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The information contained on this web page is only a summary of the information presented in more detail in the Notice of (I) Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (“Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional information. Please be advised that the Court-appointed Class Representatives SEB Investment Management AB and West Palm Beach Firefighters’ Pension Fund (together, “Plaintiffs”), on behalf of themselves and the Class, and defendants Wells Fargo, Charles W. Scharf, Kleber R. Santos, and Carly Sanchez (collectively, “Defendants”) have agreed to settle the Action for $85,000,000 in cash. The Court preliminarily approved the Settlement by Order dated November 13, 2025. If you are a member of the Class, you are subject to the Settlement unless you are excluded from the Class as set forth below. The Class certified by the Court pursuant to Order dated April 25, 2025 consists of: All persons and entities who purchased or otherwise acquired Wells Fargo common stock between February 24, 2021 and June 9, 2022, inclusive, and were damaged thereby. Excluded from the Class are Defendants and their families, the officers, directors, and affiliates of Defendants, at all relevant times, members of their immediate families and their legal representatives, heirs, successors or assigns, and any entity in which Defendants have or had a controlling interest. Also excluded from the Class are any persons and entities that submitted a request for exclusion in connection with Class Notice as set forth on Appendix 1 to the Stipulation and that do not opt back into the Class in accordance with the instructions set forth in ¶ 53 of the Notice. If you are a Class member, your legal rights will be affected whether you act or do not act. Please read the Notice carefully to fully understand your rights and options. If you are a member of

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