Wells Fargo Provides Notice of Potential Remarketing of Floating Rate Convertible Senior Debentures

SAN FRANCISCO, April 2, 2008 /PRNewswire-FirstCall/ -- Wells Fargo & Company (NYSE:WFC), as required by the Indenture dated as of April 15, 2003 between the Company and Citibank, N.A., as trustee, as amended (the "Indenture"), today announced a notice of potential remarketing of its Floating Rate Convertible Senior Debentures Due 2033 (the "Debentures"). The remarketing of the Debentures will take place if a Remarketing Reset Event (as defined in the Indenture) occurs on May 1, 2008. To elect to participate in the remarketing, holders of the Debentures must notify Wells Fargo Bank, N.A., as paying agent, on or before April 30, 2008 of the aggregate principal amount of Debentures such holder wishes to have remarketed if a Remarketing Reset Event occurs.

Holders of the Debentures will have the right to require the Company to purchase for cash all or a portion of the Debentures at 100% of the original principal amount, plus any accrued and unpaid interest to May 1, 2008, if any Debentures submitted for remarketing are not sold or a condition precedent in the remarketing agreement is not fulfilled. Holders must notify Wells Fargo Bank, N.A. on or before May 1, 2008 to exercise that right.

A beneficial owner of the Debentures should contact the bank, broker, dealer, trust company or other nominee through which it owns the Debentures to determine the procedure to elect to participate in the remarketing or to require the Company to purchase the Debentures.

Wells Fargo & Company is a diversified financial services company with $575 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest credit rating from both Moody's Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA."

This announcement is not an offer to sell or the solicitation of an offer to

buy nor shall there be any sale of the Debentures in the remarketing in any state or other jurisdiction in which such an offer, solicitation or sale would

be unlawful.

First Call Analyst:
FCMN Contact:

Source: Wells Fargo & Company

CONTACT: Media, Julia Tunis, +1-415-222-3858, or Investors, Jim Rowe,
+1-415-396-8216, both of Wells Fargo & Company

Web site: http://www.wellsfargo.com/

2008-04-02 18:31:51 0326920 PRNEWSWIRE