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Wells Fargo creates environmental advisory board

Ecotrust Vice President Bettina von Hagen tapped for service

SAN FRANCISCO — March 30, 2006 — Eight nationally-known environmental experts from industry, academia and non-profits have been named to Wells Fargo & Company’s (NYSE: WFC) new Environmental Advisory Board — part of the Company’s 10-point commitment to more effectively integrate environmental responsibility into its business practices and procedures.

The eight are:

“This outstanding group of environmental experts, representing diverse perspectives and expertise, will help Wells Fargo bring a thoughtful and balanced approach to integrating environmental considerations into our business practices,” said John Stumpf, Wells Fargo’s president and chief operating officer. “They’ll also be our eyes and ears in industry, academia and non-governmental organizations to make sure we anticipate emerging environmental issues in our communities and globally.” Members were selected for their demonstrated experience, expertise, insight, and leadership in environmental and community affairs.

Wells Fargo is committed to being environmentally responsible in every community in which it does business. The Company integrates environmental responsibility into its business practices and procedures, and has pledged to make $1 billion in lending and other financial commitments by 2010 in environmentally beneficial business opportunities.

Wells Fargo & Company is a diversified financial services company with $482 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,200 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the United States to receive the highest possible credit rating, “Aaa,” from Moody’s Investors Service.


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