CORRECTING and REPLACING Wachovia Insurance Services, Inc. Becomes Wells Fargo Insurance Services USA, Inc.

CORRECTING and REPLACING Wachovia Insurance Services, Inc. Becomes Wells Fargo Insurance Services USA, Inc.

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

WACHOVIA INSURANCE SERVICES, INC. BECOMES WELLS FARGO INSURANCE SERVICES USA, INC.

Wells Fargo & Company (NYSE:WFC) said today that Wachovia Insurance Services, Inc. has changed its name to Wells Fargo Insurance Services USA, Inc. The combined business makes Wells Fargo the world’s fourth largest insurance firm and the largest bank-owned insurance brokerage in the U. S. (Business Insurance, 2008)

“Wells Fargo Insurance Services USA, Inc. is now an integral part of one of the world’s largest, most diversified and most respected financial services companies,” said Neal Aton, Wells Fargo Insurance Services President and Chief Executive Officer. “Our combined team is committed to delivering outstanding service, creative thinking, and expertise to our many customers nationwide. Customers can expect to continue working with their existing insurance professionals and now have access to expanded national resources to serve their insurance and risk management needs.”

Wells Fargo Insurance Services USA, Inc. will become a direct subsidiary of Wells Fargo Insurance Services next year.

About Wells Fargo Insurance Services, Inc.

Wells Fargo Insurance Services Inc., along with Wachovia Insurance Services, places $15.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products. The combined company has nearly 200 offices in 37 states and more than 7,500 insurance professionals. Wells Fargo Party Administrators and Wells Fargo Disability Management are ranked as the third-largest multiline third-party administrators that offer employee benefit and property and casualty claims administration (Business Insurance). For more information about Wells Fargo Insurance Services, visit www.wellsfargo.com/wfis.

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, more than 12,000 ATMs and the Internet (wellsfargo.com) across North America and internationally.

Wells Fargo & Company

Investor Relations

Jim Rowe, 415-396-8216

or

Media

Katie Ellis, 415-222-3767

Source: Wells Fargo & Company

Copyright Business Wire 2009 Please replace the release with the following corrected version due to multiple revisions.