HISTORICAL FINANCIAL PRESS RELEASES

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April 17, 2008
Wachovia Corporation Announces Exercise of Over-allotment Options Bringing Total Common Stock and Convertible Preferred Stock Sold to $8.05 Billion

CHARLOTTE, N.C. – Wachovia Corporation (NYSE: WB) announced today that the underwriters of its concurrent offerings of 145,833,334 shares of common stock and 3,500,000 shares of Non-Cumulative Perpetual Convertible Class A preferred stock, Series L, have exercised in full their over-allotment options to purchase an additional 21,875,000 shares of common stock and an additional 525,000 shares of convertible preferred stock. The prices for the additional shares of common stock and shares of convertible preferred stock are the same prices, respectively, at which the 145,833,334 shares of common stock and 3,500,000 shares of convertible preferred stock were sold to the underwriters.

Wachovia Securities is serving as global coordinator and joint bookrunning manager and Goldman, Sachs & Co. is serving as joint bookrunning manager of these offerings. The offerings are being made under Wachovia Corporation's shelf registration statement filed with the Securities and Exchange Commission.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities. Any offer of securities will be made by means of the prospectus supplement and accompanying prospectus relating to each offering. Copies of the prospectus supplement and accompanying prospectus relating to each offering can be obtained by contacting: Wachovia Securities, Attn: Equity Syndicate, 375 Park Avenue, New York, New York 10152-4077 or email: equity.syndicate@wachovia.com; or Goldman, Sachs & Co., Attn: Prospectus Dept., 85 Broad St., New York, NY 10004, Fax: 212 902 9316 or email at prospectus-ny@ny.email.gs.com.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, with assets of $808.9 billion and market capitalization of $53.8 billion at March 31, 2008. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $1.1 trillion in client assets through 18,600 registered representatives in 1,500 offices nationwide.

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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.