Aug. 1, 2019 -- BB&T Corporation announced today that it will redeem all outstanding shares of its 5.850 percent Series D Non-Cumulative Perpetual Preferred Stock and the corresponding depositary shares representing fractional interests in the Series D Preferred Stock. BB&T will also redeem all outstanding shares of its 5.625 percent Series E Non-Cumulative Perpetual Preferred Stock and the corresponding depositary shares representing fractional interests in the Series E Preferred Stock. The Series D Depositary Shares (NYSE: BBT PRD, CUSIP: 054937206), each representing a 1/1,000th interest in a share of Series D Preferred Stock, and the Series E Depositary Shares (NYSE: BBT PRE, CUSIP: 054937404), each representing a 1/1,000th interest in a share of Series E Preferred Stock, will be redeemed simultaneously with the redemption of the respective Series D Preferred Stock or Series E Preferred Stock, in each case at a redemption price of $25 per depositary share (equivalent to $25,000 per share of preferred stock). All 23 million outstanding Series D Depositary Shares, and all 46 million outstanding Series E Depositary Shares, will be redeemed on the dividend payment date of Sept. 1, 2019. Regular dividends on the outstanding shares of the Series D Preferred Stock of $365.625 per share (equivalent to $0.365625 per depositary share) and regular dividends on the outstanding shares of the Series E Preferred Stock of $351.5625 per share (equivalent to $0.3515625 per depositary share) will be paid separately to holders of record as of Aug. 14, 2019, in the customary manner. Accordingly, the redemption price for the Series D Preferred Stock and the redemption price for the Series E Preferred Stock will not include any accrued and unpaid dividends. On and after the redemption date, all dividends on the shares of Series D Preferred Stock and all dividends on the shares of Series E Preferred Stock will cease to accrue. In addition, since Sept. 1, 2019, is not a business day, all of the redemption price per preferred share, redemption price per depositary share and regular quarterly dividends for each of the Series D Preferred Stock and Series E Preferred Stock will be paid on the next succeeding business day, Sept. 3, 2019. ____________ The Distribution dates and record dates for BBT-D, BBT-E & BBT-F have be changed in accordance with a vote of the shareholders on 4/23/2013. The new payment and record dates are as follows: Distributions will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be the 15th calendar day prior to the payment date or on the record date fixed by the board, not more than 30 days prior to the payment date. For further information, see the form 8-K filed with the SEC on 4/26/2013 and the news releases issued by BBT on 2/26/2013 & 4/23/2013.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  BB&T Corp., 5.625% Depositary Shares each representing a 1/1000th interest in a share of the Series E Non-Cumulative Perpetual Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 8/1/2017 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. These original payment & record dates are obsolete, see the note below: Non-cumulative distributions of 5.625% per annum ($1.40625 per annum or $0.3515625 per quarter) will be paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record on the record date that will be 15 calendar days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event (see the prospectus for further information) which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-7 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	5.63% $1.41	$25.00 $25.00	Called for 9/01/2019 None	Baa1 BBB- 3/18/2019	3/1, 6/1, 9/1 & 12/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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RBaytosh@BBandT.com

Address and Phone Numbers

Address:   200 West Second Street, Winston-Salem, NC 27101
Main Phone Number	336-733-2000
Fax Number	336-733-0118
Investor Relations   Richard Baytosh	336-733-0732
Toll Free Phone Number	800-226-5228

CEO - Kelly S. King

CFO - Daryl Bible