Executive Compensation Program Overview
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Forward-Looking Statements and Website References
WELLS
FARGO
This document contains forward-looking statements. In addition, we may make forward-looking statements in our other documents filed or
furnished with the Securities and Exchange Commission, and our management may make forward-looking statements orally to analysts, investors,
representatives of the media and others. Forward-looking statements can be identified by words such as "anticipates," "intends,” “plans,” “seeks,"
"believes," "estimates,” “expects," "target," "projects," "outlook," "forecast,” “will,” “may,” “could,” “should,” “can” and similar references to future
periods. In particular, forward-looking statements include, but are not limited to, statements we make about: (i) the future operating or financial
performance of the Company, including our outlook for future growth; (ii) our noninterest expense and efficiency ratio; (iii) future credit quality and
performance, including our expectations regarding future loan losses, our allowance for credit losses, and the economic scenarios considered to
develop the allowance; (iv) our expectations regarding net interest income and net interest margin; (v) loan growth or the reduction or mitigation
of risk in our loan portfolios; (vi) future capital or liquidity levels, ratios or targets; (vii) the performance of our mortgage business and any related
exposures; (viii) the expected outcome and impact of legal, regulatory and legislative developments, as well as our expectations regarding
compliance therewith; (ix) future common stock dividends, common share repurchases and other uses of capital; (x) our targeted range for return
on assets, return on equity, and return on tangible common equity; (xi) expectations regarding our effective income tax rate; (xii) the outcome of
contingencies, such as legal proceedings; (xiii) environmental, social and governance related goals or commitments; and (xiv) the Company's plans,
objectives and strategies. Forward-looking statements are not based on historical facts but instead represent our current expectations and
assumptions regarding our business, the economy and other future conditions. Investors are urged to not unduly rely on forward-looking
statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not
undertake to update them to reflect changes or events that occur after that date. For more information about factors that could cause actual
results to differ materially from expectations, refer to the "Forward-Looking Statements" discussion in Wells Fargo's press release announcing our
first quarter 2023 results and in our most recent Quarterly Report on Form 10-Q, as well as to Wells Fargo's other reports filed with the Securities
and Exchange Commission, including the discussion under "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31,
2022.
Website references throughout this presentation are provided for convenience only, and the content on the referenced websites is not
incorporated by reference into this presentation. We assume no liability for any third-party content contained on the referenced
websites.
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