HISTORICAL FINANCIAL PRESS RELEASES

Media Contact:   Christy Phillips Brown (704) 383-8178 Media Contact:   Mary Eshet (704) 383-7777 Investor Contact:   Alice Lehman (704) 374-4139 Investor Contact:   Tanya Quinn (704) 374-2130 May 17, 2007 Wachovia Releases World Savings Bank April Statistical Data CHARLOTTE, NC—Wachovia Corp. today released the World Savings Bank financial highlights report for the month ended April 30, 2007. Key indicators included: Loan and mortgage-backed securities portfolio of $121.3 billion compared with $121.6 billion at the end of March. Loan originations of $3.3 billion, down $316 million partially reflecting seasonality. Fixed-Rate Pick-A-Payment loan originations totaled $1.9 billion. Loan repayments of $3.8 billion, down 10 percent from $4.3 billion in March. Portfolio yield of 7.66 percent, down 5 basis points largely reflecting the continued shift to lower-yielding fixed-rate products. $48.1 billion of the loan portfolio supported by wholesale funding, the costs of which remained relatively flat as the 3-month LIBOR rate increased 1 basis point to 5.36 percent. $73.2 billion of the loan portfolio funded at a Cost of Savings rate of 4.79 percent, which rose 2 basis points from the end of March. Deposits of $73.2 billion, up $752 million reflecting strength in certificates of deposit. Nonperforming assets, including loans classified as nonaccrual by 90 days past due, of $980 million, up 7 basis points to 81 basis points of total loans and mortgage-backed securities. 74 percent average loan-to-collateral value for nonperforming loans. "We're pleased with continued deposit growth and the relatively stable loan portfolio reflected in World Savings' April data, despite the adverse rate environment," said Tom Wurtz, Wachovia chief financial officer. "The Fixed-Rate Pick-A-Payment loan continues to be an attractive product in this environment. Increases in nonperforming assets are not unexpected; however, World Savings' conservative underwriting practices and low loan-to-collateral values give us confidence the portfolio will continue to perform favorably in this environment." Wachovia noted the introduction of the Wachovia Cost of Savings Index in mid-April as another step toward the successful integration of the two franchises. Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, providing a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services. Wachovia has retail and commercial banking operations in 21 states with 3,399 retail banking offices from Connecticut to Florida and west to Texas and California. In addition, two core businesses operate under the Wachovia Securities brand name: retail brokerage with 768 offices in 48 states and service affiliate offices in Latin America, and corporate and investment banking serving clients in selected corporate and institutional sectors globally. Other nationwide businesses include mortgage lending in all 50 states and auto finance covering 46 states. 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. At March 31, 2007, Wachovia had assets of $706 billion and market capitalization of $105 billion. Forward-Looking Statements This news release contains various forward-looking statements. A discussion of various factors that could cause Wachovia Corporation's actual results to differ materially from those expressed in such forward-looking statements is included in Wachovia's filings with the Securities and Exchange Commission, including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

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