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eing told t=is will sell out by 12pm if you are interested. Please advise. Thank you.4> Sent from my iPhone Begin forwarded message: From: "Atlas, Andrew = ate: une , at= :02:47 AM EDT To: "Richard Kahn <=richardkahnl2=gmail.com < Subject: New Issue $25 Par: Wells Fargo &am=; Company (WFC) Perpetu

cumulative perpetual Class A Preferred Stock Series X4e 4) 41 </=> Format: 40 SEC Registered 40 = * Expected Ratings: 4o Baa2/BBB/BBB (St/St/St) 40 Size: $2S0mm (10mm =hares) 40 4, </=> Maturity: 40 Perpetual * Price Guidance: 4> 5.625% Area; Fixed for =ife 4> Q </=> Offe

Ye=s Expected Listing: 4> NYSE under the symbol WFCprX 4> Timing: 4> Today's Business<=u> Let me know if you have any questions.<=u> Best, Andrew Andrew S. Atlasau> First Vice Presiden= Equit= Sales/Middle Markets Group =/u> Finan=ial Advisor Morgan Stanley=Wealth Management <tel:%2 EFTA_R

non- cumulative perpetual Class A Preferred Stock Series X40 4› 40 </=> Format: 4) SEC Registered Q . Expected Ratings: 40 Baa2/BBB/BBB (St/St/St) 4, Size: $250mm (10mm =hares) 40 4, </=> Maturity: 40 Perpetual 4, Price Guidance: 4> 5.625% Area; Fixed for =ife * 441> </=> O

* Ye=s Expected Listing: . NYSE under the symbol WFCprX 4) Timing: 4k Today's Business<=u> Let me know if you have any questions.<=u> Best, Andrew Andrew S. Atlas<=u> First Vice Presiden= Equit= Sales/Middle Markets Group =/u> 3 EFTA_R1_01567274 EFTA02461327 Finan=ial Advisor Morgan Stanl

umulative perpetual Class A Preferred Stock Series X4> 4> 4> </=> Format: 4> SEC Registered 4> = 4> Expected Ratings: 4> Eiaa2/BBB/668 (St/St/St) 4> Size: $250mm (10mm =hares) 4> 40 </=> Maturity: 4> Perpetual 40 Price Guidance: 4> 5.625% Area; Fixed for =ife 40 4> </=> Of

, January 20. 2016 2:34:08 PM To: "Jeffrey E." <[email protected]> Richard Kahn HBRK Associates Inc. Begin forwarded message: From: "Atlas, Andrew S" Subject: WFC Final Price 5.70% RE: New Issue $25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.75% Area; Fixed-for- Life Date: Ja

ares each representing 1/1,000th interest in a share of non-cumulative perpetual Class A Preferred Stock Series W Expected Ratings: Baa2/BBB/BBB (St/St/St) Size: $250mm (10mm shares) Maturity: Perpetual Price Guidance: 5.75% Area; Fixed for Life Offer Price: $25 per depositary share Dividends

still worth looking at. Speak soon. =u> Best, Andrew<=> Andrew S. Atlas<=b> Financial Advisor <=>Eq

each representing 1/1,000th interest in a share of no=- cumulative perpetual Class A Preferred Stock Series W * Expected Ratings: 4> Baa2/BBB/BBB (St/St/St) 4> Size: $250mm (10mm=shares) 4> 4> 4) Q Maturity: 4> Perpetual 4> Price Guida=ce: Q 5.75% Area; Fixed for Life Q 40 40 <=u> O

nk you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cel Begin forwarded message: From: "Atlas, Andrew S Subject: New Issue $25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.75% Area; Fixed-for-Life Date: January 19, 2016 at 10:22:46 AM

hares each representing 1/1,000th interest in a share of non-cumulative perpetual Class A Preferred Stock Series W Expected Ratings: Baal/BBB/BBB (St/St/St) Size: $250mm (10mm shares) Maturity: Perpetual EFTA00703912 Price Guidance: 5.75% Area; Fixed for Life Offer Price: $25 per depositary sha