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Dividend Information
Last Dividend Declaration: February 16, 2000
Dividend: $0.10 per share
Payable on: May 1, 2000
To Shareholders of Record on: April 15, 2000
Dividends, if approved by the Board of Directors, are customarily paid to the shareholders of record as follows:

Record Dates: January 15, April 15, July 15, and October 15
Payment Dates: February 1, May 1, August 1, and November 1

Cash dividends have increased every year since their initiation, or each year for six consecutive years for an annual compound increase of approximately 16%. Carolina First has declared seven 5% common stock dividends and a six-for-five stock split (declared 12/18/96).

Dividend Reinvestment Plan - Carolina First shareholders may purchase additional shares of common stock at a 5% discount by reinvesting their cash dividends. Participants in the Plan may also invest additional cash, up to a maximum of $10,000 per month, for purchase of common stock at market value. Please contact Investor Relations for more information.

Direct Deposit of Dividends - Carolina First Shareholders may elect to have their dividend payments deposited into personal bank accounts on the same day dividends are paid. Please contact our Transfer Agent for more information.