Wells Fargo & Company Declares Cash Dividends on Preferred Stock

  Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Business Wire

SAN FRANCISCO -- November 19, 2012

Wells Fargo & Company (NYSE: WFC) today announced dividends on three series of
preferred stock.

A quarterly cash dividend of $20.00 per share was declared on its 8.00%
non-cumulative perpetual class A preferred stock, Series J, liquidation
preference $1,000 per share. This dividend equals $0.50 per depositary share,
each representing a 1/40th interest in a share of Series J preferred stock,
which is traded on the New York Stock Exchange under the symbol “WFCPrJ.” The
Series J dividend is payable on December 17, 2012, to holders of record as of
the close of business on November 30, 2012.

A quarterly cash dividend of $18.75 per share was declared on its 7.50%
non-cumulative perpetual convertible class A preferred stock, Series L,
liquidation preference $1,000 per share, which is traded on the New York Stock
Exchange under the symbol “WFCPrL.” The Series L dividend is payable on
December 17, 2012, to holders of record as of the close of business on
November 30, 2012.

A quarterly cash dividend of $429.7222 per share was declared on its 5.20%
non-cumulative perpetual class A preferred stock, Series N, liquidation
preference $25,000 per share. This dividend equals $0.4297222 per depositary
share, each representing a 1/1,000th interest in a share of Series N preferred
stock, which is traded on the New York Stock Exchange under the symbol
“WFCPrN.” The Series N dividend is payable on December 17, 2012, to holders of
record as of the close of business on November 30, 2012.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial finance
through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s customers who
conduct business in the global economy. With approximately 265,000 full-time
equivalent team members, Wells Fargo serves one in three households in United
States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of
America’s largest corporations. Wells Fargo’s vision is to satisfy all our
customers’ financial needs and help them succeed financially.

Contact:

Wells Fargo & Company
Ancel Martinez, 415-222-3858 (Media)
Jim Rowe, 415-396-8216 (Investors)
 
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