Wells Fargo & Company Announces Dividend

SAN FRANCISCO - January 26, 2010

Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.05 per share. The dividend is payable March 1, 2010, to stockholders of record on February 5, 2010. The Company has approximately 5.2 billion shares outstanding.

Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.