THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

South Financial Group, Inc. (The) (TSFG)

3/17/2006 Proxy Information

TSFGs Directors and officers and their associates have had, and TSFG expects them to have in the future, banking transactions in the ordinary course of business with TSFGs banking subsidiaries. These transactions are on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated third parties. Such loans have not involved more than normal risks of collectibility nor have they presented any other unfavorable features. The aggregate dollar amount of these loans was approximately $39.5 million at December 31, 2005. During 2005, new loans of approximately $14.9 million were made, and repayments of principal totaled approximately $14.9 million.

From June 1997 until October 2003, Mr. Davis served as President and Chief Executive Officer of MountainBank Financial Corporation, which was acquired by The South Financial Group, Inc. in October 2003.

3/17/2005 Proxy Information

TSFGs Directors and officers and their associates have had, and TSFG expects them to have in the future, banking transactions in the ordinary course of business with TSFGs banking subsidiaries. These transactions are on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated third parties. Such loans have not involved more than normal risks of collectibility nor have they presented any other unfavorable features. The aggregate dollar amount of these loans was approximately $39.5 million at December 31, 2004. During 2004, new loans of approximately $34.0 million were made, and repayments of principal totaled approximately $14.8 million.

Mr. Gordon W. Campbell is a consultant to The South Financial Group, Inc. (TSFG) and Vice Chairman of Mercantile Bank.

Mr. J.W. Davis is President of Carolina First Bank's North Carolina operations. From June 1997 until October 2003, he served as President and Chief Executive Officer of MountainBank Financial Corporation, which was acquired by The South Financial Group, Inc. in October 2003.

3/17/2004 Proxy Information

TSFGs Directors and officers and their associates have had, and TSFG expects them to have in the future, banking transactions in the ordinary course of business with TSFGs banking subsidiaries. These transactions are on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated third parties. Such loans have not involved more than normal risks of collectibility nor have they presented any other unfavorable features. The aggregate dollar amount of these loans was approximately $20.3 million at December 31, 2003. During 2003, new loans of approximately $18.3 million were made, and repayments of principal totaled approximately $19.3 million.

William R. Timmons is the father of William R. Timmons III, who is a Board member.

Gordon W. Campbell is a consultant to The South Financial Group, Inc. (TSFG) and Vice Chairman of Mercantile Bank.

From November 1997 to December 1998, Mr. David C. Wakefield served as an independent consultant to The South Financial Group, Inc. (TSFG) following TSFG's acquisition of First Southeast Financial Corporation.

Mr. Campbell and Mr. Davis became board members in connection with TSFGs acquisition of Gulf West Banks, Inc. and MountainBank Financial Corporation, respectively.

3/18/2003 Proxy Information

TSFG's Directors and officers and their associates have had, and TSFG expects them to have in the future, banking transactions in the ordinary course of business with TSFG's banking subsidiaries. These transactions are on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated third parties. Such loans have not involved more than normal risks of collectibility nor have they presented any other unfavorable features. The aggregate dollar amount of these loans was approximately $21.3 million at December 31, 2002. During 2002, new loans of approximately $7.2 million were made, and repayments of principal totaled approximately $15.8 million.

Mr. William R. Timmons, Jr. is the father of William R. Timmons III.