PRESS RELEASES

The common stock dividend is payable on March 15, 2006, to shareholders of record as of the close of business on March 1, 2006.

In the event Wachovia’s pending acquisition of Westcorp and WFS Financial Inc is consummated on or prior to the close of business on March 1, 2006, Westcorp and WFS Financial Inc shareholders of record at such time would be entitled to receive the Wachovia dividend.  In such event, the former Westcorp shareholders would not receive the dividend declared by Westcorp’s board of directors to Westcorp shareholders of record on March 1, 2006.

Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with banking operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $520.8 billion, market capitalization of $82.3 billion and stockholders’ equity of $47.6 billion at December 31, 2005. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve more than 13 million household and business relationships primarily through 3,131 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 719 offices in 49 states, Washington, D.C., and six Latin American countries. The Corporate and Investment Bank serves clients in selected industries nationwide. Global services are offered through 40 offices around the world. Online banking and brokerage products and services also are available through Wachovia.com.