Wells Fargo & Company Declares Cash Dividends on Preferred Stock

  Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Business Wire

SAN FRANCISCO -- February 15, 2013

Wells Fargo & Company (NYSE: WFC) today announced dividends on four 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 March 15, 2013, to holders of record as of the
close of business on February 28^, 2013.

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 March
15, 2013, to holders of record as of the close of business on February 28,
2013.

A quarterly cash dividend of $325.00 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 $0.325 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 March 15, 2013, to holders of
record as of the close of business on February 28, 2013.

A quarterly cash dividend of $409.29 per share was declared on its 5.125%
non-cumulative perpetual class A preferred stock, Series O, liquidation
preference $25,000 per share. This dividend equals $0.40929 per depositary
share, each representing a 1/1,000th interest in a share of Series O preferred
stock, which is traded on the New York Stock Exchange under the symbol
“WFCPrO.” The Series O dividend is payable on March 15, 2013, to holders of
record as of the close of business on February 28, 2013.

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, and 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 more than
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)