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Press release from Business Wire

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Monday, May 20, 2013

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

17:28 EDT Monday, May 20, 2013

SAN FRANCISCO (Business Wire) -- Wells Fargo & Company (NYSE: WFC) today announced dividends on five 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 June 17, 2013, to holders of record as of the close of business on May 31,2013.

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 June 17, 2013, to holders of record as of the close of business on May 31, 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 June 17, 2013, to holders of record as of the close of business on May 31, 2013.

A quarterly cash dividend of $320.31 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 $0.32031 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 June 17, 2013, to holders of record as of the close of business on May 31, 2013.

A quarterly cash dividend of $306.25 per share was declared on its 5.25% non-cumulative perpetual class A preferred stock, Series P, liquidation preference $25,000 per share. This dividend equals $0.30625 per depositary share, each representing a 1/1,000th interest in a share of Series P preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrP.” The Series P dividend is payable on June 17, 2013, to holders of record as of the close of business on May 31, 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. 25 on Fortune's 2013 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 & Company
Ancel Martinez, 415-222-3858 (Media)
Jim Rowe, 415-396-8216 (Investors)

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