Bank of America

Investor Relations

Bank of America Begins Common Stock Offering

CHARLOTTE, N.C., Oct. 6 /PRNewswire/ -- Bank of America Corporation today announced it has commenced an offering of approximately $10 billion of common stock. Bank of America expects the offering to include an option to purchase approximately 15 percent of the final offering in additional shares of common stock. The transaction is being conducted as a public offering registered under the Securities Act of 1933.

Banc of America Securities LLC and Merrill Lynch & Co. will serve as joint bookrunners for the offering.

A copy of the final prospectus supplement and accompanying prospectus relating to the offering, when available, may be obtained from Banc of America Securities LLC, Capital Markets (Prospectus Fulfillment) by e-mail to or by mail to Banc of America Securities LLC, Capital Markets Operations, 100 West 33rd Street, 3rd Floor, New York, NY 10001 or from Merrill Lynch & Co., Attn: Prospectus Department, 4 World Financial Center, New York, NY 10080 (212-449-1000).

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, more than 18,000 ATMs and award-winning online banking with more than 25 million active users. Bank of America offers industry leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state.

This announcement is only addressed to and directed at persons in member states of the European Economic Area ("EEA") who are "qualified investors" ("Qualified Investors") within the meaning of Article 2(1)(e) of the EU Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). Any person in the EEA who acquires any shares of common stock or to whom any offer of the shares of common stock is made will be deemed to have acknowledged and agreed that they are such a Qualified Investor.

Warning regarding forward looking statements

This press release contains forward looking statements within the meaning of the private securities litigation reform act of 1995 and the federal securities laws. These forward looking statements are based upon Bank of America's present expectations, but these statements and the implications of these statements are not guaranteed. For example, although this press release refers to the sale of approximately $10 billion of common stock, the amount of the offering may change or the offering may be withdrawn. Investors should not place undue reliance upon forward looking statements.

SOURCE Bank of America

Bank of America

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The information contained on this Investor Relations web site is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities.

The financial and other information that may be accessed on this Investor Relations web site speaks only as of the particular dates referenced in the information or the dates the information was originally issued. This information may have since become superseded as a result of later circumstances or events. Bank of America does not undertake any obligation, and disclaims any duty, to update this information. In addition, this information may contain forward-looking statements that are subject to various risks and uncertainties that could cause actual outcomes or results to differ materially from those expressed in or implied by any forward-looking statement. The risks and uncertainties that could affect the company's actual outcomes or results are discussed more fully in our most recent Annual Report on Form 10-K, as well as any updated risks and uncertainties contained in subsequent reports filed with the Securities and Exchange Commission.