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Press release from Business Wire

Wells Fargo & Company Announces Dividend and Increased Common Stock Repurchase Authority

Tuesday, October 23, 2012

Wells Fargo & Company Announces Dividend and Increased Common Stock Repurchase Authority13:57 EDT Tuesday, October 23, 2012 SAN FRANCISCO (Business Wire) -- Wells Fargo & Company (NYSE:WFC) today announced a quarterly common stock dividend of $0.22 per share. The dividend is payable December 1, 2012, to stockholders of record on November 9, 2012. Wells Fargo has approximately 5.3 billion shares outstanding. The Wells Fargo board of directors also increased the company's authority to repurchase common stock by an additional 200 million shares. 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 more than 265,000 team members, Wells Fargo serves one in three households in the 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. Wells Fargo & CompanyAncel Martinez, 415-222-3858 (Media)Jim Rowe, 415-396-8216 (Investors)