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Covington Advises Trustmark on Equity Issuance, Redemption of TARP Preferred Stock

December 9, 2009

NEW YORK, December 9, 2009 — Trustmark Corporation completed on December 7, 2009 the issuance of 5.4 million shares of Common Stock, raising gross proceeds of $115 million, in a transaction underwritten by UBS and J.P. Morgan. Today Trustmark announced that it completed the redemption of $215 million of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, which it had issued to the U.S. Treasury in November 2008 as part of the government’s Troubled Asset Recovery Program -- Capital Purchase Program. The redemption of the TARP Preferred Stock was funded, in part, with the net proceeds of the Common Stock offering. Covington & Burling LLP represented Trustmark in the issuance of the Common Stock and the redemption of the TARP Preferred Stock, and had previously represented Trustmark in the issuance of the TARP Preferred Stock to the U.S. Treasury.

Trustmark is a financial services company providing banking and financial solutions with more than 150 offices in Florida, Mississippi, Tennessee, and Texas.

The Covington team was led by corporate partner Bruce Bennett, and included associates Jeremy Hirsh, Richard Kruger, Rucia Pei (tax) and Meenakshi Roy. All are based in the firm’s New York office.

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