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Media Contact:   Christy Phillips-Brown
(704) 383-8178

Investor Contact:   Alice Lehman
(704) 374-4139

Investor Contact:   Ellen Taylor
(704) 383-1381

October 16, 2007
WACHOVIA CORPORATION DECLARES CASH DIVIDEND ON COMMON STOCK

CHARLOTTE, N.C.—Wachovia Corporation (NYSE:WB) today announced that its board of directors approved the company's regular quarterly cash dividend on its common stock of 64 cents per share.   

The common stock dividend is payable on December 17, 2007, to shareholders of record as of the close of business on November 30, 2007. 

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, with assets of $719.9 billion and market capitalization of $97.5 billion at June 30, 2007. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to 13 million household and business customers. Wachovia has 3,400 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $795 billion in client assets through approximately 10,800 registered representatives in 774 offices in 48 states and through service affiliate offices in Latin America. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com; and investment products and services at evergreeninvestments.com.


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