The Charles Schwab Corporation Extends Exchange Offer For Notes Due 2022

The Charles Schwab Corporation announced today that it has extended the expiration date of its offer to exchange up to $256,405,000 aggregate principal amount of its 3.225% Notes due 2022 (the "Old Notes") that have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), for an equal amount of its outstanding 3.225% Notes due 2022 that have been registered under the Securities Act (the "New Notes"). As a result of the extension, the exchange offer is now scheduled to expire at 12:00 a.m., New York City time, on January 22, 2013, unless further extended. The exchange offer was originally set to expire at 12:00 a.m., New York City time, on January 15, 2013.

Based on the latest information provided by the exchange agent, tenders of approximately $255,270,000 aggregate principal amount, or 99.56%, of the Old Notes have been received pursuant to the exchange offer. Except for the extension of the expiration date, all of the other terms of the exchange offer remain as set forth in the exchange offer prospectus, dated December 11, 2012.

Copies of the prospectus and related letter of transmittal may be obtained from The Bank of New York Mellon, which is serving as the exchange agent for the exchange offer. The Bank of New Mellon may be contacted as follows:

The Bank of New York Mellon Trust Company, N.A.c/o The Bank of New York Mellon CorporationCorporate Trust Operations—Reorganization Unit111 Sanders Creek ParkwayEast Syracuse, NY 13057Attn: Christopher LandersTelephone: 315-414-3362Facsimile: 732-667-9408

This news release is not an offer to exchange the Old Notes for the New Notes or the solicitation of an offer to exchange, which we are making only through the exchange offer prospectus.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million client brokerage accounts, 1.6 million corporate retirement plan participants, 857,000 banking accounts, and $1.92 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.

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