Second Retirement Services Acquisition of 2008 Strengthens Market Position of a Core Business, Further Diversifies Sources of Revenue

WILMINGTON, Del., Jun 25, 2008 (BUSINESS WIRE) -- Wilmington Trust announced today that it has signed a definitive
agreement to acquire UBS Fiduciary Trust Company, a New Jersey-based
provider of trust and investment management services for retirement
plans.

UBS Fiduciary Trust Company (UBSFTC) is being acquired from global
financial services company UBS AG. It will become part of the
Retirement and Institutional Services group within Wilmington Trust's
Corporate Client Services (CCS) business. The agreement represents the
second acquisition this year in Wilmington Trust's retirement services
business. On April 30, 2008, Wilmington Trust completed the
acquisition of AST Capital Trust Company (AST), an Arizona-based
provider of directed trustee and trust administration services offered
through financial advisors.

"This new addition of retirement plan assets enhances our position
in an expanding marketplace and underscores our commitment to grow our
core businesses," said Ted T. Cecala, Wilmington Trust chairman and
CEO. "It also creates opportunities for future growth and further
strengthens our diverse sources of revenue."

Wilmington Trust has more than six decades of experience servicing
retirement plans. The Retirement and Institutional Services group
provides directed trustee, custodial, trading, and paying agent
services to more than 3,000 retirement and employee benefit plans with
more than $41 billion in assets under administration. The planned
acquisition of UBSFTC will add another 800 plans and $5.5 billion in
assets under administration to Wilmington Trust's retirement services
platform, bringing its totals to more than 3,800 plans and $46 billion
in assets, respectively.

Through an existing business alliance, AST already serves as an
outsource provider of fund accounting and benefit payment services to
UBSFTC's retirement plan clients. The trust and investment management
services of the newly acquired company will continue to be available
through 8,200 UBS financial advisors.

"We know USBFTC's retirement plan business well and understand the
needs of their clients," said Greg Tschider, head of Wilmington
Trust's Retirement and Institutional Services group. "Our service
delivery is based on our belief in the importance of building
long-lasting relationships with our clients, and we look forward to
serving all of these new Wilmington Trust clients for many years to
come."

Kevin Ruth, chairman of UBS Fiduciary Trust Company and head of
Wealth Planning U.S. for UBS, said, "The sale of UBS Fiduciary Trust
Company demonstrates our commitment to delivering the best client
experience for the company's plan sponsors and participants. Our
clients benefit because it combines their existing UBS financial
advisor with the scalable service model of AST/Wilmington Trust and is
consistent with our overall qualified retirement plan
open-architecture approach."

Pending regulatory approval, Wilmington Trust expects to complete
this transaction by late summer. Since AST already is performing
services for UBSFTC, Wilmington Trust expects the transaction will
have little effect on AST's or Wilmington Trust's staffing. Full terms
of this all-cash transaction, which will be non-dilutive to earnings
in 2008, were not disclosed.

In addition to offering retirement plan services, CCS is a leading
provider of institutional trustee, agency, asset management, and
administrative services for clients worldwide who use capital market
financing structures, as well those who seek to establish and maintain
nexus, or legal residency, for special purpose entities. The
acquisition of UBSFTC follows expansion investments Wilmington Trust
made in recent years to add new products and services to the CCS
business and to expand CCS' presence in Europe.

This release contains forward-looking statements that reflect
Wilmington Trust's current expectations. These statements rely on
assumptions and estimates and are subject to risks and uncertainties,
including the effect of potential changes in market conditions.

Wilmington Trust Corporation (NYSE: WL) is a financial services
holding company that provides Regional Banking services throughout the
mid-Atlantic region, Wealth Advisory Services for high-net-worth
clients in 36 countries, and Corporate Client Services for
institutional clients in 86 countries. Its wholly owned bank
subsidiary, Wilmington Trust Company, which was founded in 1903, is
one of the largest personal trust providers in the United States and
the leading retail and commercial bank in Delaware. Wilmington Trust
Corporation and its affiliates have offices in Arizona, California,
Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts,
Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina,
Vermont, the Cayman Islands, the Channel Islands, London, Dublin,
Frankfurt, Luxembourg, and Amsterdam.

SOURCE: Wilmington Trust Corporation

Wilmington Trust Corporation
News Media
Bill Benintende
Public Relations
302-651-8268
wbenintende@wilmingtontrust.com
or
Investors and Analysts
Ellen J. Roberts
Investor Relations
302-651-8069
eroberts@wilmingtontrust.com

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