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Media Contact:   Amy Hyland
(704) 383-4995

August 07, 2002
Gregory J. Attorri Named Head of Media and Communications Investment Banking Group at Wachovia Securities

CHARLOTTE, N.C. - Wachovia Securities today announced that Gregory J. Attorri has joined the firm as Managing Director and Head of the Media and Communications Investment Banking Group. Attorri will report to Kevin Roche, Head of Investment Banking at Wachovia.

"We are very pleased that Greg has joined Wachovia Securities. With more than 18 years of investment banking and related experience, Greg will contribute sophisticated financial, product and sector knowledge, as well as extensive relationships, to our firm. Greg?s expertise and proven ability to build a business makes him an important new leader for our team," said Roche.

Attorri, 43, will lead the Media and Communications Investment Banking Group from Charlotte. The group provides debt and equity capital raising and financial advisory services across the spectrum of companies in those industries.

For the past two years, Attorri served as a managing director at Merrill Lynch, where he provided clients with merger, acquisition and restructuring advisory services, as well as debt and equity financing. Prior to joining Merrill, Attorri worked at Morgan Stanley from 1994 to 2000, providing investment banking services to communications companies in the US, Europe and Latin America. He worked at GE Capital before joining Morgan Stanley.

After earning a law degree from Harvard University, Attorri was an attorney at Morgan Lewis and Bockius in Philadelphia. He received his undergraduate degree from Harvard College.

Wachovia Securities is a full-service investment bank providing clients with equity, fixed income, and convertible research, financial sponsors coverage, corporate finance 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.

Wachovia Corporation (NYSE:WB), created through the Sept. 1, 2001, merger of First Union and Wachovia, had assets of $325 billion and stockholder's equity of $30 billion at June 30, 2002. Wachovia is a leading provider of financial services to 20 million retail, brokerage and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 49 states and global services through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com and firstunion.com.

Important Notice: Wachovia Securities is the trade name under which Wachovia Corporation conducts its investment banking, capital markets and institutional securities business through First Union Securities, Inc. ("FUSI"), Member NYSE, NASD, SIPC, and through other bank and non-bank and broker-dealer subsidiaries of Wachovia Corporation, including Wachovia Bank NA ("WBNA").

First Union Securities is the trade name under which Wachovia Corporation conducts its asset management and mutual fund, brokerage and insurance businesses through: (1) First Union Securities, Inc. ("FUSI"), a registered broker-dealer and member NYSE/NASD and SIPC; (2) First Clearing Corporation ("FCC"), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (3) First Union Securities Financial Network Inc., a separately registered broker-dealer and member of the NASD and SIPC providing full-service brokerage services; (4) the Capital Management Group within Wachovia Bank NA, a national banking association, and its subsidiaries, providing asset management, lending, and fiduciary services; (5) various subsidiaries within Wachovia Corporation providing investment advisory, administrative and other services to the Evergreen family of mutual funds; and (6) various wholly-owned state insurance agencies.

Stocks, bonds, mutual funds or other securities offered or sold through Wachovia Corporation or any of its bank or non-bank subsidiaries are not deposits of any bank and are not insured, guaranteed or otherwise protected by the Federal Deposit Insurance Corporation or any other government agency; are not endorsed or guaranteed by Wachovia Corporation, WBNA, or any bank; and involve investment risk, including possible loss of principal.


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