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April 30, 2003

Wachovia Championship Tickets Sell Out

Excitement generated by prestigious inaugural event

CHARLOTTE N.C., April 30, 2003 - Tickets have sold out for the inaugural Wachovia Championship at Quail Hollow Club, tournament officials announced today. More than 30,000 tickets were sold including dailies, weeklies and hospitality packages.

"The response from the Charlotte USA region has been tremendous," said Kym Hougham, tournament director. "We're offering a premier event on a spectacularly beautiful golf course with one of the best fields on the PGA TOUR."

The Wachovia Championship debuts at Quail Hollow Club May 5-11. The tournament has already received commitments from 16 of the top 20 PGA TOUR money leaders including 2003 Master's champion Mike Weir, Davis Love III, Vijay Singh, Nick Price, Justin Leonard and Fred Couples. Players have until Friday, May 2, at 5:00 EDT to commit.

"This is the type of response that we had hoped for," said Mac Everett, Wachovia Championship general chairman and senior executive vice president for corporate and community affairs at Wachovia. "Everyone has worked so hard to make the Wachovia Championship a special PGA TOUR event."

Patrons purchasing weekly ticket books for this year's event will have first right of refusal to purchase tickets again next year.

About Wachovia

Wachovia Corporation (NYSE:WB), created through the Sept. 1, 2001, merger of First Union and Wachovia, had assets of $320 billion and stockholder's equity of $29 billion at March 31, 2002. Wachovia is a leading provider of financial services to 20 million retail, brokerage and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 49 states and global services through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com and firstunion.com.

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