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PRESS RELEASES

July 09, 2001
Wachovia to Announce Second Quarter Earnings on July 11th

Wachovia Corporation (NYSE:WB) will announce its earnings for the second quarter on Wednesday, July 11, 2001. A conference call will be held at 10 a.m. Eastern time. Senior executives will review the financial results and discuss progress of the proposed merger of equals between Wachovia and First Union. Management's discussion will be available via Webcast from www.wachovia.com/investor/earnings.asp or by calling 719-457-2637.

A replay of the discussion will be available after 2 p.m. Eastern time on July 11 from the above Internet address or by calling 719-457-0820 and entering access code 730974. Telephone replay will be available until July 18.

Copies of the earnings release and supporting financial information will be available at www.wachovia.com/about.

Wachovia is a major interstate financial holding company offering banking and financial services to individuals primarily in Florida, Georgia, North Carolina South Carolina and Virginia and to corporations and institutions throughout the United States and globally. Wachovia Corporation is headquartered in Winston-Salem, N.C., and Atlanta and had assets of $75.6 billion at March 31, 2001. Wachovia's Web site is located at www.wachovia.com.

This news release contains forward-looking statements regarding Wachovia Corporation. All forward-looking statements involve risk and uncertainty and actual results could differ materially from the anticipated results or other expectations expressed in the forward-looking statements. A discussion of factors that could cause actual results to differ materially from those expressed in the forward-looking statements is included in Wachovia’s filings with the Securities and Exchange Commission.


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