WFC Wells Fargo and Company

Wells Fargo & Company (NYSE:WFC) announced today the Federal Reserve Board and the Office of the Comptroller of the Currency have permitted it and its national subsidiary banks to begin using the “advanced approaches” capital framework to determine risk-based capital requirements starting in the second quarter of 2015. Additionally, the company noted that the approval did not include stipulations requiring Wells Fargo to increase its current estimated advanced approach risk-weighted assets (RWA).

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.7 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 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations.

Cautionary Statement About Forward-Looking Statements

This news release contains forward-looking statements about our future regulatory capital levels and possible future capital actions. Forward-looking statements speak only as of the date made, and we do not undertake to update them. Actual capital levels and capital actions may vary materially from the expectations described in this news release due to a number of factors, including those described in our reports filed with the Securities and Exchange Commission and available at www.sec.gov.

Wells Fargo & CompanyAncel Martinez, 415-222-3858 (Media)Jim Rowe, 415-396-8216 (Investors)

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