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Preferred Stock and Trust Preferred Securities Summary

Wells Fargo capital issuances include preferred stock, depositary shares (representing interests in shares of preferred stock) and trust preferred securities, some of which are listed on the New York Stock Exchange, as well as private transactions. The following summarizes certain terms of these depositary shares and trust preferred securities and includes links to the relevant prospectus supplements for these securities, if available.

A potential investor should carefully read the relevant prospectus supplement and accompanying prospectus to understand fully the terms of these securities, as well as the tax and other considerations that are important in making a decision about whether to invest in one of these securities.

Preferred Stock

Dividends for each of the preferred stock issuances listed below are non-cumulative, with the exception of the DEPs shares, which no longer pay a dividend.

Issuance	Announcement Date	Callable Date	Coupon	Final Maturity	Payment Dates	Record Dates
Non-Cumulative Convertible Perpetual Preferred Series L (WFC L) (PDF) CUSIP: 949746804 Amount: $4,025 million	04/14/2008	Optionally convertible – currently to 6.3814 common shares	7.5%	Perpetual	03/15, 06/15, 09/15, 12/15	Last day of month preceding payment date
Non-Cumulative Perpetual Preferred Series K (PDF) CUSIP: 949746PM7 Amount: $3,500 million	02/05/2008	03/15/2018	Fixed to floating (7.98% to 3/18; 3mL + 377 bps thereafter)	Perpetual	03/15, 09/15 until 03/15/2018; then 03/15, 06/15, 09/15, 12/15	Last day of month preceding payment date
Non-Cumulative Perpetual Preferred Series J (WFC J) (PDF) CUSIP: 949746879 Amount: $2,300 million	12/18/2007	12/15/2017	8%	Perpetual	03/15, 06/15, 09/15, 12/15	Last day of month preceding payment date
Non-Cumulative Perpetual Preferred Series I CUSIP: N/A Amount: $2,501 million	03/15/2011	03/15/2011	Greater of (i) 3mL + 93 bps, and (ii) 5.56975%	Perpetual	03/15, 06/15, 09/15, 12/15	Last day of month preceding payment date
Non-Cumulative Perpetual Preferred Series N (PDF) Perpetual CUSIP: 949746747 Amount: $750 million	08/09/2012	09/15/2017	5.20%	Perpetual	03/15, 06/15, 09/15, 12/15	Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series O (PDF) CUSIP: 949746721 Amount: $650 million	11/13/2012	12/15/2017	5.125%	Perpetual	03/15, 06/15, 09/15, 12/15	Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series P (PDF) CUSIP: 949746655 Amount: $625 million	03/15/2013	06/15/2018	5.25%	Perpetual	03/15, 06/15, 09/15, 12/15	Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series Q (PDF) CUSIP: 949746556 Amount: $1,725 million	07/15/2013	09/15/2023	5.85%	Perpetual	03/15, 06/15, 09/15, 12/15	Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series R (PDF) CUSIP: 949746465 Amount: $840 million	12/11/2013	03/15/2024	6.625%	Perpetual	03/15, 06/15, 09/15, 12/15	Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series S (PDF) CUSIP: 949746RG8 Amount: $2,000 million	04/14/2014	06/15/2024	Fixed to Floating (5.90% to 6/24; 3mL + 311bps thereafter	Perpetual	06/15, 12/15 until 06/15/2024; then 03/15, 06/15, 09/15, 12/15	Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series T (PDF) CUSIP: 949746366 Amount: $800 million	07/14/2014	09/15/2019	6.00%	Perpetual	03/15, 06/15, 09/15, 12/15	Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series U (PDF) CUSIP: 949746RN3 Amount: $2,000 million	01/15/2015	06/15/2025	Fixed to Floating (5.875% to 6/25; 3mL + 399bps thereafter)	Perpetual	06/15, 12/15 until 06/15/2025; then 03/15, 06/15, 09/15, 12/15	Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series V (PDF) CUSIP: 94988U730 Amount: $1,000 million	09/08/2015	12/15/2020	6.00%	Perpetual	03/15, 06/15, 09/15, 12/15	Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series W (PDF) CUSIP: 94988U714 Amount: $1,000 million	01/19/2016	03/15/2021	5.70%	Perpetual	3/15, 06/15, 09/15, 12/15	Last business day of month preceding payment date
Non-Cumulative Perpetual Preferred Series X (PDF) CUSIP: 94988U672 Amount: $1,150 million	06/08/2016	09/15/2021	5.50%	Perpetual	03/15, 06/15, 09/15, 12/15	Last business day of month preceding payment date
Dividend Equalization Preferred Shares (see more information below) (WFCNP) CUSIP: 949746887 Amount: 97,000 shares	09/01/2001	01/01/2022	Not applicable	Perpetual	Not applicable	Not applicable
Wells Fargo Real Estate Investment Corporation Cumulative Perpetual Preferred Series A (PDF) CUSIP: 94988N207 Amount: $275 million	12/04/2014	12/11/2019	6.375%	Perpetual	3/31, 6/30, 9/30, 12/31	The fifteenth day of the month in which the dividend payment is scheduled to occur, or if such day is not a business day, the following business day

Trust Preferred Security Backed by Preferred Stock

Dividends for the issuance listed below are non-cumulative.

Issuance	Announcement Date	Callable Date	Coupon	Final Maturity	Payment Dates	Record Dates
Wachovia Capital Trust III (PDF) CUSIP: 92978AAA0 Amount: $2,500 million	01/24/2006	03/15/2011	Greater of 3mL + 93 bps or 5.56975%	Perpetual	03/15, 06/15, 09/15, 12/15	Last day of month preceding payment date

Trust Preferred

Note: Dividends for each of the Trust Preferred issuances listed below are cumulative.

Issuance	Announcement Date	Callable Date	Coupon	Final Maturity	Payment Dates	Record Dates
Wells Fargo Capital X (PDF) CUSIP: 94978SAA7 Amount: $750 million	11/27/2006	12/15/2036	Fixed to floating (5.95% to 12/36; 1 mL + 185 bps thereafter)	12/01/2086	06/15, 12/15	One business day prior to payment date
First Union Capital II (PDF) CUSIP: 33735YAA6 Amount: $300 million	11/09/1999	Not applicable	7.95%	11/15/2029	05/15, 11/15	15th calendar day before payment date
Central Fidelity Capital I (PDF) CUSIP: 15346WAB6 Amount: $100 million	04/17/1997	04/15/2007	Floating rate (3 mL + 100 bps)	04/15/2027	01/15, 04/15, 07/15, 10/15	One business day prior to payment date
Wachovia Capital Trust II (PDF) CUSIP: 929768AA7 Amount: $300 million	01/28/1997	01/15/2007	Floating rate (3 mL + 50 bps)	01/15/2027	01/15, 04/15, 07/15, 10/15	One business day prior to payment date
Corestates Capital III (PDF) CUSIP: 21869MAA5 Amount: $300 million	01/27/1997	02/15/2007	Floating rate (3 mL + 57 bps)	02/15/2027	02/15, 05/15, 08/15, 11/15	First day of the month of payment date
Wells Fargo Capital II (PDF) CUSIP: 94974PAA7 Amount: $150 million	01/23/1997	01/30/2007	Floating rate (3 mL + 50 bps)	1/30/2027	01/30, 04/30, 07/30, 10/30	One business day prior to payment date
Corestates Capital II (PDF) ISIN: USU20660AA18 Amount: $150 million	01/09/1997	01/15/2007	Floating rate (3 mL + 65 bps)	01/15/2027	01/15, 04/15, 07/15, 10/15	First day of the month of payment date

Get more information on Dividend Equalization Preferred Shares on our Investor Relations FAQs.