Hampton Roads Bankshares Announces Public Offering Plans

Hampton Roads Bankshares, Inc.

today announced that it intends to offer shares of its common stock in a public offering. The Company currently expects gross proceeds from this offering to be between $54 million and $86 million and anticipates that final settlement of this offering will occur during the second quarter of 2012. This offering will be made pursuant to a prospectus supplement to the Company's prospectus, dated June 2, 2011, filed as part of the Company's effective universal shelf registration statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.