PRESS RELEASES

Media Contact: Leah Dering
704-383-0551

May 05, 2004
Wachovia Sponsors Two Treasury Services Expos in Florida
Wachovia to present its suite of cash management services May 11 in Fort Lauderdale and May 14 in Orlando

CHARLOTTE, N.C. - Wachovia announced today that it will host two product expos in Florida, providing existing and prospective customers an opportunity to learn more about the treasury management solutions offered by the nation's second-largest cash management provider. The expos will be held May 11 and May 14, in Fort Lauderdale and Orlando, respectively.

"Florida is an important market for us, and we always welcome the opportunity to share with our customers the chance to learn about and experience the full range of cash management solutions Wachovia can provide," said Ranjana Clark, Executive Vice President and head of Wachovia's Treasury Services Division.

In addition to product displays and demonstrations, the expo will offer a series of sessions designed to provide insight into new treasury practices and overall industry developments. These sessions will run throughout the day at both expos, with topics including: an update on NACHA electronic payment initiatives; the impact of check electronification regulations; treasury management in Canada and Mexico; managing global exchange rate risk; advice on improving letters of credit processing efficiency; non-traditional working capital metrics; and European treasury management.

Wachovia's Treasury Services Division will also host an exhibit hall where product consultants will showcase their unique solutions. Exhibits and demonstrations include:
Payables Solutions
Receivables Solutions
Information and Access Solutions
Deposit and Investment Solutions
Cash Concentration Solutions
International Treasury Management Solutions
Wachovia's Treasury & Financial Consulting
The local chapter of the Association for Financial Professionals will also be staffing an exhibit booth, and Certified Cash Manager/Certified Treasury Professional credit will be available for eligible participants. CPE credit will also be given for CPA participants.

About Wachovia Treasury Services
Wachovia's Treasury Services Division offers a comprehensive suite of integrated payables and receivables solutions, including electronic check conversion, accounts receivable conversion, a full range of ACH services, image technology, a national wholesale and retail lockbox network and international treasury solutions. In a recent survey of middle and large corporate customers by independent surveyor Phoenix Hecht, 15 out of 18 of Wachovia's treasury services products ranked "A" or "A+". Additionally, ten of the bank's 12 key treasury product capabilities are ranked in the top three for market share in Ernst & Young's survey. Wachovia's Information and Access product, Wachovia Connection®, ranked first in that survey. Recently, Wachovia Connection® was also voted the "Best Corporate/Institutional Online Cash Management Service in North America" by Global Finance, and the most recent Bank Leader Survey placed Wachovia's Treasury Services Number 2 for "Overall Satisfaction" and "Overall Quality of Customer Service".

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation, with assets of $411 billion, market capitalization of $61.7 billion and stockholders' equity of $33.3 billion at March 31, 2004. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 12 million client relationships (including households and businesses), primarily in 11 East Coast states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states. Global services are provided through 32 international offices. Online banking and brokerage products and services also are available through Wachovia.com.

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