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Media Contact: Leah Dering
704-383-0551

March 08, 2005
Alan Mitchell Joins Wachovia Securities Media & Communications Investment Banking Group

CHARLOTTE, N.C. --- Wachovia Securities announced today that Alan Mitchell has joined the firm as a Managing Director in the Media & Communications Investment Banking practice, reporting to Greg Attorri, Head of Wachovia's Media & Communications Investment Banking Group.

Mitchell joins Wachovia Securities from the investment bank Viant Group LLC, where he was Managing Partner and President. Prior to Viant Group, Mitchell was a Managing Director in the Global Communications Group at Salomon Smith Barney / Citigroup. He will be based in Charlotte and will initially focus on relationship management of large capitalization telecommunications companies.

"Alan brings years of industry experience, strong transaction execution skills and demonstrated leadership to this position," Attorri said. "We are excited about the contribution Alan will make to this team and to the firm as we look to build our momentum in the media and communications sector."

Mitchell earned his M.B.A. in finance and international business from Columbia Business School, where he graduated with honors, and his B.B.A. in accounting from Texas A&M University. Mitchell is also a Certified Public Account.

Wachovia Securities is a full-service investment bank providing clients with equity, fixed income, and convertible research, financial sponsors coverage, corporate finance, sales and trading, and mergers and acquisitions advisory services. In addition, Wachovia Securities provides such products as debt and equity financing, loan syndications, derivatives, equity investments, asset securitization, treasury services and international correspondent banking.

About Wachovia

Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with retail operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $493.3 billion, market capitalization of $83.5 billion and stockholders' equity of $47.3 billion at December 31, 2004. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve customers primarily in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states and five Latin American countries. Global services are offered through 33 international offices. Online banking and brokerage products and services also are available through Wachovia.com.

Wachovia Securities is the trade name for the corporate and investment banking services of Wachovia Corporation and its subsidiaries, including Wachovia Capital Markets, LLC, member NYSE, NASD, SIPC.

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