Wilmington Trust Brings Captive Insurance Management Capabilities to Vermont; New Office Established in Burlington to Support Growing Business.

WILMINGTON, Del. -- Wilmington Trust, a leading provider of specialized management and fiduciary services to corporations worldwide, announced today that it has added Vermont to the list of jurisdictions in which it provides management services for captive insurance companies. Vermont joins Delaware, Nevada, South Carolina, and the Cayman Islands as leading jurisdictions in which Wilmington Trust offers these services.

The addition of Vermont is the latest step in Wilmington Trust's expansion of management services for captive insurance companies, also known as captives. In July, Wilmington Trust acquired Charleston Captive Management Company, based in Charleston, South Carolina. In addition, Wilmington Trust recently hired an executive, James Tullis, to lead its captive management sales efforts across jurisdictions.

According to recent statistics from the Captive Insurance Company Association, an industry group, Vermont is home to 717 captives, making it the leading captive jurisdiction in the United States. Hawaii ranks second, and South Carolina, with 119 captives, ranks third. Worldwide, only Bermuda has more captives than Vermont, and the Cayman Islands rank third.

"Vermont is an important player in the captive insurance management industry," said William J. Farrell, II, executive vice president and head of Wilmington Trust's Corporate Client Services business. "Bringing our captive management capabilities to the Green Mountain State underscores our commitment to the industry, and reflects our strategy to deliver services to corporate clients in the world's most advantageous business jurisdictions."

Wilmington Trust will develop its Vermont business from a new office in Burlington at 30 Main Street, Suite 220. Known locally as Wilmington Trust SP Services (Vermont), the office is headed by industry veteran Patrick Theriault. Before joining Wilmington Trust, Mr. Theriault was a director for Strategic Risk Solutions in Burlington. He has extensive experience in captive management, insurance accounting, and consulting services. He has served captives based in many of the industry's popular domiciles, including Vermont, Bermuda, Cayman Islands, Arizona, South Carolina, Tennessee, and Maryland. Mr. Theriault is a Certified Public Accountant (CPA(R)) and holds the AIAF and CPCU insurance industry designations (Associate in Insurance Accounting and Finance/Chartered Property Casualty Underwriters, respectively).

Captives, which are owned by the entities they insure, are usually formed by corporations that wish to better manage the cost and administration of their insurance coverage. Captives require a variety of administrative services to support their establishment and operation, including bookkeeping and insurance regulatory reporting, among others. These services, which the company markets to captives as Wilmington Trust Captive Management Services, are a natural extension of the entity management services that Wilmington Trust already provides in its Corporate Client Services business.

Wilmington Trust's Corporate Client Services business, which is international in scope and presence, provides specialized trust, administrative, and investment services for national and multinational institutions. Its entity management services help clients establish and maintain "nexus," or legal standing, in jurisdictions around the globe that offer favorable legal and tax environments. Its capital markets services are integral to many complex financing structures, including those backed by assets such as mortgages, loan receivables, or capital equipment. Its retirement services provide trustee and custodial services for pension plans, 401(k) plans, and other retirement plans.

Wilmington Trust Corporation (NYSE:WL) is a financial services holding company that provides wealth management and specialized corporate services to clients throughout the United States and in more than 50 other countries, and commercial banking services throughout the Delaware Valley region. Its wholly owned bank subsidiary, Wilmington Trust Company, was founded in 1903 and is the 15th largest personal trust provider in the United States. As of June 30, 2005, assets under management totaled $36.8 billion, including investment affiliates Roxbury Capital Management and Cramer Rosenthal McGlynn. Wilmington Trust Corporation and its affiliates have offices in California, Delaware, Florida, Georgia, Maryland, Nevada, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, and Dublin, and other affiliates in Milan. For more information, visit www.wilmingtontrust.com.