Fifth Third Bancorp Announces Redemption of Fifth Third Capital Trust

Fifth Third Bancorp

today announced that it has submitted redemption notices to the trustee for redemption on August 15, 2012, of all $575,000,000 of the outstanding trust preferred securities issued by Fifth Third Capital Trust V

(CUSIP 31678W204). The Fifth Third Capital Trust V securities have a current distribution rate of 7.250 percent and a scheduled maturity date of August 15, 2067, although they may be redeemed at any time on or after August 15, 2012. The redemption price will be $25 per security, which reflects 100 percent of the liquidation amount, plus accrued and unpaid distributions to the actual redemption date of .453125 per security will be paid. The redemptions will be funded with available cash.