Serve Wells Fargo's Best Interests

Wells Fargo's reputation has enormous value. Our outstanding reputation helps us retain and attract team members,
customers, and investors. It helps us build strong relationships with communities, nonprofit organizations, vendors,
regulators, and government officials.
Wells Fargo's commitment to following federal laws, rules, and regulations, as well as applicable laws, rules, and
regulations of all localities, states, and countries where we do business, is not only the right thing to do, it helps maintain
and protect our company's reputation. This includes compliance with all applicable securities laws and regulations,
accounting standards, accounting controls, and audit practices.
As a team member, you are expected to support this commitment to protect Wells Fargo's reputation and to serve Wells
Fargo's best interest by:

•  Being knowledgeable about your job.
•  Conducting all aspects of Wells Fargo’s business and community involvement in an honest, ethical, and legal

manner and in accordance with federal laws, rules, and regulations and the applicable laws, rules, and
regulations of all localities, states and countries where Wells Fargo does business.

•  Complying with Wells Fargo’s policies and procedures.
•  Recognizing that your professional and personal conduct can positively or negatively affect Wells Fargo's

reputation and acting in a responsible way that upholds Wells Fargo's reputation.
Under certain circumstances, Wells Fargo’s policies or local or foreign laws and regulations may be different from the
policies outlined in the Code. Generally, in those cases, you must comply with the more restrictive policies, laws, or
regulations. When the applicability or interpretation of policies, laws, rules, or regulations is unclear, you must seek advice
from your supervisor, your HR consultant, your Code Administrator, or the Law Department, depending on the nature of
the inquiry.
This Code provides basic principles and concepts to guide us in the conduct of our business. You are expected to exercise
good judgment and common sense in your decision making and your dealings with others. Commitments should be made
only if they can be met realistically.
If you become aware of actual or potential problems in any area of Wells Fargo’s services or operations or in its business
relationships with vendors, or in Wells Fargo’s or its representatives’ business relationships with domestic or foreign
customers or officials, you should inform your supervisor or others who are in a position to effect solutions.
In addition, you are expected to protect Wells Fargo’s assets from theft, waste, or loss and ensure their efficient use. Wells
Fargo’s assets include physical and intellectual property, such as Wells Fargo's brand, trademarks, copyrights, trade
secrets, and patents, as well as the confidential and proprietary information described under the Preserve Confidentiality
section of this Code. While it is not Wells Fargo’s intent to claim ownership of intellectual property that is unrelated to Wells
Fargo's business, any intellectual property invented, created, designed, or conceived by a team member while employed
by Wells Fargo and that may relate to any business of Wells Fargo must be disclosed to Wells Fargo and shall, at Wells
Fargo’s option, become the sole property of Wells Fargo. Wells Fargo’s assets may be used only for legitimate purposes.
Any improper use of Wells Fargo's assets whether for personal or business purposes, including the misapplication or
improper use of corporate or customer funds or property or the unauthorized use or publication of intellectual property, is
prohibited and may be unlawful.
If you become aware of any violations or potential violations of this Code; of applicable laws, rules, or regulations; or of
accounting standards or controls, you must promptly report such activity as described in the EthicsLine section of this
Code.