2nd Quarter 2010

Wells Fargo Today

Who we are

Who we are
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 stores and 12,000 ATMs and the Internet (wellsfargo.com and wachovia.com) across North America and internationally.

Were headquartered in San Francisco, but were decentralized so every local Wells Fargo store is a headquarters for satisfying all our customers financial needs and helping them succeed financially. One in three households in America does business with Wells Fargo. Wells Fargo has $1.2 trillion in assets and more than 278,000 team members across our 80+ businesses. We ranked fourth in assets and third in market value of our stock among our U.S. peers as of June 30, 2010. Our vision: We want to satisfy all our customers financial needs and help them succeed financially.

Reputation
FORTUNE 19th in Revenue Among All Companies in All Industries (2010) Worlds 39th Most Admired Company (2010) Forbes One of Americas Best Big Companies (2008) Top 100 Best Companies in the World (2010) Barrons BusinessWeek Worlds 50 Most Respected Companies (2010) Best Places to Launch a Career (2009) Americas #2 Most Generous Corporate Foundations (2010) Newsweek Human Rights Campaign U.S. Environmental Protection Agency Diversity Inc. Americas #1 Green Bank and #13 Greenest Big Company (2009) Perfect Score of 100 on Corporate Equality Index (2009) Top 20 Green Power Partner Companies (2009) Top 50 Companies for Diversity (2010) Top 10 Companies for Asian Americans Top 10 Companies for Lesbian, Gay, Bisexual, and Transgender Employees LATINA Style Mortgage Bankers Association American Customer Satisfaction Index InformationWeek Office of the Comptroller of the Currency Global Finance FImetrix Juniper Research Bank Technology News Brand Keys United Way of America Top 50 U.S. Companies for Latinas (2009) #1 Commercial Real Estate Lender (2009) Americas #1 Large Bank for Customer Satisfaction (2009) #4 Most Innovative Business Technology Organization (2009) Outstanding for Community Reinvestment Act performance (2009) Best Consumer Internet Bank and Best Corporate/Institutional Internet Bank in the U.S. (2010) #2 market share for primary correspondent bank relationships (2009) Future Mobile Award (2010) #1 Bank Technology Innovator of the Year (2009) #1 Bank Brand in Customer Loyalty Engagement Index (2010) Summit Award for Exceptional Volunteerism (2010)

North Americas most extensive financial services network

#1 in U.S.

#2 in U.S.

#3 in U.S.

Banking stores (Wells Fargo and Wachovia stores in Key facts* as 0f 6/30/10 39 states & D.C.) Total stores (Wells Fargo and Wachovia stores) Assets $1.2 trillion Total mortgage producer; Retail mortgage producer Mortgage lender to low-to-moderate income home buyers Team members 278,000 (2009 HMDA data) Customers 70 million Mortgage stores Prime home equity originator Stores more than 10,000 Small business lender (U.S. in total dollar volume per 2008 Community Reinvestment Act data) ATMs 12,199 National SBA 7a lender in dollar volume (combined with Wachovia for 2009 fiscal year) Market Value $134 billion Commercial real estate lending and brokerage in the U.S. of Stock Deposits Issuer of Debit Cards Mortgage servicer Family wealth provider Mutual fund family among U.S. banks Annuity distributor Arranger of asset-based loans by volume and by number of transactions (2Q 2010, Thomson Reuters) Largest bank-owned leasing company Branded bank ATM owner (Wells Fargo and Wachovia ATMs) Full-service retail brokerage provider based on number of Financial Advisors and client assets Wealth management provider U.S. loan syndication bookrunner by number of transactions (2Q 2010, Thomson Reuters) Leveraged loan issuer by number of transactions and volume (2Q 2010, Thomson Reuters) High grade corporate loan issuer by number of transactions (2Q 2010, Thomson Reuters)
* Includes Wells Fargo and Wachovia

#4 in U.S. #5 in U.S. #6 in U.S. #7 in U.S.

Top Senior Managers of Competitive bond issues (Thomson Reuters, as of 6/30/10) Issuer of Variable Rate Demand Notes (VRDN) by par amount remarketed (Thompson Reuters,
as of 6/30/10)

IRA provider Institutional retirement plan recordkeeper U.S. equity capital markets bookrunner by volume (Thomson Reuters) Issuer of Credit Cards Domestic High yield bond issuer by number of deals (2Q 2010, Bloomberg)

#9 in U.S.

Our Businesses Social Responsibility

We promote economic development and self-sufficiency through community development, financial education, cash contributions, affordable housing, environmental stewardship, and through the efforts of our enthusiastic team member volunteers. In 2009, Wells Fargo invested $202 million in 18,000 nonprofits nationwide, surpassing $200 million for the second year in a row. Our success comes from a time-test formula: local people making local decisions because they know best what their communities need.

Contributions by Category
Arts and Culture 11% Civic 4% Community Development 26% Education 30% Environmental 1% Human Services 24% Other 4%

In 2009, Wells Fargo invested:

$7.4 million in grants to local and national nonprofit housing organizations to create sustainable homeownership. $1.5 billion in CRA qualified community development loans and investments that have provided financing for affordable
housing, community services, economic development, community revitalization and job creation for low- and moderateincome individuals and communities. team members.

$61 million in grants to 6,500 educational programs and schools, and $14.4 million in matched educational donations from $590.4 million spent with minority-, woman-, LGBT- , veteran-, disabled- veteran- and/or disabled-owned businesses. 1.23 million team member hours; team members raised a record $41.9 million during the annual Community Support/
United Way campaign. United States.

$6 billion in environmental loans and investments, since 2004 including investing in 230 renewable-energy projects in the
Additional information about our achievements in social responsibility is available at: https://www.wellsfargo.com/about/csr/.

Our Businesses

152 122 90 31 123 1,041 129 171 8 262 96 18 13 801 50 690 140 278 53 45 77 23 37 1 291 322 147 47 27 178 57 24 295 312 20 81 30 84 75

Regional Banking

6,445 banking stores in 39 states & D.C. (Wells Fargo and Wachovia) More than 20 million retail households One of the United States most extensive
banking franchises

Banking stores*
Alabama (140) Alaska (50) Arizona (262) Arkansas (4) California (1,041) Colorado (171) Connecticut (75) Delaware (20) District of Columbia (30) Florida (690) Georgia (278) Idaho (90) Illinois (23) Indiana (37) Iowa (77) Kansas (8) Maryland (81) Michigan (24) Minnesota (178) Mississippi (13) Montana (47) Nebraska (45) Nevada (123) New Jersey (312) New Mexico (96) New York (84) North Carolina (322) North Dakota (27) Ohio (1) Oregon (122) Pennsylvania (295) South Carolina (147) South Dakota (53) Tennessee (18) Texas (801) Utah (129) Virginia (291) Washington (152) Wisconsin (57) Wyoming (31)

*Includes Wachovia locations, still to be converted to Wells Fargo banking stores. Customers should continue to bank as usual.

Our Businesses Wells Fargo Online

Wells Fargo is a leading provider of online financial services, offering individual consumers, small and middle market businesses and large corporations a full range of banking, money movement, investing, asset management and other financial and risk management products and services through the online channel. The free* and secure Wells Fargo MobileSM Banking service also allows consumer and small business customers to connect to their Wells Fargo accounts through three easy ways to use mobile banking including mobile web (wf.com) and text messaging (93557). Customers may also access wf.com through our Android, BlackBerry, iPhone and iPod touch, or Palm mobile banking applications (apps) to quickly log in to check their accounts or to find the nearest Wells Fargo ATMs.

Online and Mobile Banking

17.6 million combined active online customers 3.4 million combined active mobile customers Celebrating 15 years of online banking this quarter, Wells Fargo continued its history of innovation, becoming the first and
only bank to offer an ATM e-receipt option to its online banking customers, giving customers the choice to either have an ATM receipt sent to an online banking inbox or to a designated personal e-mail account

*Mobile carriers text messaging and web access charges may apply

ATM Banking

12,199 Wells Fargo and Wachovia ATMs. 6,548 Envelope-Free ATMs make deposits easier, accepting deposits in stacks of 30 checks or 50 bills. Cash is credited
SM

immediately; check amounts are automatically read and images are shown on the screen and receipt, and the business day is extended to 8pm. on-screen language options (English, Spanish, Chinese, Hmong, Korean, Vietnamese). Wells Fargo is upgrading all Wachovia ATMs to offer these same features.

Wells Fargos exclusive ATM machines automatically remember customers language preference, and provides six different Wells Fargo and Wachovia ATMs feature voice instructions for the visually impaired.
Wells Fargo Customer Connection
Contact centers providing primary telephone service and sales channel 24/7 for customers across the territory; 31 sites with 12,000 team members handling over 500 million customer contacts annually, creating best-in-class multi-channel customer experiences via phone banker, Voice Response Unit (VRU), email, and correspondence for consumer, credit card, business banking, home equity, and online banking customers.

Wells Fargo Debit and Consumer Credit Card

#2 debit card issuer 38.0 million debit card accounts Including Wachovia: 10.2 million credit card accounts $15.6 billion in total credit card outstandings

Our Businesses

34 16 2 2 2 136 5 26 7 15 5 11 19 16 6 4 31 4 7 48 6 21 5 1 2 22 11 4 22 6 27 29 2 7 1 28 14 12 30 6 23 14 31 2 4 7

Wells Fargo Home Mortgage

3 21 3

Nations #1 total mortgage producer (2009 year-end data, Inside Mortgage Finance) and #2 servicer of home mortgages (2009 year-end data, Inside Mortgage Finance).

Serving all 50 states through more than

12 million loans Originations: $427.2 billion (Wells Fargo Owned Mortgage Servicing: $1.8 trillion #1 retail reverse mortgages originator #1 originator of renovation financing

2,000 mortgage and Wells Fargo banking stores, and the internet

and Wachovia data combined, year-end 2009, as reported by Wells Fargo to Inside Mortgage Finance) (Wells Fargo and Wachovia data combined, year-end 2009, as reported by Wells Fargo to Inside Mortgage Finance)

Wells Fargo Home Mortgage stores*

Alabama (6) Alaska (4) Arizona (15) Arkansas (6) California (136) Colorado (26) Connecticut (7) Delaware (6) Florida (48) Georgia (21) Idaho (2) Illinois (22) Indiana (11) Iowa (2) Kansas (7) Kentucky (4) Louisiana (7) Maine (3) Maryland (14) Massachusetts (21) Michigan (12) Minnesota (28) Mississippi (4) Missouri (19) Montana (7) Nebraska (1) Nevada (2) New Hampshire (4) New Jersey (23) New Mexico (5) New York (31) North Carolina (29) North Dakota (1) Ohio (22) Oklahoma (11) Oregon (16) Pennsylvania (30) Rhode Island (3) South Carolina (5) Tennessee (16) Texas (31) Utah (5) Vermont (2) Virginia (27) Washington (34) Washington D.C. (2) West Virginia (6) Wisconsin (14) Wyoming (2)

*Excludes Mortgage locations inside banking stores.

Our Businesses Personal Credit Management

Unsecured personal lines of credit and unsecured personal loans, transportation loans, boat loans and other vehicle loans and loans secured by bank deposits. Primary sales channels: Wells Fargo Regional Bank, Internet/wellsfargo.com and Wells Fargo Phone Bank.

Accounts: 2 million Portfolio Balances: $6.5 billion New accounts in Q1,10: 20,505

Wells Fargo Financial

Wells Fargo Financial has served millions of customers for more than 100 years by providing responsible and affordable lending solutions through its own stores. With the Wachovia merger in place, Wells Fargo customers now have access to more than 6,600 community banking stores from coast-to-coast, along with more than 2,200 Wells Fargo Home Mortgage stores. This distribution makes Wells Fargo Financials separate network of 638 consumer lending stores duplicative and no longer economically viable, therefore Wells Fargo Financials network of U.S. consumer-finance stores will close. Over the next twelve months, its remaining business lines will be realigned with business units elsewhere within Wells Fargo. These business lines include:

U.S. Retail Sales Finance U.S. Consumer Real Estate Collections Team Canada Collections Team Wells Fargo Auto Finance Wells Fargo Financial Leasing Wells Fargo Preferred Capital Matsco Reliable Finance
Most consumer lending products previously offered by Wells Fargo Financial will remain available through Wells Fargos community banking and home mortgage stores as well as our network of phone banks and wellsfargo.com. We will continue to offer credit products and services to as many credit-worthy customers as possible, utilizing common systems and processes in the community banking and home mortgage stores. Wells Fargo Financial no longer originates non-prime portfolio real estate loans, although Wells Fargo will continue to offer FHA loans for purchase and refinance through the Home Mortgage division.

Our Businesses Wealth, Brokerage and Retirement

One of the largest wealth management, retail brokerage and retirement providers in the U.S. The group focuses on providing solutions that meet clients unique needs. It provides comprehensive planning and advice, investment management, retail brokerage, private banking, retirement and trust and estate services.

Retail Brokerage

Wells Fargo Advisors operates the nations third-largest retail brokerage business with approximately 15,100 full-service financial advisors in locations nationwide and 5,100 licensed bankers in Wells Fargo and Wachovia banking stores. Brokerage administers $1.1 trillion in client assets, including $199 billion in managed account assets, and $79 billion in deposits. Wells Fargo Advisors combines the capabilities of a large, national retail brokerage company with the culture of a smaller, regional firm through its commitment to Financial Advisors and client relationships. The company provides an array of services, including planning and advice, asset management, estate investment planning, retirement planning and portfolio monitoring. Wealth Management and Family Wealth administer $141 billion in client assets and $46 billion in deposits. Wealth Management also manages 112,000 trust accounts. Wealth Management provides affluent and high-net-worth clients with a complete range of wealth management solutions that include private banking, investment management, trust and estate services, holistic financial and business planning services and charitable services along with bank-based brokerage through Wells Fargo Advisors and Wells Fargo Investments, LLC. Family Wealth provides services to ultra-high net worth clients with at least $50 million in relationship assets and is the nations second-largest multi-family office practice according to the Family Wealth Alliance, LLC. Wells Fargo Retirement is a leader in providing retirement services to retail customers and companies. Wells Fargo is the nations sixth-largest IRA provider according to Cerulli with $238 billion in client assets and is the nations second-largest annuity distributor according to the Sun Life Distributor Survey. Ranked as the nations sixth-largest recordkeeper by PLANSPONSOR Magazine, Wells Fargo services 401(k), pension and other retirement plans for 3.6 million employees and pensioners, totaling $211 billion in assets, and is a leading provider of retirement educational services to plan sponsors and participants. Wells Fargo also administers $251 billion in custody assets, provides investment solutions and executive benefits consulting to institutional clients and delivers reinsurance services to global insurance companies.

Wealth Management

Retirement

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Our Businesses

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20 18 12 3 12 118 10 29 20 31 5 13 33 9 13 13 63 4 4 12 28 36 66 28 12 18 23 11 25 41 58 9 44 58 67 6 13 17 5 50 4 31 2 23

Wealth, Brokerage and Retirement

22 20

73 2

70

Brokerage Stores*
Alabama (25) Alaska (2) Arizona (31) Arkansas (22) California (118) Colorado (29) Connecticut (17) Delaware (4) Florida (70) Georgia (41) Hawaii (4) Idaho (12) Illinois (63) Indiana (28) Iowa (13) Kansas (20) Kentucky (12) Louisiana (20) Maine (4) Maryland (31) Massachusetts (23) Michigan (36) Minnesota (12) Mississippi (11) Missouri (33) Montana (4) Nebraska (13) Nevada (12) New Hampshire (13) New Jersey (50) New Mexico (5) New York (67) North Carolina (58) North Dakota (4) Ohio (58) Oklahoma (13) Oregon (18) Pennsylvania (66) Rhode Island (5) South Carolina (23) South Dakota (9) Tennessee (18) Texas (73) Utah (10) Vermont (6) Virginia (44) Washington (20) Washington D.C. (2) West Virginia (9) Wisconsin (28) Wyoming (3)

*Includes Wells Fargo Advisors Private Client Group and Financial Network locations. Does not include brokerage locations in banking stores and international offices.

Wealth, Brokerage and Retirement provides financial products and services through various banking and brokerage affiliates of Wells Fargo & Company including Wells Fargo Advisors and Wells Fargo Investments, LLC (member SIPC). Wells Fargo Advisors is the trade name used by two separate registered broker dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC, and Wells Fargo Advisors Financial Network, LLC (members SIPC). Statistics include First Clearing, LLC, and H.D. Vest Investment ServicesSM (members SIPC) affiliated broker-dealers of Wells Fargo & Company. Insurance products are offered through affiliated non-bank insurance agencies. Wachovia is a Wells Fargo Company. 0710-4514 Investment and Insurance Products: Not FDIC Insured NO Bank Guarantee MAY Lose Value

Our Businesses Home Equity

Nations #1 prime home equity originator with multi-channel distribution in all 50 states.

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Serves nearly 2.5 million customer households as of June 2010 *Consists of real estate 1-4 family junior lien mortgages and lines of credit secured by real estate from all groups, excluding PCI (purchase credit-impaired) loans.

$123 billion portfolio*

Auto Dealer Services

A leading nationwide provider of integrated solutions for the dealer community Nations #2 auto finance lender* and the nations #1 used car lender*

$30.8 billion in managed auto and other consumer loans Relationships with 11,000 dealers Servicing over 2.3 million customers

Commercial, real estate and floorplan lending** Banking products and services targeted for dealer community** After-market products and services through Warranty Solutions

*Source-AutoCount (excluding leases) for Q1 2010 **Offered through Wells Fargo Bank, N.A. and Wachovia Bank

Education Financial Services (Combined EFS and WEF)

Wells Fargo Education Financial Services is one of the nations leading private education loan providers; with a portfolio of $29.9 billion of both federal and private education loans.

Offering education financing for more than 40 years. Serving 1.7 million student and family customers. Originated more than $11.1 billion in federal and private student loans in 2009.

Wells Fargo Insurance

Wells Fargo Insurance Inc. (Personal and Small Business Insurance)

One of the largest insurance agencies associated with a bank. Helping customers protect what they value since 1903. An independent, full-service, nationwide agency. Property and casualty, life insurance and other protection products to individuals and small business owners through centralized and direct models.

Serves 2.4 million customers of Wells Fargo affiliates across the country.
Rural Community Insurance Services (Crop Insurance)

U.S. largest crop insurance provider, operating in all 50 states.

Our Businesses Norwest Equity Partners

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Minneapolis-based Norwest Equity Partners (www.nep.com) is one of nations oldest and largest private equity investment firms. Equity investments in profitable and growing middle market companies primarily through management buyouts, recapitalizations and growth financings across a variety of industry sectors to include: consumer products and services, distribution, financial services, healthcare, manufacturing, applied technology and business services. $4.6 billion in capital and commitments under management including $1.2 billion in Norwest Mezzanine Partners, the firms affiliated mezzanine fund.

Norwest Venture Partners

Norwest Venture Partners (NVP) (www.nvp.com), is a global, multi-stage investment firm that manages more than $3.7 billion in capital. It has offices in Palo Alto, Calif., Mumbai and Bangalore, India, and Herzelia, Israel. NVP makes early to late stage venture and growth equity investments in U.S. and global companies across a wide range of sectors including: information technology, business services, financial services and consumer. NVP has actively partnered with entrepreneurs to build great businesses for more than 49 years and has funded over 450 companies since inception.

Peregrine Capital

Money management for institutional clients in the national market. Manages $2.9 billion for corporations, endowments/foundations, public funds, mutual funds and Taft-Hartley plans. Three equity styles, each managed by a dedicated and experienced team.
Business Banking
Serving over 2.5 million businesses with annual revenues of up to $20 million.

Business Deposits

Providing deposit and other cash management services to businesses ranging from sole proprietorships to businesses with annual revenues of up to $20 million.

Business Lending

Offering working capital lines of credit, business credit cards, equipment loans and commercial real estate loans, Wells Fargo, together with Wachovia, is Americas #1 small business lender in total dollar volume (CRA government data, 2008). Wells Fargo is also Americas #1 SBA 7(a) lender in dollar volume and the #2 lender in units (Small Business Administration data, 2009). Americas #1 small business lender (in total dollar volume) across three major 2008 Community Reinvestment Act (CRA) categories:

loans under $100,000 loans under $100,000 in low- and moderate-income (LMI) neighborhoods, and total business lending under $1 million

Americas #1 SBA 7(a) lender in dollar volume and the #2 lender in units, extending 2,347 loans totaling $827 million in 2009 SBA Preferred Lender in 50 states.

Wells Fargos Diverse Business Services programs provide outreach and education about financial services to women, African American, Latino and Asian business owners. Wells Fargo has loaned $41 billion to women- and diverse-owned businesses since 1995.*
*Represents legacy Wells Fargo only

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Our Businesses Business Banking . . . contd

Processing $96 billion annually in card sales volume, Wells Fargo is a leader in the electronic payment industry.

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Merchant Services

Business Payroll Services

Providing payroll processing, reporting and tax services for business customers.

Providing 24/7* telephone customer service support to our business banking customers.
*Represents legacy Wells Fargo only

National Business Banking Center (NBBC)

Lowry Hill

24-year-old firm providing investment management and comprehensive financial planning services for high net-worth
families, foundations and endowments.

Over $4.5 billion in assets under management and nearly 300 clients in 45 states. 97% business retention since 1986 inception of firm. $10 million investment minimum. Private equity investments for portfolios of $20 million or more. Four proprietary equity investment styles (U.S. large cap growth, international large cap, U.S. small cap, income equity) plus Locations: Chicago, Minneapolis, Scottsdale, Ariz. and Naples, Fla.
Wholesale Banking

REITs and fixed income; client accounts hold individual securities chosen from models constructed by Lowry Hill Investment Principals.

Wholesale Banking provides financial solutions to businesses across the United States with annual sales generally in excess of $10 million and financial institutions globally. Products include middle market banking, corporate banking, commercial real estate, treasury management, asset-based lending, insurance brokerage, foreign exchange, correspondent banking, trade services, specialized lending, equipment finance, corporate trust, investment banking, capital markets and asset management.

Commercial Banking

Commercial Banking offers comprehensive solutions tailored for the needs of middle-market businesses ($10-500 million in annual revenues). Offices and more than 30 satellite offices nationwide.

More than 90 Regional Commercial Banking #1 Market Share for middle market companies
(annual revenues of $25-500 million). More companies chose Wells Fargo as their lead bank than any other institution in the country. investment products and financial services for middle-market customers. group expertise in the agriculture, beverage, environmental services, and technology sectors. Continued on next page

Offers credit, treasury management, risk management,

Serves companies in a wide variety of industries, with specialty #1 agribusiness lender by dollar volume.

Our Businesses Wholesale Banking . . . contd

Treasury Management

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Middle-market and large corporate businesses across the U.S. use Wells Fargo global treasury management products and services.

Receivables Solutions
Community banks in 39 states and the District of Columbia; nationwide lockbox and cash vault networks, remote deposit products.

Payment Solutions
ACH, commercial credit cards, payment gateway services, employee paycards, prepaid cards, wire transfers and check services.

Technology Solutions

Check image, electronic check conversion and Check 21 clearing, corporate mobile banking and treasury workstation services all integrated online and available through the CEO portal. Only bank to win four ACH quality and service excellence awards.

Commercial Electronic Office Portal

Providing instant online access to the financial services you need to manage your business, the Commercial Electronic Office (CEO) portal offers a single sign-on to more than 60 applications. The CEO portal, broadly used by treasury management customers, also offers online access to credit, foreign exchange, trade services, health benefit services, insurance, and, trust and investment services. With its simple self-service features, customers can set up and modify user authorizations and more. Wells Fargos CEO Mobile service helps customers monitor account balances, move money and perform time-sensitive approvals from wherever they are using a web enabled mobile phone or PDA device.

Government & Institutional Banking

Unique in the industry, Wells Fargo Government & Institutional Banking (GIB) provides a wide range of solutions to meet the needs of government, education, healthcare and not-for-profit organizations. Bringing together specialized commercial banking teams, public finance investment bankers, and tax-exempt sales and distribution professionals into one team, GIB offers an integrated approach that leverages the resources of Wells Fargo to create value for approximately 5,000 clients. In addition to providing a world-class customer experience for our clients, GIB bankers are committed to being good citizens, from charitable giving to volunteering to public service. The five segments of GIB include:

Education & Nonprofit Banking: Provides commercial banking solutions for colleges, universities, associations, 501(c)
agencies and authorities, water districts, municipal utilities and school districts.

organizations, charitable organizations, foundations, endowments, national and local nonprofit organizations, and unions

Government Banking: Provides commercial banking solutions for governments (federal, state, county and city), government Healthcare Financial Services: Provides commercial banking solutions for nonprofit hospitals, hospital-affiliated clinics,
physician practices, ambulatory surgery centers, assisted-living facilities, and nonprofit 501(c)3 entities. syndications solutions for issuer clients. securities.

Public Finance Investment Banking: Provide taxable and tax-exempt investment banking, derivatives marketing, credit and Sales, Trading & Syndicate: Underwrites debt issuance and provides sales and trading functions for taxable and tax-exempt

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Our Businesses Wholesale Banking . . . contd

Real Estate Businesses

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#1 in commercial real estate originations in the U.S. #1 lender for office, multifamily, affordable housing, retail, industrial, hotel and healthcare properties in the U.S.

Commercial Real Estate (CRE) Hospitality Finance Group (HFG)

A specialty lending group that provides financial products and services to leading hotel owners throughout the United States. Customers include well-capitalized private owner/operators, institutional real estate funds dedicated to hospitality and public hotel real estate investment trusts.

Middle Market Real Estate (MMRE)

Provides middle-market commercial real estate investors and developers with financing for income-producing properties such as multi-family properties, office complexes, industrial parks, and retail properties. MMRE provides construction, interim, mini-perm financing, and construction loan advisory services. Loans range from $1 million to $25 million.

Real Estate Banking Group (REBG)

Targets mid-sized (net worth of greater than $25 million) to well-capitalized commercial and residential real estate developers, operators and investors. These clients are generally privately held companies, real estate funds and public and private REITS. REBG also provides mezzanine financing and structured real estate debt to national, regional and local investors and developers of commercial real estate, including institutional investors, public real estate companies and trusts, co-mingled funds, and pension fund advisors on behalf of their clients.

Real Estate Capital Investments (RECI)

Provides direct equity and equity-like structured investments, including preferred equity, in partnerships managed by existing customers primarily of the CRE platform. Customers are well-known and experienced in the product type and market, with demonstrated track record and potential.

Community Lending and Investment

Financing for affordable residential and commercial projects, tax credits/CRA investments supporting economic development and job creation in communities.

Real Estate Capital Markets

Recourse and non-recourse fixed- and variable-rate permanent financing on income-producing properties.

Wells Fargo Commercial Mortgage Servicing

One of the largest commercial mortgage-backed securities loan servicers in the nation.

Wells Fargo Multifamily Capital

Non-recourse, permanent financing for multifamily properties and healthcare facilities through FHA, Fannie Mae, Freddie Mac and conduit programs.

Eastdil Secured
Established in 1967, combines capital markets and real estate expertise to conduct real estate transactions. Arranges investment property sales, debt placement, loan sales and structured finance advisory, private equity raises, investment banking and public debt and equity transactions. $235 billion of transactions since 2007.

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Our Businesses Wholesale Banking contd

Corporate Banking Group

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The Corporate Banking Group encompasses a diverse set of general corporate and industry specialized relationship businesses which provide integrated financial solutions to over 1,700 clients in 37 offices nationwide. A brief description of the target customers served within each of the Corporate Banking division follows below.

U.S. Corporate Banking

Companies with annual revenues in excess of $500 million across a broad range of industries including general industrial, consumer and retail, healthcare, technology and business services, transportation, defense, media and telecommunications.

Financial Institutions Group

International, national, and regional financial services providers in the insurance, securities brokerage, asset management, exchange, payment processing, financial technology, title, and consumer/commercial finance industries.

Power and Utilities Group

Investor-owned and cooperative electric and gas utilities both nationally and internationally.

Energy Group
Entire spectrum of public and private, middle market and large corporate companies in all sectors of the oil and gas industry including: Exploration & Production, Energy Services & Equipment, Mid-Stream, Pipeline, and Refining.

Financial Sponsors Group

Private equity firms with committed equity funds focused on middle-market and large-cap leveraged buyouts, going private transactions and other recapitalizations.

Gaming Division
Multiple jurisdiction, public and private gaming companies, Native American casinos and single property gaming enterprises.

Restaurant Finance
National and regional restaurant brands with sales greater than $50 million, large franchisees in established systems, convenience store and gas station owner/operators and landlords with single tenant retail properties.

Equity Funds
Limited partnership investments and in select cases, direct and co-investments, sponsored by private equity firms, real estate investors and other asset managers that are Wells Fargo clients.

Wells Fargo Shareowner Services

The industrys 3rd largest transfer agent, we serve more than 800 issuers and over 5.8 million shareowners by facilitating stock transfers, dividend reinvestment and stock purchase plans, corporate actions, and IPOs. Committed to service quality and customer satisfaction, Wells Fargo Shareowner Services has consistently been ranked at the top of the industry by third party surveys, including a #1 ranking for overall client satisfaction for 7 of the past 8 years.

Wells Fargo Equipment Finance, Inc.

2nd largest among bank-owned equipment leasing companies in the U.S. offering equipment lease and loan products, vendor programs, and wholesale and syndication services to companies nationwide in both the U.S. and Canada. Canadian services provided through affiliate Wells Fargo Equipment Finance Company. WFEFI also manages First Union Rail (FUR), the 4th largest full service rail operating lease company in North America.

Wells Fargo Corporate Trust Services

We provide corporate trust services to the capital markets, including investors, bondholders, and lenders. We offer trustee, agency, fiduciary, escrow, and other financial services to business and government entities. We administer a wide array of assets and programs, including asset and mortgage backed securities and their underlying collateral, municipal bonds, corporate debt, and various warehouse and conduit programs.

Securities under administration total $2.5 trillion in unpaid balance Over 1,400 team members in over 30 offices across the United States and two offices internationally in London and Dublin.
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Our Businesses Wholesale Banking contd

Investment Banking and Capital Markets (IBCM)
IBCM offers full service investment banking and capital markets services to large U.S. corporations and to middle-market businesses. IBCM partners with Corporate and Commercial Banking to cross-sell the full spectrum of Wells Fargos products to customers. IBCMs products and services include:

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Equities Common stock, convertible bonds, share buybacks, equity derivatives, equity private placements Investment Grade Debt Investment grade bonds, preferreds, debt private placements, liability management High Yield Debt Non-investment grade bonds, liability management Loan Syndications Loan syndications, loan sales and trading Advisory Sell-side M&A, Buy-side M&A, general strategic advisory, spin-offs, equity carve-outs, reverse Morris trusts,
defense advisory, fairness opinions, restructuring advisory Industries covered include:

Consumer, Healthcare & Gaming Energy & Power Financial Institutions Industrials Technology, Media & Telecom
Specialty Groups include:

Financial Sponsors (dual reporting to Corporate Banking Group) Middle Market

Securities & Investment Group
Sales, trading, origination, research and investing teams deliver a comprehensive set of capital markets products and solutions to the Wells Fargo customer base, ranging from distributing public debt and equity to hedging interest rates, commodity and equity risks, and originating structured lending facilities and municipal bonds.

Asset Backed Finance

Originates structured transactions for corporate clients to hold on balance sheet and for distribution to institutional investors.

Customers include finance companies, leasing companies, asset managers and other originators or holders of pools of
financial assets.

Underlying assets include residential and commercial mortgages, auto, student and corporate loans, credit card receivables,
commercial assets for corporate clients and bank-originated products.

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Our Businesses Wholesale Banking contd

Securities & Investment Group contd Equities Sales & Trading

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Responsible for the distribution and trading of securities to support our clients who are raising equity in the capital markets and for our investing clients who are sourcing equities for their investment needs.

Common stock Preferred stock Convertible bonds Share buybacks Equity derivatives Equity private placements

Fixed Income Sales & Trading

Responsible for the distribution and trading of securities to support our issuing clients who are raising debt in the capital markets and our investing clients who are sourcing bonds for their investment needs. Also responsible for providing risk management products to corporate, retail and institutional investor clients.

High Grade Sales & Trading: Responsible for the distribution of high grade corporate debt and preferred stock to large
institutional clients.

High Yield Sales & Trading: Responsible for the distribution of high yield corporate debt to large institutional clients. Asset Backed Finance Sales & Trading: Delivers a broad range of structured assets, including MBS, ABS and CMBS to large
institutional clients.

Generalist Fixed Income Sales: Provides all cash Fixed Income products to short duration buyers and larger institutional
accounts that do not require specialist coverage.

Middle Market Fixed Income Sales: Delivers cash Fixed Income products and related portfolio services to middle market
Financial Institutions and Wells Fargo corporate clients. solutions through capabilities in swaps and options.

Interest Rates: Provides corporate, commercial, institutional and high-net worth individuals with interest rate hedging Commodities: Provides hedging solutions to producers and consumers of energy, electricity (power), metals, agricultural,
physical natural gas and physical natural gas liquid commodities.

Research & Economics

Adds value to both fixed income and equity investors by publishing research and economic reports, generating investment ideas and by physically bringing investors and issuers together in conferences, field trips and other forums.

Investment Solutions
Provides corporate, institutional and high net worth investors with investment alternatives that offer a broad range of strategies and objectives. Investments can be structured to gain access to markets, limit downside risk or enhance yield.

Municipal Products

Provides comprehensive financial solutions to federal, state and local governments, education, non-profit institutions, not-for-profit healthcare and other tax-exempt entities. Public Finance Investment Banking: Provides investment banking, capital markets and credit solutions for issuer clients. Sales, Trading & Syndicate: Provides cash trading, institutional sales and underwriting solutions for issuer and investor clients. Continued on next page

Our Businesses Wholesale Banking contd

Securities & Investment Group contd Principal Investments

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Buys and holds a broad-based investment portfolio including corporate credit, structured credit, municipals and other fixed income related assets.
Wells Fargo Securities is the trade name for certain capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, a member of NYSE, FINRA and SIPC, Wells Fargo Institutional Securities, LLC, a member of FINRA and SIPC, and Wachovia Bank, National Association. Wells Fargo Securities, LLC carries and provides clearing services for Wells Fargo Institutional Securities, LLC customer accounts. Investment and Insurance Products: Not FDIC Insured

Wells Fargo Capital Finance

Provides assetbased financing, specialized senior secured and junior secured financing, accounts receivable financing, purchase order financing, and supply chain financing to companies in a wide range of industries across the U.S. and Canada. In addition, specialty groups within Wells Fargo Capital Finance develop financing tailored to retailers, software and technology companies, commercial finance companies, staffing companies, government contractors, and timeshare developers. Business Credit: Asset-based financing from $3 million to $30 million for middle-market companies in a variety of industries, including manufacturing, distribution, wholesale, and service. Business Finance: Agented and syndicated asset-based financing starting at $30 million for companies in a variety of industries, including manufacturing, wholesale and distribution, and service companies. Distribution Finance: Working capital financing starting at $500,000 for the purchase of technology products and services by value-added resellers from technology OEMs and distributors. Government Services Group: Accounts receivable financing for government contractors across the U.S that serve federal, state and municipal governments and their agencies nationwide and have annual revenue of $3 million to $500 million and more. Lender Finance: Senior secured financing starting at $20 million for specialty commercial finance companies, including assetbased lenders, factors, equipment leasing providers, insurance premium finance companies, and other types of specialty finance companies. Purchase Order Finance Group: Inventory financing including letters of credit and transactional credit lines ranging from $500,000 - $50+ million for importers, manufacturers, wholesalers, assemblers, and distributors in need of short-term financing to complete sales transactions.

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Our Businesses Wholesale Banking contd

Wells Fargo Capital Finance cont'd Receivables Funding Group
Accounts receivable financing for businesses with annual revenue of $3 million to $1 billion or more in a variety of industries, including manufacturing, distribution, wholesale, trucking and transportation, seafood, and service-based companies.

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Receivables Securitization Group

Non-recourse accounts receivable-based securitizations both on- and off-balance sheet starting at $30 million to bankruptcyremote subsidiaries of companies in a variety of industries, such as manufacturing, distribution, wholesale and service companies.

Resort Finance
Financing of timeshare receivables from $20 million to $100 million.

Retail Finance
Senior secured financing ranging from $10 million to $1 billion and more for large and middle-market retailers, from traditional brick-and-mortar storefronts to catalog and online operations.

Retail Junior Capital

Junior secured financing from $5 million to $100 million for large and middle-market retailers.

Specialty Finance
Financing starting at $20 million for companies in a wide variety of industries, including gaming, restaurant, healthcare, and media and communications.

Staffing Services Group

Accounts receivable financing for staffing companies across the U.S. with annual revenue of $1 million to $500 million or more in monthly sales.

Supply Chain Finance

Comprehensive, end-to-end supply chain financing for both corporations and their trading partners through sales finance and supplier finance programs.

Technology Finance
Senior-secured financing starting at $15 million for software and technology companies.

Trade Capital
Trade finance including factoring, asset-based financing, inventory financing, and letters of credit for companies in the U.S. and abroad that serve the retail and consumer marketplace and have annual sales starting at $10 million.
Wells Fargo Capital Finance is the trade name for certain asset-based lending, accounts receivable and purchase order finance services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Bank, N.A.; Wells Fargo Business Credit, a division of Wells Fargo Bank, N.A.; Wells Fargo Credit, Inc.; Wells Fargo Distribution Finance, LLC; Wells Fargo Capital Finance, Inc.; Wells Fargo Capital Finance, LLC; Wells Fargo Retail Finance, LLC; Wells Fargo Retail Finance II, LLC; Wells Fargo Trade Capital, LLC; Wells Fargo Trade Capital Services, Inc.; and Wells Fargo Capital Finance Corporation Canada. Wells Fargo Capital Finance Corporation Canada (also doing business in Quebec as Socit de financement Wells Fargo Capital Canada) is an affiliate of Wells Fargo & Company, a company that is not regulated in Canada as a financial institution, a bank holding company or an insurance company.

Asset Management Group

Wells Fargos Asset Management Group manages assets for institutional and retail clients. It includes Wells Fargo Funds Management, LLC, Wells Capital Management, and several affiliated asset managers.

Wells Fargo Funds Management, LLC

An investment advisor that helps institutions, financial advisors, and individuals reach their financial objectives through a variety of vehicles, including mutual funds, 529 plans, and separately managed accounts. The firm's Wells Fargo Advantage Fundsone of the nation's largest mutual fund companies based on assetscovers a broad spectrum of investment styles and asset classes.

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Our Businesses Asset Management Group . . . contd

Wells Capital Management

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A multi-boutique asset management firm focused on institutional clients. Its distinct, autonomous, and independent investment management teams offer an extensive list of actively-managed U.S. and global equity, fixed-income, and quantitative strategies that span the risk-reward spectrum.

Affiliated Managers
Several affiliated firms with expertise in various asset classes and investment strategies, including European Credit Management (European fixed-income), Galliard Capital Management (stable value and core fixed-income), Nelson Capital Management (socially responsible investments), Overland Advisors (multi-strategy relative value), agency and custodial securities lending, and a minority interest in Golden Capital Management (U.S. core equity).
Wells Fargo Funds Management, LLC, provides investment advisory and administrative services for Wells Fargo Advantage Funds, Wells Fargo Managed Account Services, and 529 plans. The Funds and shares in the 529 plans are distributed by Wells Fargo Funds Distributor, LLC, member FINRA/SIPC, an affiliate of Wells Fargo & Company.

Investment Products:

Not FDIC Insured

NO Bank Guarantee

MAY Lose Value

Wells Fargo International Group

Connects Wells Fargos customers to the world and links the world to Wells Fargo for financial services, using our deep foreign and domestic networks to help meet customers financial service needs; covers the international needs of consumers, small businesses, middle market companies, banks, and large institutions. We are one of the largest providers of foreign exchange services and trade processing services and have an extensive global reach with over 30 overseas offices, including 8 branches. Foreign Exchange: Foreign exchange and risk management services for commercial companies, small businesses, and correspondent banks International Treasury Management: International cash management solutions integrated with domestic treasury services Global Banking: Relationship management for companies engaged in global commerce; provides international trade and commercial solutions Global Financial Institutions: Provides correspondent banking services to financial institutions, multilaterals and international agencies worldwide International Credit Products: Delivers a broad range of specialized credit products including origination, structuring, mitigation, portfolio and management and loan servicing Global Payment Services: Provides a suite of USD and multicurrency payment collection and depository services including a growing array of online and mobile solutions Global Trade Services: Provides a set of services designed to expedite letter of credit and collection processes; also offers private label outsourcing services to U.S. and foreign banks International Personal Banking: U.S. dollar banking services for U.S. citizens living abroad and foreign nationals living in the U.S. with specialized programs to help non U.S. citizens establish credit Wells Fargo Bank International: A subsidiary of Wells Fargo & Company based in Dublin, Ireland. Provides banking and financial services such as deposits, lending and corporate trust services to commercial banks and corporate customers across 30+ European countries

2010 Wells Fargo Bank, N.A., Member FDIC. Effective December 31, 2008, Wells Fargo & Company acquired Wachovia Corporation (Wachovia). Because the acquisition was completed at the end of 2008, some lines of business may not reflect all post-merger data.