox has provided
investment management services to institutions and individuals and has
established a track record based on a disciplined investment approach. That
approach continues today, as we launch the Worldwide International Stock
Fund."

Diana S. Strandberg, Vice President and Director of International Equity,
said, "The Worldwide International Stock Fund's portfolio will be built
security by security, based on the fundamental research and advocacy of our
investment team. Rather than spreading ourselves across a variety of styles,
we manage portfolios with a single, unified philosophy."

Along with this announcement, Dodge & Cox also released revised Worldwide
Funds' expense ratios effective 1 September 2010.

    Fund                    Management Fee   Total Expense Ratio   Funded
    ----                    --------------   -------------------   ------

    Global Stock Fund           0.60%               0.70%          Open

    International Stock
     Fund                       0.60%               0.70%          Open

    U.S. Stock Fund             0.60%               0.70%          Unfunded

    U.S. Income Fund            0.50%               0.60%          Unfunded

Founded in 1930, Dodge & Cox managed over US$167 billion for individual
and institutional investors in mutual fund and private accounts as of 30 June
2010. Dodge & Cox is one of the largest privately owned investment advisers
in the world. For more information on the Dodge & Cox Worldwide Funds, please
visit our website www.dodgeandcoxworldwide.com.

These materials are for informational and discussion purposes only. This
information should not be considered a solicitation or an offer to purchase
shares of any Dodge & Cox sponsored or advised product or a solicitation or
an offer by Dodge & Cox Worldwide Investments to provide any services in any
jurisdiction. The views expressed herein represent the opinions of Dodge &
Cox Worldwide Investments and are not intended as a forecast or guarantee of
future results for any product or service.

* As an Irish Undertakings for Collective Investments in Transferable
Securities (UCITS) compliant fund, Dodge & Cox Worldwide Funds plc may freely
market and sell shares in these funds throughout the European Economic Area
where the UCITS has complied with the notification and cross-border
registration processes under the UCITS Directive or otherwise complies with
applicable law.

Steven T. Gorski, +1-415-981-1710, stg at dodgeandcox.com, or Mary Ann Milias St. Peter, +44-(0)20-7340-8695, mam at dodgeandcox.com, both of Dodge & Cox