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Starbucks Receives Colombian Order of the Grand Cross Medal for its Support of Coffee Farmers and Country's Economy

Published 01-22-04

Submitted by Starbucks Corporation

SEATTLE, WA - Starbucks Coffee Company (Nasdaq: SBUX) is pleased to announce that it was recently awarded the Colombian Order of the Grand Cross Medal for its role in supporting the local economy and involvement in social projects in the country. Presented by the Secretary of Agriculture of the State of Nariño, the award is the highest honor given by the Colombian government. This marks the first time the medal has been presented to a coffee company and a U.S. company.

"Being recognized by the leadership in a coffee producing country is truly an honor for Starbucks," said Dub Hay, senior vice president of Coffee for Starbucks Coffee Company. "The medal validates that our coffee sourcing strategies and presence in origin countries continues to contribute to the sustainability of coffee growers and their families."

For more than two decades, Starbucks has contributed to the economy of the State of Nariño in Colombia through its purchases of high quality coffee at premium prices. In addition, Starbucks invested in a housing renovation project that benefited approximately 500 families last year.

As an acknowledged leader in the specialty coffee industry, Starbucks wishes to be known not only for its high quality coffee and commercial success, but for its commitment to origin country farmers and their families. Starbucks business practices are based on the company's longstanding guiding principles and underscore the importance of applying the highest standards to coffee purchasing, treating people with respect and dignity, and contributing positively to our communities and environment. For many years, Starbucks has collaborated with a number of farms on social projects that help improve the quality of life for farm workers, their families and local community members.

Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world, with more than 7,500 retail locations in North America, Latin America, Europe, the Middle East and the Pacific Rim. The Company is committed to offering the highest quality coffee and the Starbucks Experience while conducting its business in ways that produce social, environmental and economic benefits for communities in which it does business.

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Starbucks Corporation

Starbucks Corporation

It's the way we do business Contributing positively to our communities and environment is so important to Starbucks that it's a guiding principle of our mission statement. We jointly fulfill this commitment with partners (employees), at all levels of the company, by getting involved together to help build stronger communities and conserve natural resources.

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