Notice to Employees of Wells Fargo & Company

This document is about a notice to employees of Wells Fargo & Company regarding their application to the U.S. Department of Labor for authorization under Prohibited Transaction Exemption 96-62 to allow the reinsurance of long-term disability insurance risks and receipt of premiums by their captive insurance company, Superior Guaranty Insurance Company (SGIC), from an insurance contract with Metropolitan Life Insurance Company. The notice outlines the proposed transaction, the parties involved, the changes to the plan benefits, and the employee's right to comment on the tentative authorization.