The South Financial Group to Present at Stephens Inc. Conference with Webcast Available

Business Wire, May 31, 2007

GREENVILLE, S.C. -- The South Financial Group, Inc. (NASDAQ: TSFG) is scheduled to present at the Stephens Inc. Spring Investment Conference in New York on Thursday, June 7th at 2:00 p.m. ET. Mack I. Whittle, Jr., Chairman, President, and Chief Executive Officer, will participate in the presentation.

Investors may access a live audio-webcast of the presentation through The South Financial Group's website, www.thesouthgroup.com, under the Investor Relations link. The presentation will be archived and available for 30 days after the conference concludes. Material that will be used in this presentation will be posted in the Investor Relations section of The South Financial Group's website under Presentations & Webcasts.

The South Financial Group, the largest publicly-traded bank holding company headquartered in South Carolina, ranks among the top 50 U.S. commercial bank holding companies in total assets. At March 31, 2007, it had approximately $14.2 billion in total assets and 170 branch offices in Florida, North Carolina, and South Carolina. TSFG focuses on fast-growing banking markets in the Southeast, concentrating its growth in metropolitan statistical areas. TSFG operates Carolina First Bank (NC, SC, and on the Internet as Bank CaroLine) and Mercantile Bank (FL). At March 31, 2007, approximately 46% of TSFG's total customer deposits were in South Carolina, 39% were in Florida, and 15% were in North Carolina. Investor information is available at www.thesouthgroup.com.