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News Release

Nation's Largest Vision Benefits Provider Names New Leader
VSP President Assumes CEO Role

Sacramento, CA – July 5, 2006 – VSP (Vision Service Plan) today announces President Rob Lynch's official transition to chief executive officer of the nationwide eyecare benefit company. Lynch was selected in late 2005 to ultimately succeed outgoing CEO Roger J. Valine, who led the company for fourteen years.

"Rob has shown tremendous leadership and has already developed innovative strategies to keep VSP on the cutting edge of the benefits field," said Valine. "I am confident that with Rob at helm, VSP will continue its tradition of excellence."

Lynch worked closely with Valine for the past six months and focused much of his time meeting with employees, clients and doctors. A member of VSP's Board of Directors for nine years, Lynch is already inherently familiar with the company's renowned corporate culture and nationwide recognition.

"VSP's healthcare delivery model and advanced electronic communications serves as a stellar example for benefit companies around the country," said Lynch. "I am grateful for the opportunity to guide an organization that is an industry leader committed to quality for both its employees and its customers."

Lynch joined VSP from Buck Consultants, an ACS company, where he most recently served as managing director and chief operating officer. Selected as one of "35 Rising Stars" by Business Insurance magazine, Lynch led the company's global operations and Health and Welfare consulting businesses worldwide. He serves on a variety of association boards and councils in the benefits industry.

About VSP
VSP provides eyecare benefit plans that range from comprehensive eye examinations and materials to complete medical and surgical eyecare. With more than 45 million members nationwide, one in seven people in the United States relies on VSP for eyecare health coverage. VSP's Sight for Students program has helped more than 340,000 low-income/uninsured children receive free eyecare services since its inception in 1997. VSP, a company with over $2.2 billion in annual gross revenue, has been recognized by Fortune Magazine for the seventh consecutive year as one of best places to work in America. For more information, visit us online at www.vsp.com.

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