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From: Richard Kahn To: "jeffrey E." <jeevacationggmail.com> Subject: Fwd: New Issue S25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.75% Area; Fixed

From: Richard Kahn To: "jeffrey E." <jeevacationggmail.com> Subjec

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

From: Richard Kahn cl ip Subject: Fwd: WFC Final Price 5.70% RE: New Issue $25 Par: Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.75% Area; Fixed-for-Life

From: Richard Kahn cl ip Subject: Fwd: WFC Final Price 5.70% RE: Ne

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

ease 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) Perpetual Preferred Stock; 5.625% Area; Fixed-for-Life=br> Good Morning Ri

t: Wednesday, June 8, 2016 2:09 PM To: Richard Kahn Subject: Re: New Issue $25 Par Wells Fargo & Co

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

From: jeffrey E. <[email protected]> Sent: Wednesday, June 8, 2016 2:14 PM To: Richard Kahn Subject: Re: New Issue $25 Par Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.625% Area; Fixed-for-Life i know you are on vaction , whe

Please advise. Thank you. Sent from my iPhone=/div> Begin forwarded message: From: "Atlas Andrew 5' Date: June 8, 2016 at 10: To: & =otilichard Kahn Subject:= b> New Issue 25 Par: Wells Fargo & Company (WFC) Perpetual Preter=ed Stock; 5.625% Area; Fixed-for-Life <=pan> Good Morning Rich, Morg

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

From: jeffrey E. <[email protected]> Sent: Wednesday, June 8, 2016 2:21 PM To: Richard Kahn Subject: Re: New Issue $25 Par Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.625% Area; Fixed-for-Life raw On Wed, Jun 8, 2016 at 10:

morrow am. Sent from=my i Phone On Jun 8, 2016, at 10:14 AM, jeffrey E. <[email protected]<=a» wrote: On Wed, Jun 8, 2016 at 10:08 AM, Richa=d Kahn < wrote: Currently you own 3,000,000 of =ells preferred in southern trust with 5.7% coupon. I am being told this will sell out by 12pm if you are

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

From: jeffrey E. <[email protected]> Sent: Tuesday, January 19, 2016 3:58 PM To: Richard Kahn Subject: Re: New Issue $25 Par. Wells Fargo & Company (WFC) Perpetual Preferred Stock; 5.75% Area; Fixed-for-Life 3 mill On Tue, Jan 19, 2016 at

Tuesday, January 19, 2016 3:58 PM To: Richard Kahn Subject: Re: New Issue $25 Par. Wells Fargo & C

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