April 28, 2008

First Horizon National Corp. Announces Public Offering of Common Stock

MEMPHIS, Tenn., Apr 28, 2008 (PrimeNewswire via COMTEX News Network) -- First Horizon National Corporation (NYSE:FHN) announced today a public offering of $600 million of its common stock. First Horizon intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of common shares sold pursuant to this transaction. All of the shares are being offered by First Horizon.

Goldman, Sachs & Co. and UBS Investment Bank are acting as joint book-running managers for the offering. FTN Midwest Securities is acting as a senior co-manager for the offering.

The offering will be made under First Horizon's existing shelf registration statement filed with the Securities and Exchange Commission. First Horizon expects to use substantially all of the net proceeds from this offering for general corporate purposes.

In addition, the Board of Directors of First Horizon has determined that after the dividend payable on July 1, 2008, it will no longer pay cash dividends but instead intends to pay dividends in shares of common stock for the foreseeable future. The current anticipated quarterly dividend rate is shares of common stock with a value equal to $.20 per share. The Board currently intends to reinstate a cash dividend at an appropriate and prudent level once earnings and other conditions improve sufficiently, consistent with regulatory and other constraints.

This press release is neither an offer to sell nor a solicitation of an offer to buy shares of common stock. The offering of these securities will be made only by means of a prospectus and a related prospectus supplement. When available, copies of the prospectus and prospectus supplement may be obtained from Goldman, Sachs & Co., Attn: Prospectus Dept., 85 Broad St., New York, NY 10004, fax (212)902-9316, e-mail prospectus-ny@ny.email.gs.com, or UBS Investment Bank, Prospectus Department, 299 Park Ave., New York, NY 10171, telephone (888)827-7275. Individual shareholders and investors who are interested in participating in this offering should contact their brokerage firms.

About First Horizon

The 10,000 employees of First Horizon National Corp. (NYSE:FHN) provide financial services to individuals and business customers through hundreds of offices located in more than 40 states. The corporation's three major brands -- First Tennessee, FTN Financial and First Horizon -- provide customers with a broad range of products and services including regional banking, capital markets and mortgage banking.

This news release contains various forward-looking statements. A discussion of various factors that could cause First Horizon's actual results to differ materially from those expressed in such forward-looking statements is included in First Horizon's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2007, and Current Report on Form 8-K, dated April 28, 2008.

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: First Horizon National Corporation

First Horizon National Corporation
          Media Information:
          Anthony Hicks
            (901) 523-4726
          Investor Relations:
          Dave Miller
            (901) 523-4162


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