Bank of America Declares Preferred Dividends

Charlotte, NC - 2 October 2012

Bank of America Corporation have announced that the Board of Directors has authorized dividends on preferred stock.

A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on December 14, 2012 to shareholders of record as of November 30, 2012.

A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on November 15, 2012 to shareholders of record as of October 31, 2012.

A quarterly cash dividend of $1,011.11111 per share on the Floating Rate Non-Cumulative Preferred Stock, Series F, is payable on December 17, 2012, to the shareholder of record as of November 30, 2012.

A quarterly cash dividend of $1,011.11111 per share on the Adjustable Rate Non-Cumulative Preferred Stock, Series G, is payable on December 17, 2012, to the shareholder of record as of November 30, 2012.

A quarterly cash dividend of $0.5125 per depositary share on the 8.20 percent Non-Cumulative Preferred Stock, Series H, is payable on November 1, 2012 to shareholders of record as of October 15, 2012.

A quarterly cash dividend of $0.4140625 per depositary share on the 6.625 percent Non-Cumulative Preferred Stock, Series I, is payable on January 2, 2013 to shareholders of record as of December 15, 2012.

A quarterly cash dividend of $0.453125 per depositary share on the 7.25 percent Non-Cumulative Preferred Stock, Series J, is payable on November 1, 2012 to shareholders of record as of October 15, 2012.

A semi-annual cash dividend of $40.625 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series M, is payable on November 15, 2012 to shareholders of record as of October 31, 2012.

A quarterly cash dividend of $0.18750 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 1, is payable on November 28, 2012 to shareholders of record as of November 15, 2012.

A quarterly cash dividend of $0.19167 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 2, is payable on November 28, 2012 to shareholders of record as of November 15, 2012.

A quarterly cash dividend of $0.3984375 per depositary share on the 6.375 percent Non-Cumulative Preferred Stock, Series 3, is payable on November 28, 2012 to shareholders of record as of November 15, 2012.

A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 4, is payable on November 28, 2012 to shareholders of record as of November 15, 2012.

A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 5, is payable on November 21, 2012 to shareholders of record as of November 1, 2012.

A quarterly cash dividend of $0.41875 per depositary share on the 6.70 percent Noncumulative Perpetual Preferred Stock, Series 6, is payable on December 28, 2012 to shareholders of record as of December 14, 2012.

A quarterly cash dividend of $0.390625 per depositary share on the 6.25 percent Noncumulative Perpetual Preferred Stock, Series 7, is payable on December 28, 2012 to shareholders of record as of December 14, 2012.

A quarterly cash dividend of $0.5390625 per depositary share on the 8.625 percent Non-Cumulative Preferred Stock, Series 8, is payable on November 28, 2012 to shareholders of record as of November 15, 2012.

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