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ANNOUNCEMENTS

3/25/2010
Commercial & Industrial Conference: March 24-25, 2010

On March 24-25, 2010, the BB&T Capital Markets Commercial & Industrial Group will host a conference at the Waldorf=Astoria Hotel in New York' midtown. In its fourth year, this conference illustrates the breadth, depth, and diversity of BB&T Capital Market's commercial and industrial expertise. Attendees will be have the opportunity, in a 1x1 format, to visit with senior management of more than 70 leading companies involved in the manufacture, production, and distribution of industrial and commercial products and chemicals. It will be an excellent opportunity to get updates on key industry trends, including the state of the U.S. and global economies, conditions in specific markets, pricing, capacity, and growth investments.
2/19/2010
BBTCM Serves as Financial Advisor to Waste Associates on its Recapitalization by BlackEagle Partners

Waste Associates Holdings, LLC has been recapitalized through an investment from BlackEagle Partners, LLC. Waste Associates is a provider of solid waste management services throughout the Mid-Atlantic United States. BB&T Capital Markets served as the exclusive financial advisor to Waste Associates Holdings, LLC.
2/15/2010
Transportation Services Conference: February 9-10, 2011

On February 10-11, 2010, BB&T Capital Markets hosted their 25th ANNUAL TRANSPORTATION SERVICES Conference at the Biltmore Hotel in Coral Gables, Florida. This two-day conference included presentations by top executives with leading companies. Several panel and Q & A discussions were held focusing on key trends in the industry. One-on-one meetings with the invited companies were also available to attendees. Next year, our conference will be held at the Biltmore on February 9-10, 2011.
2/9/2010
BBTCM Serves as Co-Manager of Solar Capital Ltd.'s Initial Public Offering

Solar Capital Ltd. (NASDAQ: SLRC) announced the completion of its initial public offering of 5,680,945 shares of common stock at $18.50 per share for gross proceeds of $105,097,483. Concurrent with the offering, management purchased an additional 600,000 shares, also at $18.50. Solar expects to use substantially all of the net proceeds from this offering to make new investments in portfolio companies, for general working capital purposes and for temporary repayment of debt. Additionally, the Company also announced the closing of its newly amended and restated $270 million senior secured revolving credit facility, of which BB&T Capital Markets joined Solar Capital's existing lender group on this three year facility that matures in February 2013.
1/26/2010
BBTCM Serves as a Junior Bookrunner of Ares Capital Corporation's Follow-On Offering

Ares Capital Corporation (NASDAQ: ARCC) announced the completion of its public offering of 22,957,993 shares of common stock at $12.75 per share for gross proceeds of $292,714,411. The base offering was increased from its original 19,000,000 shares due to strong demand. Ares Capital expects to use the net proceeds to repay outstanding indebtedness under its revolving credit facility and for general corporate purposes, including to fund investments in its investment backlog and pipeline that, as of January 21, 2010, were approximately $137.7 million and $214.9 million, respectively.
1/21/2010
BB&T Capital Markets Serves as Co-Manager of Aegean Marine Petroleum Network's Follow-On Offering

Aegean Marine Petroleum Network Inc. (NYSE: ANW) announced the completion of its public offering of 4,491,900 shares of common stock at $32.75 per share for gross proceeds of $147,110,000. Aegean Marine Petroleum Network Inc., through its subsidiaries, operates as a marine fuel logistics company that supplies and markets refined marine fuel and lubricants to ships in port and at sea. It also markets and distributes marine lubricants under the Alfa Marine Lubricants brand name.
1/13/2010
BB&T Capital Markets Serves as a Co-Manager of Main Street Capital Corporation's Follow-On Offering

Main Street Capital Corporation (Nasdaq:MAIN) announced the completion of its public offering of 2,875,000 shares of common stock at $14.75 per share for gross proceeds of $42,406,250. Main Street used approximately $12 million of the net proceeds from the offering to repay outstanding debt borrowed under its $30 million investment credit facility to fund Main Street Capital II, LP capital commitments assumed by Main Street in its recently consummated exchange offer. BB&T Capital Markets' Financial Services Group served as a co-manager of the equity offering.
1/11/2010
BB&T Debt Capital Markets Serves as Co-Manager for Credit Suisse Sub Notes Offering

On January 11, 2010, Credit Suisse sold $2.5 billion of 5.4% subordinated notes due 2020 in a deal co-managed by BB&T Debt Capital Markets.
1/5/2010
BB&T Capital Markets Serves as Exclusive Financial Advisor to Zep Inc. in Acquisition of Amrep, Inc.

On January 5, 2010, Zep Inc. (NYSE:ZEP), a leading producer of specialty chemical products for industrial, institutional, and retail companies, announced that it has acquired Atlanta-based Amrep, Inc., a leader in maintenance chemicals for the automotive aftermarket as well as the janitorial market sold through distributors, for a cash purchase price of approximately $64.4 million. As a result of this transaction, Zep Inc.’s product and brand portfolio will now include Misty®, Next DimensionTM, i-Chem® and other Amrep proprietary brands.
1/5/2010
BB&T Capital Markets Serves as Financial Advisor to Zep Inc. in Acquisition of Amrep, Inc.

On January 5, 2010, Zep Inc. (NYSE:ZEP), a leading producer of specialty chemical products for industrial, institutional, and retail companies, announced that it has acquired Atlanta-based Amrep, Inc., a leader in maintenance chemicals for the automotive aftermarket as well as the janitorial market sold through distributors, for a cash purchase price of approximately $64.4 million, subject to post-closing working capital adjustments. As a result of this transaction, Zep Inc.’s product and brand portfolio will now include Misty®, Next DimensionTM, i-Chem® and other Amrep proprietary brands.
12/18/2009
BB&T Capital Markets Serves as the Financial Advisor to CoreStreet Ltd. in its sale to ActivIDentity

Fremont, California-based ActivIdentity Corporation (NASDAQ: ACTI) ("ActivIdentity") has acquired Cambridge, Massachusetts-based CoreStreet, Ltd. ("CoreStreet") for approximately $20 million. The transaction will be primarily funded by cash but will also include stock and warrants. The acquisition of CoreStreet supports ActivIdentity’s goal of making every digital interaction trustworthy by adding distributed identity credential validation solutions and physical access control products to the Company’s broad portfolio of strong authentication and credential management offerings.
12/14/2009
BB&T Capital Markets Serves as Co-Manager for ICF International's Completion of Public Offering

ICF International, Inc. (NASDAQ:ICFI) announced that it has closed its public offering of 3,565,000 shares of common stock at a price of $24.56 per share. The offering includes 465,000 shares sold following exercise by the underwriters of their over-allotment option to purchase additional shares. All of the shares in the offering were sold by the Company. Total net proceeds to the Company were approximately $83.3 million.
12/8/2009
BB&T Capital Markets Serves as a Joint Lead Manager of Triangle Capital's Follow-On Offering

Triangle Capital Corporation (Nasdaq:TCAP) announced the completion of its public offering of 1,794,000 shares of common stock at $12.00 per share for gross proceeds of $21,528,000. The base offering was increased from its original 1,300,000 shares due to strong demand.
12/4/2009
Scott & Stringfellow Serves as Sole Underwriter of Monarch Financial Holdings' Convertible Preferred

Monarch Financial Holdings, Inc. (Nasdaq: MNRK) announced a public offering of 800,000 shares of its 7.80% noncumulative convertible perpetual preferred stock. The offering was priced at $25.00 per share for total gross proceeds of $20,000,000. The offering was increased from its original 650,000 shares due to strong demand. Scott & Stringfellow fully exercised its over-allotment option to buy an additional 100,000 shares. Each share may be converted into 3.125 shares of common stock, which equates to an $8.00 per share conversion price
12/3/2009
BB&T Debt Capital Markets Serves as Co-Manager for HanesBrands

On December 3, 2009, HanesBrands Inc. raised $500 million through an issue of 8% Senior Notes due 2016 co-managed by BB&T Debt Capital Markets.
12/2/2009
BB&T Debt Capital Markets Serves As Co-Manager for Acuity Brands Senior Note Offering

On December 3, 2009, Acuity Brands issued $350MM of 6% Senior Notes due 2019. BB&T Debt Capital Markets served as co-manager for this issue.
12/2/2009
BB&T Debt Capital Markets Serves As Co-Manager for SCANA

On December 2, 2009, South Carolina Electric & Gas raised $150MM through an issue of 5.5% First Mortgage Bonds due 2039. The issue was co-managed by BB&T Debt Capital Markets.
12/2/2009
BB&T Debt Capital Markets Serves as Sole Manager for Prestige ABS Deal

On December 2, 2009, BB&T Debt Capital Markets served as Sole Manager on Prestige Auto Receivables Trust 2009-1, a non-TALF sub-prime auto ABS transaction. Prestige Financial Services, Inc. closed the asset-backed auto loan deal with a total note balance of $140.53 million comprised of a $122.39 million Class A and a $18.14 million Class B. The transaction was rated by S&P with Class A and Class B receiving ratings of A and BBB, respectively.
11/30/2009
Scott & Stringfellow, LLC Serves as Sole Manager to Monarch Financial Holdings, Inc.

Monarch Financial Holdings, Inc.(Nasdaq: MNRK)announced Monday, November 30, that its public offering of 700,000 shares of noncumulative convertible perpetual preferred stock was priced to the public at $25.00 per share for total gross proceeds of $17,500,000. Monarch had initially filed to offer 650,000 shares of preferred stock, but decided to increase the offering to 700,000 shares of preferred stock due to strong demand. The annual dividend rate was set at 7.80% and each share may be converted into 3.125 shares of common stock, which equates to an $8.00 per share conversion price. The preferred shares have been approved for quotation on theNasdaq Capital Market under the symbol "MNRKP."
10/7/2009
BB&T Debt Capital Markets Serves as Sole Manager for Spartanburg County, South Carolina

Spartanburg County Tourism Public Facilities Corporation issued $18,940,000 of tax-exempt Certificates of Participation to finance the development of park facilities and a countywide trail system. BB&T Debt Capital Markets served as the Sole Manager for the issue.
10/7/2009
BB&T Debt Capital Markets Serves as Remarketing Agent for Georgia Ports Authority

BB&T Capital Markets became the Remarketing Agent for $54,875,000 of Georgia Ports Authority’s Series 1996A, 2002, 2003, 2006 and 2007 Bonds. Branch Banking and Trust Company supported these substitutions with Direct-Pay Letters of Credit.
10/1/2009
Scott & Stringfellow Advises Millennium Bankshares in the Sale of its Warrenton Branch to Sonabank

Millennium Bankshares Corporation (OTCBB:MBVA) announced today that its wholly owned subsidiary, Millennium Bank, N.A. has completed the sale of its Warrenton, Virginia branch to Sonabank, a wholly owned subsidiary of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA), effective the close of business Friday, September 25, 2009. In the sale, Sonabank assumed approximately $26.6 million in deposits and purchased loans totaling $23.5 million and certain other fixed assets. Scott & Stringfellow, LLC advised Millennium on the sale of the Warrenton branch.
10/1/2009
BB&T Debt Capital Markets Serves as Financial Advisor for Virginia Public School Authority

The Virginia Public School Authority issued $481,285,000 of School Financing Refunding Bonds in a transaction which will produce over $28.7 million of debt service savings to be shared by the Commonwealth’s Literary Fund and by school systems across Virginia. BB&T Debt Capital Markets serves as Financial Advisor to the Authority.
9/24/2009
BB&T Debt Capital Markets Serves as Co-Senior Manager for Virginia College Building Authority

BB&T Debt Capital Markets served as Co-Senior Manager for $261,280,000 Educational Facilities Revenue and Refunding Bonds issued by the Virginia College Building Authority. The proceeds of the bonds will be used to refund prior obligations of VCBA and to finance the acquisition of equipment for public universities and colleges in the Commonwealth of Virginia.
9/23/2009
BB&T Debt Capital Markets Serves as Remarketing Agent for Knox County, Tennessee

BB&T Debt Capital Markets became the Remarketing Agent for $68,500,000 of Local Government Improvement Bonds issued for Knox County, Tennessee. Branch Banking and Trust Company provided a Standby Bond Purchase Agreement in support of the issue.
9/23/2009
Scott & Stringfellow, LLC Serves as Co-Manager for First Financial Holdings' Follow-on

First Financial Holdings, Inc. (Nasdaq: FFCH) announced that it has priced a public offering of 4,193,550 shares of its common stock in an underwritten public offering. Pricing was set at $15.50 per share, and gross proceeds from the offering are expected to be approximately$65.0 million. First Financial intends to use the net proceeds from this offering for general corporate purposes, which may include providing capital to support growth at its subsidiaries and other strategic business opportunities, including FDIC-assisted transactions. The funds will also position the company to redeem, pending Treasury's approval, some or all of the preferred stock issued to the U.S. Treasury Department.
9/17/2009
BB&T Capital Markets Serves as Co-Manager to Mueller Water Products Follow-On

Mueller Water Products, Inc. is a leading North American manufacturer and marketer of a broad range of water infrastructure, flow control and piping component system products for use in water distribution networks and treatment facilities. The Company acts as a distributor, especially in Canada, for products manufactured both internally and by other companies.
9/17/2009
BB&T Debt Capital Markets Serves as Sole Manager for Anco-Eaglin, Inc.

The Guilford County Industrial Facilities and Pollution Control Financing Authority issued $3,650,000 of Industrial Development Revenue Bonds to finance the construction and equipping of a manufacturing facility to be operated by Anco-Eaglin, Inc. Anco-Eaglin, Inc. is in the business of manufacturing industrial processing equipment for rendering, food, chemical, and associated industries. BB&T Debt Capital Markets served as the Sole Manager for the transaction, which is supported by a Letter of Credit from Branch Banking and Trust Company.
9/16/2009
BB&T Debt Capital Markets Serves as Co-Manager for Dormitory Authority of the State of New York

The Dormitory Authority of the State of New York issued $616,740,000 of Consolidated Service Contract of Refunding Revenue Bonds co-managed by BB&T Debt Capital Markets. The bonds were assigned a rating of AA- by Standard and Poors and a rating of A+ by Fitch, and included both taxable and tax-exempt bonds.
9/16/2009
BB&T Debt Capital Markets Serves as Co-Manager for the Kansas Development Finance Authority

BB&T Debt Capital Markets served as Co-Manager for the Kansas Development Finance Authority, Adventist Health System tax-exempt fixed rate bond issuance on September 16, 2009.
9/16/2009
BB&T Debt Capital Markets Serves as Remarketing Agent for NC Medical Care Comm.

BB&T Debt Capital Markets served as Remarketing Agent for the North Carolina Medical Care Commission, Lenior Memorial Hospital tax-exempt variable rate bond reoffering on September 16, 2009. The reoffering was in connection with BB&T providing a replacement letter of credit.
9/10/2009
Scott & Stringfellow, LLC Serves as Co-Manager for Union Bankshares Follow On Offering

Union Bankshares Corp. (NasdaqGS: UBSH) priced a public offering of 4,725,000 shares of its common stock in an underwritten public offering on September 10, 2009. Pricing was set at $13.25 per share, and gross proceeds from the offering are expected to be approximately $62.6 million. Union Bankshares intends to use the net proceeds from this offering for general corporate purposes, which may include support for organic and opportunistic acquisition-based growth, and at management's discretion, to repurchase all or a portion of the Series A Preferred Stock issued to the U.S. Treasury Department.
8/27/2009
BB&T Debt Capital Markets Serves as Co-Manager for the W.V. Hospital Finance Authority

BB&T Debt Capital Markets served as Co-Manager for the West Virginia Hospital Finance Authority, Charleston Area Medical Center tax-exempt fixed rate bond issuance on August 27, 2009.
8/13/2009
BB&T Capital Markets Serves as Co-Manager for Great Lakes Dredge & Dock raising $82.8MM

On August 18, 2009, Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) priced a follow-on equity offering of approximately 14.4 million common shares (including the over-allotment option) at $5.75 per share. BB&T Capital Markets' Commercial & Industrial Investment Banking Group served as a co-manager on the offering.
8/10/2009
BBTCM serves as Exclusive Financial Advisor on Wabash National Corp's $35MM Infusion

Wabash National Corporation has successfully closed the previously announced $35 million investment in the Company by Trailer Investments, LLC, an entity formed for this purpose by Lincolnshire Equity Fund III, L.P., a private equity investment fund managed by Lincolnshire Management, Inc. Wabash National Corporation is one of the leading manufacturers of semi-trailers in North America. BB&T Capital Markets served as the exclusive financial advisor to Wabash on the transaction.
6/18/2009
BB&T Capital Markets Serves as Co-Manager for Solutia, Inc.

Solutia, Inc. (NYSE:SOA) raised $139,125,000 in a follow-on offering co-managed by BB&T Capital Markets.
6/17/2009
BB&T Capital Markets Serves as Co-Manager for Genesee & Wyoming, Inc.

Genesee & Wyoming, Inc. (NYSE:GWR) raised $112,700,000 in a follow-on offering of common stock. The Company, headquartered in Greenwich, CT, is the second-largest operator of regional railroads in the United States and Canada.
6/11/2009
BB&T Capital Markets Serves as Co-Manager for Vulcan Materials Company

Vulcan Materials Corporation (NYSE: VMC) raised $542,225,000 in a public offering of common stock, including the full exercise of the over-allotment shares. Vulcan Materials is the largest producer of construction aggregates in the U.S. and a major producer of asphalt and concrete.
5/28/2009
BB&T Capital Markets Serves as Sole Book Runner for Main Street Capital's Follow-on

Main Street Capital Corporation (Nasdaq: MAIN) has priced a public offering of 1,437,500 shares of its common stock, including the full exercise of the over-allotment shares, in an underwritten public offering. Pricing was set at $12.10 per share, and net proceeds from the offering, after deducting underwriting discounts and estimated expenses payable by Main Street, are expected to be approximately $16.3 million.
5/22/2009
BB&T Capital Markets equity research analysts recognized by The WSJ and FT/StarMine

Five BB&T Capital Markets equity research analysts were recognized for their stock selection and earnings estimation performance in separate national surveys by The Wall Street Journal and Financial Times/StarMine. The following BB&T Capital Markets analysts were recognized: Holden Lewis, Jack Kasprzak, Andy Wolf, Michael Lewis and Newton Juhng. The BB&T Capital Markets Equity Research Department also was ranked in the FT/StarMine survey as No. 2 in the Most Productive Brokers category based on having the second-highest number of individual award winners compared with the total number of qualifying analysts.

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BB&T Capital Markets is a division of Scott & Stringfellow, LLC, member NYSE/SIPC. Scott & Stringfellow, LLC is a wholly-owned non-bank subsidiary of BB&T Corporation. This is neither an offer to sell nor a solicitation to buy any security. Not a deposit. Not FDIC insured. Not bank guaranteed. Not insured by any federal government agency. May go down in value.