2008 Annual Meeting of Shareholders

Tuesday, May 13th 2008 - Albemarle, NC - Shareholders of Uwharrie Capital Corp learned about their company’s development and future plans during the Company’s recent Annual Meeting of Shareholders held at the Stanly County Agri-Civic Center.

Boy Scout Troop 82 and Girl Scout Troop 2052 presented the colors. Recognitions of teachers of the year from Anson, Cabarrus and Stanly counties were presented by Chairmen of the Subsidiary Banks’ Boards of Directors, Ken Huntley of Anson Bank & Trust, Doug Stafford of Cabarrus Bank & Trust, and Jerry Long of Bank of Stanly. Honored were Jennifer Ross as Anson County’s Teacher of the Year, Sara Parnell as Cabarrus County’s Teacher of the Year, and Gregg Pait as Stanly County’s Teacher of the Year.

Additionally, the company honored an outstanding business honoree from Anson, Cabarrus and Stanly counties. Presidents and Chief Executive Officers Jim Strayhorn of Anson Bank & Trust, Pat Horton of Cabarrus Bank & Trust, and Bill Lawhon of Bank of Stanly presented awards to Michael & Alan Horne of Michael Horne Florist of Wadesboro, Terry & Sandy Engstrom of Carolina Pizza Huts Inc. of Concord and Roger & Darlene Hudson of Hudson Pool Distributor of New London.

During the business meeting, shareholders approved two proposals of business including the election of directors and ratification of appointment of Dixon Hughes PLLC as the independent registered public accounting firm.

Elected to the Uwharrie Capital Corp Board of Directors for 3-year terms were Joe Brooks of Albemarle; Ronnie Burleson of Richfield, Tad Geschickter of Stanfield; Chester Lowder of Norwood; John Murray of Albemarle; and Susan Rourke of Harrisburg.

At a brief meeting of the Uwharrie Capital Corp Board of Directors following the Annual Meeting, Mike Snyder was elected Chairman of the Board and John Murray was elected Vice Chairman for 2008 - 2009.

Uwharrie Capital Corp, located in Albemarle, NC, is a $411 million multi-bank holding company and the parent of Anson Bank & Trust (Anson County), Bank of Stanly (Stanly County), Cabarrus Bank & Trust (Cabarrus County), and Strategic Investment Advisors (an investment firm).

Uwharrie Capital Corp Reports 1st Quarter Earnings Tuesday, April 22nd 2008 - Albemarle, NC - Uwharrie Capital Corp reports a 17.8% increase in first quarter earnings which includes a 73% increase from mortgage origination activities as compared to ...