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Press release from Business Wire

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Monday, November 19, 2012

Wells Fargo & Company Declares Cash Dividends on Preferred Stock12:00 EST Monday, November 19, 2012 SAN FRANCISCO (Business Wire) -- 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. Wells Fargo & CompanyAncel Martinez, 415-222-3858 (Media)Jim Rowe, 415-396-8216 (Investors)