ATLANTA--(BUSINESS WIRE)--May 20, 2003--Cox Communications, Inc. (NYSE: COX) today announced it has agreed to sell $600 million of 45/8% notes due 2013 for aggregate proceeds of approximately $596.2 million.

Cox intends to use proceeds from this offering to finance cash tender offers for its outstanding 2% Exchangeable Subordinated Debentures due 2029 (the "PRIZES") and 3% Exchangeable Subordinated Debentures due 2030 (the "Premium PHONES"), as previously announced on May 6, 2003 and as amended on May 19, 2003, and for general corporate purposes. Cox has appointed Citigroup, Merrill Lynch & Co. and Wachovia Securities as joint book-running managers.

These debt securities will be sold pursuant to Cox's shelf registration statement, which has been declared effective by the U.S. Securities and Exchange Commission. This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any debt securities of Cox. Nothing in this news release should be construed as an offer to purchase any outstanding PRIZES or Premium PHONES, as such offers are only being made upon the terms and are subject to the conditions set forth in an Offer to Purchase dated May 6, 2003, as amended on May 19, 2003.

A copy of the prospectus related to this offering, when available, can be obtained from Citigroup, Prospectus Department, 140 58th St, Brooklyn, New York 11220, Merrill Lynch & Co., Prospectus Department, 4 World Financial Center, New York, New York 10080 or Wachovia Securities, Debt Syndicate, One Wachovia, TW-8, 301 South College Street, Charlotte, North Carolina 28288.

Cox Communications, a Fortune 500 company, is a multi-service broadband communications company with 6.5 million total customer relationships, including 6.3 million basic cable subscribers. Cox is the nation's fourth-largest cable television provider, and offers both traditional analog video programming under the Cox Cable brand as well as advanced digital video programming under the Cox Digital Cable brand. Cox provides an array of other communications and entertainment services, including local and long distance telephone under the Cox Digital Telephone brand; high-speed Internet access under the brands Cox High Speed Internet and Cox Express; and commercial voice and data services via its affiliate Cox Business Services, LLC. Local cable advertising, promotional opportunities and production services are sold under the Cox Media(SM) brand. Cox is an investor in programming networks including Discovery Channel.

CONTACT: Cox Communications, Atlanta Media Relations Bobby Amirshahi, 404/843-7872 bobby.amirshahi@cox.com or Investor Relations Lacey Lewis, 404/269-7608 lacey.lewis@cox.com SOURCE: Cox Communications, Inc.