From Earlier: Fifth Third Bancorp Announces Federal Reserve Response to CCAR Capital Plan

As part of the Comprehensive Capital Analysis and Review, on January 9, 2012, Fifth Third Bancorp

submitted to the Federal Reserve a capital plan approved by its board of directors covering the period from January 1, 2012 to March 31, 2013. The Federal Reserve indicated to Fifth Third on March 13, 2012 that it does not object to the following capital actions: a continuation of its quarterly common dividend of $0.08 per share; the redemption of up to $1.4 billion in certain trust preferred securities; and the repurchase of common shares in an amount equal to any after-tax gains realized by Fifth Third from the sale of Vantiv, Inc. common shares by either Fifth Third or Vantiv. Vantiv has made preliminary filings related to a potential initial public offering. Fifth Third makes no representations as to whether, when or in what amounts any such gains may occur from any such sale. Fifth Third's Board of Directors will meet at its regularly scheduled meeting next week to take action on the first quarter 2012 common dividend. The Federal Reserve indicated to Fifth Third that it does object to other elements of its capital plan, including increases in its quarterly common dividend and the initiation of common share repurchases other than those described in the paragraph above. Fifth Third has previously stated that its capital plan was designed to limit the further growth of its common equity ratios, which are above targeted levels and regulatory requirements, during the CCAR period.