Notice to Employees of Wells Fargo & Company of Application for Authorization Under Prohibited Transaction Exemption 96-62

This document is about a notice to employees of Wells Fargo & Company informing them of the company's application to the U.S. Department of Labor for authorization of a reinsurance transaction involving its captive insurance company, Superior Guaranty Insurance Company (SGIC). The notice outlines the purpose of the authorization, the parties involved, the changes to the Long Term Disability (LTD) Plan, and the conditions of the proposed exemption. It also explains the employees' right to comment on the tentative authorization and provides contact information for any questions about the LTD Plan benefits.