IRL: Lincoln Financial partners with Cheever Indy Racing

INDIANAPOLIS, Ind. (Feb. 5, 2002) - Red Bull Cheever Racing announced today that Lincoln Financial Group (NYSE: LNC) will sponsor 1998 Indy 500 champion Eddie Cheever Jr. and the No. 51 Red Bull Cheever Racing Infiniti in the 2002 Indy Racing...

INDIANAPOLIS, Ind. (Feb. 5, 2002) - Red Bull Cheever Racing announced today that Lincoln Financial Group (NYSE: LNC) will sponsor 1998 Indy 500 champion Eddie Cheever Jr. and the No. 51 Red Bull Cheever Racing Infiniti in the 2002 Indy Racing League series.

"We are pleased to welcome Lincoln Financial Group to the team," Cheever said. "The company was founded nearly a century ago by a group of Fort Wayne, Indiana, businessmen. It makes sense that they be involved in the Indy 500, which has a history just a few years younger than their own. They will find the full Indy Racing League schedule will provide the marketing benefits they desire at a great value."

Cheever will serve as a spokesperson for the annuities operation of Lincoln Financial Group as part of the sponsorship program.

"Lincoln is very pleased to be entering into a partnership with Cheever Indy Racing," said Bill Boscow, Lincoln Annuities chief marketing officer. "Eddie does a terrific job in articulating the parallels between his profession and our business goals - high performance, speed, risk management, flawless execution and teamwork. He will help us continue to stand out as a leader in our industry, especially as we roll out education initiatives on retirement income management and enhance business relationships throughout the country."

Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The annuities operation of The Lincoln National Life Insurance Co., the third largest variable annuity company in the nation according to the September 2001 VARDS Report, has its headquarters in Fort Wayne, Ind., with operations in Portland, Maine, and Schaumburg, Ill. Company and product information are available at www.LincolnLife.com.

Red Bull Cheever Racing, based in Indianapolis, is the brainchild of 1998 Indy 500 champion Eddie Cheever Jr. A leader in American motorsports, the Indy Racing League team is built on Cheever's experience in Formula One, sports cars and open-wheel oval racing. Corporate and technical partnerships with the world's leading energy drink, Red Bull, Nissan North America's Infiniti Division, TWR Group Ltd., and Lincoln Financial Group greatly enhance the team's resources and technology. For more information, visit www.cheeverindyracing.com.

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Series AUTOMOTIVE , INDYCAR