Market Overview

The Charles Schwab Corporation Extends Early Participation Date of Private Debt Exchange Offer To August 27th

The Charles Schwab Corporation (NYSE: SCHW) announced today that the early participation date for the previously announced private exchange offer of its 4.950% senior notes due 2014 (CUSIP No. 808513AC9) ("Old Notes") for new senior notes due 2022 ("New Notes") and cash ("Exchange Offer") has been extended to 5:00 p.m., New York City time, on August 21, 2012 (the "Early Participation Date"), the pricing date for the Exchange Offer has been extended to 11:00 a.m., New York City time, on August 22, 2012 (the "Price Determination Date") and the early settlement date for the Exchange Offer has been extended to August 27, 2012, the fourth business day after the Early Participation Date ("Early Settlement Date"). No other changes have been made to the terms and conditions of the Exchange Offer.

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