May. 28, 2013-- Bank of America Corporation announced today that it has submitted redemption notices for its 6.70% Noncumulative Perpetual Preferred Stock, Series 6 (the Series 6 Preferred Stock), and the corresponding depositary shares representing fractional interests in the Series 6 Preferred Stock (the Series 6 Depositary Shares), and its 6.25% Noncumulative Perpetual Preferred Stock, Series 7, and the corresponding depositary shares representing fractional interests in the Series 7 Preferred Stock. This issue will be called for redemption on June 28, 2013 at $25.00 per share plus any accrued dividends/distributions. Jan. 1, 2009 -- Bank of America Corporation today completed its purchase of Merrill Lynch & Co., Inc. creating a premier financial services franchise with significantly enhanced wealth management, investment banking and international capabilities. ____________ From the Proxy Statement issued for the July 26, 2007 shareholder's meeting -- "Upon completion of the merger, (i) each share of First Republic 6.70% Noncumulative Perpetual Preferred Series A Shares issued and outstanding immediately prior to completion of the merger will be exchanged for one share of Merrill Lynch 6.70% Noncumulative Perpetual Preferred Stock, Series 6 and (ii) each share of First Republic 6.25% Noncumulative Perpetual Preferred Series B Shares issued and outstanding immediately prior to completion of the merger will be exchanged for one share of Merrill Lynch 6.25% Noncumulative Perpetual Preferred Stock, Series 7. The terms of the Merrill Lynch 6.70% Noncumulative Perpetual Preferred Stock, Series 6 and the Merrill Lynch 6.25% Noncumulative Perpetual Preferred Stock, Series 7 will be substantially identical to the terms of the corresponding series of First Republic preferred stock." See page 75 of the Proxy Statement for further information on the new Merrill Lynch preferred stock. ____________ For confirmation of the eligibility of FRC-A for the 15% tax rate, see the Tax Treatment of Preferred Dividends section on page 3 of the IPO prospectus.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Bank of America Corp., formerly Merrill Lynch & Co. Inc., 6.25% Depositary Shares of Series 7 Non-Cumulative Prepetual Preferred Shares, formerly the First Republic Bank, Depositary Shares each representing 1/40th of a 6.25% Noncumulative Prepetual Series B Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 3/18/2010 at $25 per share plus declared and unpaid dividends, and with no stated maturity. Noncumulative distributions of 6.25% ($1.5625) per annum are paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). 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. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See page 75 of the 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	6.25% $1.5625	$25.00 $25.00	Called for 6/28/2013 None	B1 BB+ 6/11/2013	3/30, 6/30, 9/30 & 12/30 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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Address:   100 North Tryon Street, Charlotte, NC 28255
Main Phone Number	704-386-5681
Fax Number	980-386-6699
Investor Relations   Jonathan G. Blum	212-449-3112
Toll Free Phone Number	800-299-2265

CEO - Brian T. Moynihan

CFO - Bruce R. Thompson