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June 26, 2001
First Union Securities Kicks Off 11th Annual Nantucket Equity Conference
First Union Chairman and Chief Executive Officer Ken Thompson to Make Opening Remarks June 26

CHARLOTTE, NC -- First Union Securities today announced the start of its annual Equity Conference in Nantucket, Massachusetts, from June 26 through June 29 at the Harbor House Hotel. Now in its 11th year, the conference is a four-day event featuring presentations made by over 140 leading companies across a broad range of industries. This year, the conference has generated a record attendance of more than 250 institutional investors.

“This is going to be an outstanding equity event, and I am pleased to see we have set a new record for the number of attending companies and investors.  In my mind, what really sets this conference apart are the kinds of companies making presentations – all of which have demonstrated success and shown great vision within their respective industry sectors,” said Mickey Misera, managing director and head of Equity Capital Markets at First Union Securities.

First Union Corporation’s Chairman and Chief Executive Officer, Ken Thompson, will make introductory remarks at the opening dinner, Tuesday, June 26.

First Union (NYSE: FTU), with $253 billion in assets and stockholders' equity of $16 billion at March 31, 2001, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation.  The company operates full-service banking offices in 11 East Coast states and Washington, D.C., and full-service brokerage offices in 47 states and internationally. Online banking products and services can be accessed through www.firstunion.com.

Important Notice: First Union Securities is the trade name under which Charlotte based First Union Corporation conducts its investment banking, merger and acquisition, asset management and mutual fund, brokerage and insurance businesses.

First Union Securities includes: (1) First Union Securities, Inc. (“FUSI”), a registered broker-dealer and member NYSE/NASD and SIPC providing investment banking, merger and acquisition advisory and brokerage services to corporations, individuals and other institutions throughout the United States; (2) First Clearing Corporation (“FCC”), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (3) the Capital Markets and Capital Management Groups within First Union National Bank (“FUNB”), a national banking association, and its subsidiaries, providing asset management, lending, structured finance risk management, derivatives, and fiduciary services to institutions and individuals; (4) various subsidiaries within First Union Corporation providing investment advisory, administrative and other services to the Evergreen and Mentor families of mutual funds; and (5) various wholly-owned state insurance agencies.

Stocks, bonds, mutual funds or other securities offered or sold through First Union 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 First Union Corporation, FUNB or any bank; and involve investment risk, including possible loss of principal.


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