Michael P. Alexander and Reginald A. Lang Jr., to Join Wachovia Securities Investment Banking Division

May 18, 2006


CHARLOTTE, N.C. — Wachovia Securities announced today that Mike Alexander and Reggie Lang have accepted offers to join the firm’s Media and Communications Investment Banking Group. Alexander, a managing director, and Lang, a director, will report to John White, who is head of the group.

“I am very pleased that Mike and Reggie have joined Wachovia, as both have terrific experience and relationships within these industries,” said White. “Mike has more than 12 years of experience focusing on both media and telecom companies and has a great track record advising clients and bringing innovative ideas to the table. Reggie has spent the past seven years in the media industry working on some of the most significant transactions in the space. Both Mike and Reggie will be great additions to the Wachovia platform.”

Alexander joins Wachovia Securities from JP Morgan Chase, where he was a managing director in the Technology, Media and Telecom Investment Banking Group in New York. In this role, he was responsible for the origination of M&A, equity, high yield and bank debt transactions for clients in cable, satellite, radio and television broadcasting sectors. During his career at JP Morgan Chase, Alexander worked in the firm’s San Francisco and London offices, and prior to joining his predecessor firm, he worked at NatWest Markets in London.

Lang joins Wachovia Securities from JP Morgan Chase, where he was a vice president in the Technology, Media and Telecom Investment Banking Group. In his former position, Lang was responsible for account coverage across media sectors and completed numerous M&A, equity and debt transactions.

Wachovia Securities Investment Banking practice provides a complete range of financing and advisory services to financial sponsor groups and corporate clients through eight industry groups: Consumer and Retail, Energy and Power, Financial Institutions, Healthcare, Industrial Growth, Media and Communications, Real Estate and Technology.

Wachovia Securities is the trade name for the corporate, investment banking, capital markets and securities research businesses of Wachovia Corporation and its subsidiaries, including Wachovia Capital Markets, LLC (WCM) and Wachovia Securities International Limited. Wachovia Securities is also the trade name for the retail brokerage businesses of WCM’s affiliates, Wachovia Securities, LLC, Wachovia Securities Financial Networks, LLC, Wexford Clearing, LLC, and First Clearing, LLC.

Wachovia Capital Markets, LLC, is a U.S. broker-dealer registered with the U.S. Securities and Exchange Commission and a member of the New York Stock Exchange, the National Association of Securities Dealers, Inc., and the Securities Investor Protection Corp. Wachovia Securities International Limited is a U.K. incorporated investment firm authorized and regulated by the Financial Services Authority.

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation’s largest diversified financial services companies, providing 13.4 million household and business relationships with a broad range of banking, asset management, wealth management and corporate and investment banking products and services. Wachovia operates as Wachovia Bank through 3,159 offices in 16 states from Connecticut to Florida and west to Texas, and, until merger integration activity is completed, will continue to be known as Western Financial Bank in California. Two core businesses operate under the Wachovia Securities brand name: retail brokerage in 49 states and in Latin America, and corporate and investment banking in selected industries nationwide. 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. Wachovia had assets of $541.8 billion, market capitalization of $90.2 billion and stockholders’ equity of $49.8 billion at March 31, 2006.

Contact Information

Amy H. Jones

Wachovia Corporation

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