The underwriters of Wachovia Corporation’s concurrent offerings of 145,833,334 shares of common stock and 3,500,000 shares of Non-Cumulative Perpetual Convertible Class A preferred stock, Series L, have exercised in full their over-allotment options to purchase an additional 21,875,000 shares of common stock and an additional 525,000 shares of convertible preferred stock.
The prices for the additional shares of common stock and shares of convertible preferred stock are the same prices, respectively, at which the 145,833,334 shares of common stock and 3,500,000 shares of convertible preferred stock were sold to the underwriters.
Wachovia Securities is serving as global coordinator and joint bookrunning manager and Goldman, Sachs & Co. is serving as joint bookrunning manager of these offerings. The offerings are being made under Wachovia Corporation’s shelf registration statement filed with the Securities and Exchange Commission.