Wells Fargo & Company Announces Second Quarter Dividend

SAN FRANCISCO - April 20, 2011

Wells Fargo & Company (NYSE: WFC) today announced a common stock dividend for the second quarter of $0.12 per share. The dividend is payable June 1, 2011, to stockholders of record on May 6, 2011. The Company has approximately 5.3 billion shares outstanding.

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 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 wachovia.com), and other distribution channels across North America and internationally. With approximately 280,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 19 on Fortune’s 2009 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.