6/18/2012 -- BB&T Corporation announced today that the trusts listed below will redeem in their entirety $3.1 billion in aggregate principal amount of issued and outstanding trust preferred securities. This move follows an announcement made by The Board of Governors of the Federal Reserve that proposes rules to phase-out the Tier 1 capital treatment for trust preferred securities. The issued and outstanding trust preferred securities will be redeemed on the redemption date specified for the securities in the notices that BB&T disseminated to the holders of the applicable securities (7/18/2012). The securities identified below will be redeemed within 45 days from today in accordance with the terms governing these securities. BB&T is redeeming the securities pursuant to redemption provisions relating to the occurrence of a "Capital Treatment Event" (as defined in the documents governing those securities). In each case, the redemption price will be 100% of the liquidation amount of each trust preferred capital security, together with accrued and unpaid interest to the redemption date. The redemptions will be funded with available cash. BB&T Capital Trust V Fixed to Floating Rate Enhanced Trust Preferred Securities $450,000,000 05530J205 BB&T Capital Trust VI 9.60% Enhanced Trust Preferred Securities $575,000,000 05531B201 BB&T Capital Trust VII 8.10% Enhanced Trust Preferred Securities $350,000,000 05531H208 ____________ This security is possibly subject to an early call as a result of the occurrence of a capital treatment event (see prospectus for further information) stemming from the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  BB&T Capital Trust VI, 9.60% Enhanced Trust Preferred Securities, liquidation amount $25 per share, guaranteed by BB&T Corp. (NYSE: BBT) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 8/1/2014 at $25 per share plus accrued and unpaid dividends, and maturing 8/1/2064 which may be extended to 8/1/2069. Distributions of 9.60% ($2.40) per annum are paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record on the record date which is one business day prior to the payment date while the securities remain in book-entry form (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by trust preferred securities are derived from interest paid to the underlying debt securities and therefore are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The company has the right, at any time, to defer dividend payments for up to 40 consecutive quarters without giving rise to an event of default (but not beyond the maturity date) and up to 20 consecutive quarters before the alternative payment mechanism takes effect. The trust's assets consist of the 9.60% Junior Subordinated Deferrable Interest Debentures due 8/1/2064, that may be extended to 8/1/2069, which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities 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	9.60% $2.40	$25.00 $25.00	Called for 7/18/2012 8/01/2069	Baa1 BBB 7/14/2012	2/1, 5/1, 8/1 & 11/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Address:   200 West Second Street, Winston-Salem, NC 27101
Main Phone Number	336-733-2000
Fax Number	336-733-0118
Investor Relations   Tamera Gjesdal	336-733-3058
Toll Free Phone Number	800-226-5228

CEO - Kelly S. King

CFO - Daryl Bible