Wells Fargo Completes Remarketing

SAN FRANCISCO, February 10, 2011 – Wells Fargo & Company (NYSE: WFC) today announced that it has successfully remarketed $2,501,000,000.00 aggregate principal amount of its Remarketable Junior Subordinated Notes due 2042 (the “Notes”), as required by the Indenture dated as of February 1, 2006 between the Company (as successor to Wachovia Corporation) and U.S. Bank, National Association, as trustee, as supplemented by the First Supplemental Indenture dated as of February 1, 2006. As a result of the remarketing, the interest rate on the Notes was reset to a rate of 3.653% per annum, commencing February 15, 2011.

Wells Fargo & Company 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 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.

This announcement is not an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Notes in the remarketing in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.

Wells Fargo Provides Notice Regarding Remarketed Senior Debentures Due 2033

San Francisco, March 17, 2010 – Wells Fargo & Company (NYSE: WFC) today announced a notice of scheduled yield reset on May 3, 2010 and notice of purchase right related to its Remarketed Senior Debentures Due 2033 (the “Debentures”), as required by the Indenture dated as of April 15, 2003 between the Company and Citibank, N.A., as trustee, as amended. Because less than $50 million aggregate original principal amount of the Debentures is outstanding, a remarketing of the Debentures will not be conducted, and holders will be deemed to automatically elect to require the Company to purchase the Debentures for cash at 100% of their accreted principal amount as of May 3, 2010. If a holder of the Debentures wants to retain Debentures and therefore does not want the Company to purchase such Debentures, such holder must notify Wells Fargo Bank, N.A., as paying agent, on or before April 16, 2010 of the aggregate principal amount of Debentures such holder does not want the Company to purchase.

A beneficial owner of the Debentures should contact the broker, dealer, trust company, bank or other nominee through which it owns the Debentures to determine the procedure, if it wishes to elect to retain the Debentures.

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.

This announcement is not an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.

Wells Fargo Completes Remarketing

SAN FRANCISCO, May 1, 2009 – Wells Fargo & Company (NYSE: WFC) today announced that it has remarketed $2,843,545,986.35 aggregate accreted principal amount of its Remarketed Senior Debentures Due 2033 (the “Debentures”), as required by the Indenture dated as of April 15, 2003 between the Company and Citibank, N.A., as trustee, as amended. As a result of the remarketing, the accreted principal amount of the Debentures will accrete at a rate of 3.90213% per annum, commencing May 1, 2009.

The Debentures were remarketed pursuant to the terms of the Indenture at a remarketed offering price of 100.05% of their accreted principal amount. The Company purchased all of the Debentures in the remarketing. Net proceeds of the remarketing will be paid to holders of the Debentures that elected to participate in the remarketing. The next remarketing reset date for the Debentures is May 3, 2010.

Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,400 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.

This announcement is not an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in the remarketing in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.

Wells Fargo Provides Notice of Remarketing of Debentures

SAN FRANCISCO, March 17, 2009 – Wells Fargo & Company (NYSE: WFC) today announced a notice of remarketing of its Remarketed Senior Debentures Due 2033 (the “Debentures”), as required by the Indenture dated as of April 15, 2003 between the Company and Citibank, N.A., as trustee, as amended. If a holder of the Debentures wants to retain Debentures and therefore does not want to have such Debentures remarketed, such holder must notify Wells Fargo Bank, N.A., as paying agent, on or before April 16, 2009 of the aggregate principal amount of Debentures such holder does not want to have remarketed.
Holders of the Debentures will have the right to require the Company to purchase for cash all or a portion of the Debentures at 100% of their accreted principal amount as of May 1, 2009, if any Debentures submitted for remarketing are not sold or if a condition precedent in the remarketing agreement is not fulfilled. Holders of the Debentures who participate in the remarketing are deemed to exercise this purchase right. Other holders must notify Wells Fargo Bank, N.A. on or before May 1, 2009 to exercise that right.
A beneficial owner of the Debentures should contact the broker, dealer, trust company, bank or other nominee through which it owns the Debentures to determine the procedure to elect to not participate in the remarketing or to require the Company to purchase the Debentures.
Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 11,000 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. has the highest credit rating currently given to U.S. banks by Moody’s Investors Service, “Aa1,” and Standard & Poor’s Ratings Services, “AA+.”
This announcement is not an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in the remarketing in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.

Wells Fargo Successfully Remarkets Floating Rate Convertible Senior Debentures

SAN FRANCISCO, May 1, 2008 – Wells Fargo & Company (NYSE: WFC) today announced that it has remarketed $2,899,023,500 aggregate original principal amount of its Floating Rate Convertible Senior Debentures Due 2033 (the “Debentures”) issued under the Indenture dated as of April 15, 2003 between the Company and Citibank, N.A., as trustee, as amended (the “Indenture”). As a result of the remarketing, the principal amount of the Debentures will accrete at a rate of 3.55175% per annum, commencing May 1, 2008.
The Debentures were remarketed pursuant to the terms of the Indenture at a remarketed offering price of 100.05%. Net proceeds of the remarketing will be paid to holders of the Debentures that elected to participate in the remarketing. The next remarketing reset date for the Debentures is May 1, 2009.
Wells Fargo & Company is a diversified financial services company with $595 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest possible credit rating from both Moody's Investors Service, “Aaa,” and Standard & Poor's Ratings Services, “AAA.”
This announcement is not an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in the remarketing in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.

Wells Fargo Provides Notice of Potential Remarketing of Floating Rate Convertible Senior Debenture

SAN FRANCISCO, April 2, 2008 – Wells Fargo & Company (NYSE: WFC), as required by the Indenture dated as of April 15, 2003 between the Company and Citibank, N.A., as trustee, as amended (the “Indenture”), today announced a notice of potential remarketing of its Floating Rate Convertible Senior Debentures Due 2033 (the “Debentures”). The remarketing of the Debentures will take place if a Remarketing Reset Event (as defined in the Indenture) occurs on May 1, 2008. To elect to participate in the remarketing, holders of the Debentures must notify Wells Fargo Bank, N.A., as paying agent, on or before April 30, 2008 of the aggregate principal amount of Debentures such holder wishes to have remarketed if a Remarketing Reset Event occurs.
Holders of the Debentures will have the right to require the Company to purchase for cash all or a portion of the Debentures at 100% of the original principal amount, plus any accrued and unpaid interest to May 1, 2008, if any Debentures submitted for remarketing are not sold or a condition precedent in the remarketing agreement is not fulfilled. Holders must notify Wells Fargo Bank, N.A. on or before May 1, 2008 to exercise that right.
A beneficial owner of the Debentures should contact the bank, broker, dealer, trust company or other nominee through which it owns the Debentures to determine the procedure to elect to participate in the remarketing or to require the Company to purchase the Debentures.
Wells Fargo & Company is a diversified financial services company with $575 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest possible credit rating from both Moody's Investors Service, “Aaa,” and Standard & Poor's Ratings Services, “AAA.”
This announcement is not an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in the remarketing in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.

 
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