6/11/2013 -- Fifth Third Bancorp (Nasdaq: FITB today announced that the board of directors has authorized the conversion into Fifth Third's common stock, no par value of all outstanding shares of Fifth Third's 8.50% Non-Cumulative Convertible Perpetual Preferred Stock, Series G which shares are represented by depositary shares each representing 1/250th of a share of Series G Preferred Stock. Accordingly, effective as of the close of the market on July 1, 2013 (Conversion Date) Fifth Third will convert all 16,450 outstanding shares of Series G Preferred Stock, which shares are represented by 4,112,500 Depositary Shares, into shares of Fifth Third's Common Stock in accordance with the terms and conditions set forth in the Articles. Each share of Series G Preferred Stock is convertible into 2,159.8272 shares of Common Stock on the Conversion Date, subject only to any anti-dilution rate adjustment as may be required by the Articles. Provided no anti-dilution rate adjustment is required, each Depositary Share will be convertible into 8.6393 shares of Common Stock, and the aggregate number of shares of Common Stock issuable upon the conversion will be approximately 35,529,160 shares. The shares of Common Stock issuable upon the conversion are already included in Fifth Third's fully diluted share calculations in its historical financial statements. Following the conversion, the newly issued shares of Common Stock will also be included in Fifth Third's actual shares outstanding. Upon the conversion, the Depositary Shares (Nasdaq: FITBP) will be delisted from the NASDAQ Global Select Market and withdrawn from such Exchange. The Depositary Shares will no longer trade on the Exchange after the market closes on the Conversion Date. Additionally, Fifth Third's board of directors has declared a final cash dividend of $543.06 per share on all outstanding shares of Series G Preferred Stock, which equates to approximately $2.172 for each Depositary Share. This final Series G dividend covers the full dividend period that began on March 31, 2013 and the partial dividend period that will end on the Conversion Date. The final Series G dividend is payable on Monday, July 1, 2013 to shareholders of record as of Friday, June 21, 2013.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Fifth Third Bancorp, 8.50% Depositary Shares each representing a 1/250th interest in a share of the 8.50% Non-Cumulative Perpetual Convertible Preferred Stock, Series G, liquidation preference $100 per depositary share, not redeemable at the issuer's option at any time, and with no stated maturity. Distributions of 8.50% ($8.50) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is at least 2 business days 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. 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-59 of the prospectus for further information). The depositary preferred shares are convertible any time at the holder's option into 8.6393088 (calculated) common shares of Fifth Third Bancorp (Nasdaq: FITB), an initial conversion price of $11.575 per common share. On or after 6/30/2013, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions 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	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
NGS Chart	8.50% $8.5	$100.00 n.a.	Called for 7/01/2013 None	Ba1 BBB- 10/06/2013	8.6393088 $11.575	3/31, 6/30, 9/30 & 12/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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Address:   Fifth Third Center, Cincinnati, OH 45263
Main Phone Number	513-534-5300
Fax Number	Not Available
Investor Relations   Jim Eglseder	513-534-8424
Toll Free Phone Number	800-972-3030

CEO -  Kevin T. Kabat

CFO - Daniel T. Poston