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Wachovia Announces Jane Sherburne to Become New General Counsel

                  Effective upon Mark Treanor's retirement

    CHARLOTTE, N.C., May 12 /PRNewswire-FirstCall/ -- Wachovia announced
today that Jane Sherburne, currently General Counsel for Citigroup's Global
Consumer Group, has accepted the position of General Counsel for Wachovia.
She will assume the role later this summer when Mark Treanor retires.
Treanor announced his intention to retire last year.

    "Jane is a distinguished lawyer, and we're extremely pleased to have
her join Wachovia's leadership team," said Ken Thompson, Wachovia President
and CEO. "She brings a wealth of experience and in-depth knowledge to our
company."

    Before her current role at Citigroup, Sherburne served as a deputy
general counsel overseeing that company's global litigation and providing
corporate- level legal support. She has also served as special counsel to
President Bill Clinton and was a partner at the Washington, D.C., firm of
Wilmer Cutler & Pickering. She has degrees from the University of Minnesota
and earned her Juris Doctor degree from Georgetown University Law Center,
where she was editor of the law review.

    In addition to serving as General Counsel, Sherburne will lead
Wachovia's Legal Division, which includes lawyers, paralegals and support
staff, as well as the Government Relations department.

    About Wachovia

    Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $808.9 billion and
market capitalization of $53.8 billion at March 31, 2008. Wachovia provides
a broad range of retail banking and brokerage, asset and wealth management,
and corporate and investment banking products and services to customers
through 3,300 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 $1.1 trillion in client assets
through 18,600 registered representatives in 1,500 offices nationwide.
Online banking is available at wachovia.com; online brokerage products and
services at wachoviasec.com; and investment products and services at
evergreeninvestments.com.



SOURCE Wachovia Corporation




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    Wachovia Corporation