Press Releases

“This is a remarkable distinction for our Investor Relations team and our company,” said Tom Wurtz, CFO and head of Finance.  “This achievement reflects the great leadership of our Investor Relations team and our company’s commitment to financial transparency and disclosure with our shareholders.”

Wachovia’s Investor Relations team is led by Alice Lehman.  Lehman joined Wachovia in 1985 and has served as head of Investor Relations for more than 10 years.

The survey polled more than 850 portfolio managers and analysts at approximately 390 asset management firms around the world, in addition to every brokerage firm analyst who received votes in the magazine’s 2005 All-America Research Team rankings.  According to the survey results, the most valuable service Investor Relations officers can provide is transparent high-quality financial information.  The next two most important items include credibility, integrity and candor of the investor relations team and its ability to provide investors with access to top management.  Full details of the survey and results are available on Institutional Investor’s Web site at www.institutionalinvestor.com.

Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with banking operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $520.8 billion, market capitalization of $82.3 billion and stockholders’ equity of $47.6 billion at December 31, 2005. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve more than 13 million household and business relationships primarily through 3,131 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 719 offices in 49 states, Washington, D.C., and six Latin American countries. The Corporate and Investment Bank serves clients in selected industries nationwide. Global services are offered through 40 offices around the world. Online banking and brokerage products and services also are available through Wachovia.com.