Wells Fargo Stockholders Elect Directors; Vote on Proposals at Annual Meeting

SAN FRANCISCO--(Business Wire)--
Stockholders of Wells Fargo & Company (NYSE:WFC) yesterday elected 19 nominees
to the Company`s Board of Directors and ratified the appointment of KPMG LLP as
the Company`s independent auditors for 2009. Stockholders also approved the
compensation of the Company`s executives named in its proxy statement, and an
amendment to increase the shares available for awards under the Company`s
Long-Term Incentive Compensation Plan.

Stockholders did not approve a proposal to amend the Company`s by-laws to
require the Chairman of the Board to be an independent director. Stockholders
also did not approve a proposal requesting that the Company provide a
semi-annual report disclosing its political contributions and expenditures.

The 19 nominees elected to the Wells Fargo Board are:
John D. Baker II, president and CEO of Patriot Transportation Holding, Inc,
Jacksonville, Florida;
John S. Chen, chairman, president and CEO of Sybase, Inc., Dublin, California;
Lloyd H. Dean, president and CEO of Catholic Healthcare West, San Francisco;
Susan E. Engel, retired chairwoman and CEO of Lenox Group Inc., Eden Prairie,
Minnesota;
Enrique Hernandez, Jr., chairman, president and CEO of Inter-Con Security
Systems, Inc., Pasadena, California;
Donald M. James, chairman and CEO of Vulcan Materials Company, Birmingham,
Alabama;
Robert L. Joss, Philip H. Knight professor and dean of the Graduate School of
Business at Stanford University, Palo Alto, California;
Richard M. Kovacevich, chairman of Wells Fargo;
Richard D. McCormick, chairman emeritus of US WEST, Inc., Denver, Colorado;
Mackey J. McDonald, retired chairman and CEO of VF Corporation, Greensboro,
North Carolina;
Cynthia H. Milligan, dean of the College of Business Administration at the
University of Nebraska-Lincoln;
Nicholas G. Moore, retired global chairman of PricewaterhouseCoopers, New York;
Philip J. Quigley, retired chairman, president and CEO of Pacific Telesis Group,
San Francisco;
Donald B. Rice, president and CEO of Agensys, Inc., Santa Monica, California;
Judith M. Runstad, of counsel to Foster Pepper PLLC, Seattle, Washington;
Stephen W. Sanger, retired chairman and CEO of General Mills, Inc., Minneapolis,
Minnesota;
Robert K. Steel, former president and CEO of Wachovia Corporation, Charlotte,
North Carolina;
John G. Stumpf, president and CEO of Wells Fargo;
Susan G. Swenson, president and CEO of Sage Software Inc., the North American
operations of The Sage Group PLC, United Kingdom.

About Wells Fargo

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.

Wells Fargo & Company
Melissa Murray, 415-396-4417 (Media)
Catherine Gacad, 415-396-8454 (Investors)

Copyright Business Wire 2009