Wells Fargo earns top spot as largest United Way employee campaign!

FOR IMMEDIATE RELEASE

Wells Fargo earns top spot as largest United Way employee campaign; employee & corporate gifts totaled over $60 million

ALEXANDRIA, VA (May 19, 2010) — Wells Fargo became the largest employee campaign in the entire U.S., based on 2009 campaign results and rankings recently finalized by United Way Worldwide. Wells Fargo team
members pledged a record $41.9 million through their annual Community Support and United Way Campaign— a 21 percent increase over the 2008 combined Wells Fargo and Wachovia campaigns. Combined with corporate
gifts, this totaled more than $60 million, which will be used in part to help United Way meet national goals to increase the number of students who graduate, help more families become financially stable, and increase the
number of healthy youth and adults.

“This year, Wells Fargo became the largest employee campaign in the entire U.S.,” said United Way Worldwide Executive Vice President Atul Tandon. “Wells Fargo and its team members increased not only their giving, but
also volunteered more than one million hours. This momentous accomplishment demonstrates Wells Fargo’s corporate citizenship and its employees’ incredible generosity and commitment to helping others.” Additionally, more than 32,000 Wells Fargo team members volunteered 1.23 million hours in 2009, providing financial literacy classes, free tax preparation and much more. In March, United Way recognized Wells Fargo with a Summit Award for exceptional volunteerism as a testament to the company and its employees’ ongoing commitment to communities. The company also gave $202 million in grants to support other nonprofits.

“During these difficult economic times, it’s more important now than ever for companies and their team members to give back to their communities to help create economic growth and prosperity,” said Jon R. Campbell,
executive vice president, social responsibility group at Wells Fargo. “I continue to be amazed by the incredible dedication and compassion our team shows by generously investing their time, energy, and personal financial
resources in our communities. That is the spirit of our culture and our vision and values.” Wells Fargo is a distinguished member of the United Way Global Corporate Leadership program, an elite group of the country’s top corporate citizens, dedicated to improving lives and strengthening communities to create a better life for all people. Wells Fargo has been recognized by Forbes, Business Week, Newsweek and Barron’s as one of the world’s most admired, most generous and most respected companies.
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About United Way
United Way is a worldwide network in 45 countries and territories, including nearly 1,300 local organizations in the U.S. It advances the common good, creating opportunities for a better life for all, by focusing on the three
key building blocks of education, income and health. The United Way movement creates long lasting community change by addressing the underlying causes of problems that prevent progress in these areas. LIVE UNITED is
a call to action for everyone to become a part of the change. For more information about United Way, please visit: http://www.LIVEUNITED.org.

About Wells Fargo
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. The Company promotes economic growth and self-sufficiency, education, social services, the arts and the environment in thousands of
communities across North America. In 2009, the Company gave $202 million in grants to 18,000 nonprofits, and team members contributed more than 1.2 million volunteer hours around the country. For more about Wells
Fargo’s achievements in Social Responsibility: http://www.wellsfargo.com/about/csr.