This Litigation and proposed Settlement Funds may apply to all persons or entities (the "Class") who purchased the common stock of, or call options on, Oxford Health Plans, Inc. ("Oxford") or sold Oxford put options, during the period from November 6, 1996 through and including December 9, 1997 (the "Class Period"), and who were damaged thereby. If you are a Class Member, you ultimately may be entitled to receive benefits pursuant to the proposed Settlement Funds totaling Three Hundred Million Dollars ($300,000,000), minus attorneys' fees and reimbursement of expenses.

Summary of the Litigation
The Plaintiffs contend that because of the alleged misrepresentation and omissions about Oxford's financial condition and prospects, the prices of Oxford common stock and call options were allegedly inflated artificially and that Oxford put option prices were allegedly deflated artificially during the Class Period.

The proposed Settlement with the Oxford Defendants and the Settlement with KPMG (collectively, the "Settlements") has not been approved as of date. There will be a Settlement Fairness Hearing on June 11, 2003 to determine if the proposed Settlements are fair, reasonable and adequate.

Potential Claimants
In order to be eligible to receive any distribution from the Settlement Funds, you must complete and sign a Proof of Claim and Release form and send the form with valid documentation postmarked on or before July 11, 2003, to In re Oxford Health Plans, Inc. Securities Litigation, c/o The Garden City Group, Inc., Claims Administrator, P.O. Box 8846, Melville, New York, 11747-8846. You may retrieve the Notice of Proposed Settlements of Class Action, Hearing on Proposed Settlements and Attorneys' Fee Petition and Right to Share in Settlement Funds and the Proof of Claim and Release form from this website or you can call our Helpline number provided above to have a packet mailed to you.