Bank of America Completes Sterling Offering

LONDON (PROTEXT) - Bank of America Corporation (NYSE: BAC)announced today that it has completed its previously announcedsterling offering of 300 million pounds ($474 million equivalent)in floating-rate notes distributed primarily in Europe. The five-year notes bear interest at the sterling LondonInterbank Offered Rate (LIBOR) plus a margin of 3/16% per annum.Interest is payable quarterly on the 8th of January, April, Julyand October, beginning on October 8, 1999. The notes mature onJuly 8, 2004. Bank of America International Limited was the lead manager ofthe offering. Co-lead managers were Barclays Capital, DeutscheBank, Lehman Brothers and Merrill Lynch International, and co-managers were Royal Bank of Scotland plc and Warburg Dillon Read. The issue was not registered with the U.S. Securities andExchange Commission and was offered exclusively to investorsoutside the United States. Proceeds will be used for generalcorporate purposes. Bank of America Corporation, with $614 billion in totalassets, is the parent of the largest bank in the United States. www.bankofamerica.com ots Original Text Service: Bank ofAmerica Corporation Internet: http://www.newsaktuell.de Contact:Bob Stickler of Bank of America Corporation, 704-386-8465 Website: http://www.bankofamerica.com

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