Jim Rowe to Succeed Bob Strickland as Director of Wells Fargo Investor Relations

Strickland to retire after 31 years at Wells Fargo

SAN FRANCISCO - February 11, 2010

Wells Fargo & Company (NYSE: WFC) announced today that Jim Rowe will succeed Bob Strickland as director of Investor Relations when Strickland retires at the end of June after a 31-year career with Wells Fargo.

“We’re fortunate to have someone of Jim’s caliber to now lead Investor Relations” said Chief Financial Officer Howard Atkins. “On behalf of everyone at Wells Fargo, I would like to extend our gratitude to Bob for his leadership, his contribution to the financial strength of our company and his singular role in building the company’s credibility over many years and throughout many challenging times with investors and analysts. Bob is simply the best IR professional in the business. It has truly been my pleasure to work so closely with him, particularly as we’ve made our way through so many challenges together. He will be sorely missed by both team members and shareholders.”

Strickland plans to move from San Francisco back to Minneapolis to spend more time with his family.

Rowe was named deputy director of Wells Fargo Investor Relations in 2007 and has nearly 30 years of experience in the financial services industry. Before that, he was head of product sales and marketing in the Internet Services Group.

“Jim has proven himself to be a terrific partner to me and the other senior leaders in the company,” Atkins said. “Bob and Jim have worked closely together over the past few years, ensuring that this will be a smooth transition. I look forward to working with Jim as he builds on Bob’s legacy of providing outstanding service to the investment community.”

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.