THE SOUTH FINANCIAL GROUP

Corporate Profile
Financial Highlights
Letter to Shareholders
The Future of Banking
Five-Year Summary
Quarterly Financial Data
Financial Review
Balance Sheets
Income Statements
Auditors' Report
Financial Responsibility
Directors and Executives
Advisory Board
Locations
Shareholder Information
Company Information

www.thesouthgroup.com
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Shareholder Information

Dividend Information
Stock Listing
Stock Information
Annual Meeting
About The Annual Report
Form 10-K

Dividend Information

Calendar
Dividends Per Share Dividends, if approved by the Board of Directors, are customarily paid to 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

Direct Deposit
The South Financial Group offers shareholders the convenience of automatic deposit of dividends into personal bank accounts on the same day dividends are paid. For more information, please contact the Transfer Agent by phone at (800) 368-5948 or by e-mail at invrelations@rtco.com.

Dividend Reinvestment Plan
Shareholders may purchase additional shares of common stock at a 5% discount by reinvesting 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. For more information, please contact Investor Relations by phone at (800) 951-2699 ext. 54919 or by e-mail at mary.gentry@thesouthgroup.com.

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Stock Listing

The Nasdaq Stock Market
Ticker Symbol:
    CAFC (before April 19, 2000)
    TSFG (after April 19, 2000)

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Stock Information

At Year-end 1999 1998 % Change
Closing stock price   $ 18.25   $ 25.31 (27.9) %*
Book value per common share 15.93 14.60 9.1  
Shareholders of record 5,417 5,163 4.9  
Annual shares traded (000’s) 19,645 17,201 14.2  
Shares outstanding (000’s) 25,723 24,786 3.8  
Price/earnings multiple 17.22 22.40  
Price/book multiple 1.15 1.73  
* During the same period, the SNL Southeast Bank Index declined 21.3%.

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Annual Meeting

The Annual Meeting of Shareholders will be held at 10:30 a.m., April 19, 2000 at the Gunter Theatre, Peace Center for the Performing Arts, Greenville, South Carolina.

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About The Annual Report

The 1999 Annual Report is presented using a summary format intended to provide information in a concise, summarized manner. The audited financial statements are contained in Carolina First Corporation’s Annual Report on Form 10-K for the year ended December 31, 1999.

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Form 10-K

A copy of Carolina First Corporation’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission is available at no charge by contacting Investor Relations at the address under contact information.

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