HISTORICAL FINANCIAL PRESS RELEASES

Media Contact: Mary Eshet
(704) 383-7777

Media Contact: Christy Phillips Brown
(704) 383-8178

Investor Contact: Alice Lehman
(704) 374-4139

Investor Contact: Ellen Taylor
(704) 383-1381

Investor Contact: Jeff Richardson
(704) 383-8250

May 12, 2006
Wachovia CEO Ken Thompson to Present at UBS Financial Services Conference

CHARLOTTE, N.C. – Wachovia CEO Ken Thompson will present on Tuesday, May 16, at the UBS Financial Services Conference. His presentation will be available via live audio webcast beginning at 8:40 a.m. ET May 16 through Wachovia's Investor Relations Web site at Wachovia.com/investor. A replay will be available from 11:40 a.m. ET May 16 until 5 p.m. ET Thursday, August 17.

Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, providing 13.4 million household and business relationships with a broad range of banking, asset management, wealth management and corporate and investment banking products and services. Wachovia operates as Wachovia Bank through 3,159 offices in 16 states from Connecticut to Florida and west to Texas, and, until Westcorp merger integration activity is completed, will continue to be known as Western Financial Bank in the former Westcorp locations in California. Two core businesses operate under the Wachovia Securities brand name: retail brokerage in 49 states and in Latin America, and corporate and investment banking in selected industries nationwide. Globally, Wachovia serves clients through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com, and investment products and services at evergreeninvestments.com. Wachovia had assets of $541.8 billion, market capitalization of $90.2 billion and stockholders' equity of $49.8 billion at March 31, 2006.

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Wachovia common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol WB. Before the September 1, 2001, merger of First Union and the former Wachovia, the common stock traded on the NYSE as FTU.

Information on this site dated after September 1, 2001, is provided under the Wachovia name, while historical information dated before September 1, 2001, is provided under the First Union name. Please note that historical information may have become out of date and should not be considered current. Wachovia does not undertake any obligation to update the information as a result of new information or subsequent developments. In addition, any forward-looking information is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could cause results to differ from expectations may be found in Wachovia's reports filed with the SEC.