Wells Fargo & Company Announces Third Quarter Dividend

SAN FRANCISCO - July 26, 2011

Wells Fargo & Company (NYSE: WFC) today announced a common stock dividend for the third quarter of $0.12 per share. The dividend is payable September 1, 2011, to stockholders of record on August 5, 2011. Wells Fargo & Company has approximately 5.3 billion shares outstanding.

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 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 275,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.