Wells Fargo Encourages Customers to Go Paperless, Invests in Tree Recovery Campaigns

Arbor Day Foundation partnership results in planting of 50,000 trees in California’s Six Rivers National Forest, distribution of tree seedlings in Joplin, Missouri

SAN FRANCISCO - April 19, 2012

In support of Earth Day, Wells Fargo (NYSE:WFC) announced the start of the Online Statements Sweepstakes to encourage customers to switch to paperless statements for eligible accounts. Customers have the chance to win $25,000 or one of 20 $1,000 prizes. In addition to the sweepstakes, Wells Fargo, in partnership with the Arbor Day Foundation, is planting 50,000 trees at California’s Six Rivers National Forest and distributing tree seedlings to residents in Joplin, Missouri.

“In appreciation of customers who choose paperless banking options whenever possible, we’re pleased to support the planting of trees, especially in areas of need,” said Martha Smolen, senior vice president at Wells Fargo Internet Services Group. “The trees planted at Six Rivers National Forest are expected to contribute to an improved ecosystem in the forest for years to come.” Six Rivers National Forest extends 140 miles south from the Oregon-California boarder, crossing through or near the Smith, Klamath, Eel, Trinity, Van Duzen and Mad rivers.

Also, Wells Fargo is a partner in the Foundation's Joplin Tree Recovery Campaign, to help the people of Joplin, Missouri, restore the community trees lost due to last year’s devastating tornado. The Foundation and Wells Fargo volunteers will distribute tree seedlings to Joplin residents on Saturday, April 21, 2012.

Online Statements Sweepstakes
Now through May 31, 2012, for each eligible statement Wells Fargo customers switch to online only statement delivery, customers will automatically be entered for a chance to win $25,000 or one of 20 $1,000 prizes. Eligible statements include those from these personal accounts: checking and savings, credit card, mortgage, home equity lines and loans, personal loans and student loans. No purchase or payment of any kind is necessary to enter or win this sweepstakes. Complete details and rules for the Online Statements Sweepstakes are available at http://www.wellsfargo.com/springsweeps.

According to December 2011 estimates using the Environmental Paper Network Paper Calculator and provided statements were not printed at home, Wells Fargo customers have helped save over 223,000 trees by turning off 649 million paper statements. “This Earth Day and every day, we encourage all of our customers to switch to paperless statements and notifications for the positive environmental impact, as well as the convenience and increased security,” added Martha Smolen.

More information on Wells Fargo’s partnership with the Arbor Day Foundation is available at http://www.arborday.org/wellsfargo.

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 other distribution channels across North America and internationally. With more than 270,000 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.

As of 2011, all deposit-taking ATMs in our network of more than 12,000 machines across the country are now entirely Envelope-Free.

Andrea Mahoney