Summary of WELLS FARGO & COMPANY/MN

Item 8.01 Other Events

On May 1, 2012, Wells Fargo & Company (the "Company") submitted redemption notices to the property trustee for each trust listed below, which will result in the redemption of the securities identified below on the date specified for each security. The redemption price for each security will be equal to 100% of the principal amount of the securities plus accumulated and unpaid distributions in the amount specified below. Under applicable regulatory capital guidelines issued by bank regulatory agencies, upon notice of redemption, the Capital Securities will no longer qualify as Tier 1 capital for the Company. This redemption is consistent with the capital plan the Company submitted to the Federal Reserve Board and the actions the Company previously announced on March 13, 2012, and will be funded with excess cash currently available to the Company.

                                                                    Accumulated                 NYSE
                                                                   Distributions               Trading    Redemption
Trust                          Security        Principal Amount    per Security      CUSIP     Symbol        Date        Trustee/Paying Agent
Wachovia Capital Trust IX    6.375% Trust        $800,000,000        $.402865      92978X201    WBPRC    June 15, 2012    U.S. Bank National
                               Preferred      ($25 per Security)                                                             Association
                              Securities

Wells Fargo Capital XI           6.25%          $1,000,000,000       $.390625      94979S207     FWF     June 15, 2012     The Bank of New
                               Enhanced       ($25 per Security)                                                          York Mellon Trust
                            Trust Preferred                                                                                 Company, N.A.
                              Securities                                                                                      (Trustee)

                                                                                                                          Wells Fargo Bank,
                                                                                                                            N.A. Corporate
                                                                                                                            Trust Services
                                                                                                                            (Paying Agent)

The addresses of the Paying Agents are as follows:

 U.S. Bank National Association   Wells Fargo Bank, N.A. Corporate Trust Services
 60 Livingston Avenue             625 Marquette Ave. 11th Floor, MAC N9311-110
 St. Paul, MN 55107               Minneapolis, MN 55479