Wells Fargo Awarded Ex-Im Bank Lender of the Year

(Ex-Im Bank) Wells Fargo Activity Totals $1.1 billion on Combined Basis in 2011

Washington, D.C. – Wells Fargo & Company (NYSE: WFC) will receive the Lender of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The award will be presented at the Bank's 37th Annual Conference, "Ex-Im –Your Competitive Edge," on April 12 in Washington, D.C.

Wells Fargo, through its international group, was the largest user of Ex-Im Bank's Working Capital Guarantee Program (Working Capital) in 2011, and has consistently been among the top five most active users of the program. In FY 2011, Wells Fargo's use of the Bank's Working Capital product totaled 65 transactions totaling more than $380 million, with $259 million going to small businesses.

"Our working capital division's experience with Wells Fargo has been outstanding," said Fred P. Hochberg, chairman and president of Ex-Im Bank. "Wells Fargo has been an excellent partner throughout the years, and they have contributed greatly to the growth of the program. Together, we will continue to work hard to ensure our nation's small and medium-sized business owners continue to have access to export financing."

"By working with Ex-Im Bank, we can continue to provide our customers with the trade financing they need to expand the global reach of their businesses," said Richard Yorke, head of Wells Fargo's international group. "We are honored to accept this award and look forward to continuing our longstanding relationship with Ex-Im Bank."

Collectively, Wells Fargo's activity with Ex-Im Bank in 2011 totaled $1.1 billion, of which approximately $407 million, including Working Capital, benefited small businesses.