Wachovia Historical Financial Press Releases

Media Contact: Damon Ford
(704) 383-0092

Investor Contact: Alice Lehman
(704) 374-4139

March 12, 2007
Wachovia Launches New Online Pension Protection Act Resource Center for Retirement Clients

CHARLOTTE, NC – Wachovia Retirement Services (WRS) announces the launch of a new online service to provide plan sponsors with clarity and direction around the Pension Protection Act of 2006 (PPA) and its effect on the retirement services offered to plan participants.

The PPA Resource Center is a tool rich with pertinent information regarding current and ongoing developments around the PPA and includes:

Summary of Legislation - A document highlighting key retirement plan provisions of the bill

Webinars - Lists upcoming PPA-related Webinars, as well as links to recorded versions of past Webinars

eNews & Views Article Series - Provides links to past articles regarding the PPA

Official PPA Guidance - This table lists PPA-related Bulletins and Notices issued by the Internal Revenue Service (IRS) or Department of Labor (DOL), and indicates generally whether they require plan sponsor action

External Links - Links to Web sites sponsored by the IRS and DOL that provide relevant information about the PPA

"Educating and providing guidance to our clients is what we do best," states Joe Ready, Senior Vice President and director of WRS. "Although it is not intended to replace advice from legal counsel, the PPA Resource Center will assist plan sponsors in maneuvering through the minutia of this groundbreaking legislation and is intended to be a dynamic resource that's continually updated with new and timely information."

Responding to the signing of the PPA into law by President Bush in August 2006, WRS immediately began providing plan sponsors with various educational literature, articles, information and seminars. The PPA Resource Center represents the latest effort to provide one consolidated area where clients can go to review past materials as well as obtain the most recent updates.

About Wachovia Retirement Services
Wachovia Retirement Services is part of the Retirement and Investment Products Group, a division of Wachovia's Capital Management Group. Wachovia Retirement Services provides fully bundled defined contribution, defined benefit and nonqualified retirement plans to both small and large companies, unions and municipalities. More complete information about Wachovia Retirement Services is accessible online at wachovia.com/401k.

About Wachovia Corporation
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 3,375 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 742 offices in 49 states and nine service affiliate offices in Latin America, and corporate and investment banking in selected industries nationwide. Other nationwide businesses include mortgage lending in 39 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 December 31, 2006, Wachovia had assets of $707 billion and market capitalization of $108 billion.

Wachovia common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol WB. Before the September 1, 2001, merger of First Union and the former Wachovia, the common stock traded on the NYSE as FTU.

Information on this site dated after September 1, 2001, is provided under the Wachovia name, while historical information dated before September 1, 2001, is provided under the First Union name. Please note that historical information may have become out of date and should not be considered current. Wachovia does not undertake any obligation to update the information as a result of new information or subsequent developments. In addition, any forward-looking information is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could cause results to differ from expectations may be found in Wachovia's reports filed with the SEC.

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