Visa Announces Post-Restructuring Board of Directors and Appointment of Byron Pollitt, Jr. as CFO of Visa Inc.

San Francisco (USA) 30 August (PROTEXT/PRNewswire) - Visa announced todaythe individuals who will serve as members of Visa Inc.'s Board of Directorsafter the completion of the proposed restructuring and the appointment ofByron Pollitt, Jr. as Chief Financial Officer designate of Visa Inc.

The proposed restructuring, which remains subject to member approval,contemplates a series of transactions by which Visa Canada, Visa USA andVisa International will become subsidiaries of Visa Inc. Visa Europe willretain its member-owned association structure and will become a licensee ofVisa Inc.

In addition to Joseph Saunders, Chairman and Chief Executive Officer ofVisa Inc., the Board of Directors of Visa Inc. will include 10 independentdirectors and seven directors drawn from each of Visa's geographicoperating regions.

The following individuals were named to serve as the independent directorsafter the completion of the proposed restructuring:

- Thomas Campbell, Bank of America Dean and Professor of Business, the HaasSchool of Business, University of California, Berkeley

- Gary Coughlan, Former Chief Financial Officer and Senior Vice Presidentof Finance, Abbott Laboratories

- Mary B. Cranston, Firm Senior Partner, Pillsbury Winthrop Shaw Pittman LLC

- Francisco Javier Fernandez-Carbajal, Former Chief Executive Officer,Corporate Development Division, Grupo Financiero BBVA Bancomer

- Suzanne Nora Johnson, Former Vice Chairman, The Goldman Sachs Group, Inc.

- Robert W. Matschullat, Former Vice Chairman and Chief Financial Officer,Seagram Company Limited

- Cathy Elizabeth Minehan, Former President and Chief Executive Officer,Federal Reserve Bank of Boston

- David J. Pang, Former Chief Executive Officer, Airport Authority of HongKong and Former Corporate Vice President, E.I. DuPont and Former Chairman,DuPont Greater China

- William Shanahan, Former President, Colgate-Palmolive Company

- John Swainson, President, Chief Executive Officer and Director, CA, Inc.

The following individuals were named to serve as the regional directorsafter the completion of the proposed restructuring:

- Peter Hawkins, Chairman of Visa Asia Pacific Region, director of VisaInternational and director of Inovant

- David McKay, Chairman of Visa Canada, director of Visa International andExecutive Vice President of Personal Financial Services, Royal Bank ofCanada

- Hani Al-Qadi, General Manager and Vice Chairman, Arab Jordan InvestmentBank, and director of Visa Central Europe Middle East Africa (CEMEA)

- Hans van der Velde, Deputy Chairman of Visa Europe and director of VisaInternational and Inovant

- Segismundo Schulin-Zeuthen, Chairman of Visa Latin America and CaribbeanRegion and director of Visa International and Inovant

- Charles T. Doyle, Chairman, Texas First Bank and Chairman, TexasIndependent Bancshares, Inc. and director of Visa USA, Visa Internationaland Inovant

- Charles W. Scharf, Chief Executive Officer, Retail Financial Services,JPMorgan Chase & Co. and director of Visa USA

"I am eager to begin working with this talented group of executives, whosevision and diversity of experience will be invaluable to Visa Inc. and ourcustomers," said Joseph Saunders. "Visa Inc.'s governance will benefit fromthe broad perspective, strategic insights and business expertise that ournew board members bring."

Visa also announced that Byron Pollitt, Jr. will be serving as ChiefFinancial Officer of Visa Inc., reporting directly to Saunders, effectivemid-September 2007.

Pollitt joins the company from Gap Inc. where he worked as Executive VicePresident and Chief Financial Officer. Prior to joining Gap Inc., Pollittworked for The Walt Disney Company for 13 years, most recently as ExecutiveVice President and Chief Financial Officer of Walt Disney Parks and Resorts.

About Visa: Visa operates the world's largest retail electronic paymentsnetwork providing processing services and payment product platforms. Thisincludes consumer credit, debit, prepaid and commercial payments, which areoffered under the Visa, Visa Electron, Interlink and PLUS brands. Visaenjoys unsurpassed acceptance around the world and Visa/PLUS is one of theworld's largest global ATM networks, offering cash access in local currencyin more than 170 countries.

For more information, visit http://www.corporate.visa.com.

Additional Information and Where You Can Find It:

This communication is being made in respect of the proposed restructuring.In connection with the proposed restructuring, Visa has filed and will befiling documents regarding the proposed transaction with the SEC, includinga registration statement on Form S-4 containing a proxystatement-prospectus. We urge members to read the registration statement,the definitive proxy statement-prospectus regarding the proposedrestructuring and any other relevant documents carefully and in theirentirety when they become available because they will contain importantinformation about the proposed restructuring. The definitive proxystatement-prospectus will be mailed to eligible members of VisaInternational, Visa USA and Visa Canada.

You may obtain copies of any of these documents filed with the SEC thatcontain information about the proposed restructuring free of charge at theWeb site maintained by the SEC at http://www.sec.gov or from Visa Inc.,Investor Relations, at P.O. Box 8999, San Francisco, California 94128-8999.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. These statementsmay be identified by the use of words such as "will", "believes","anticipates", "intends", "estimates", "expects", "projects", "plans" orsimilar expressions. Such forward-looking statements include, withoutlimitation, statements about the proposed restructuring and relatedtransactions, strategy, future operations, prospects, plans and objectivesof management and events or developments that we expect or anticipate willoccur. The forward-looking statements reflect Visa's current views andassumptions and are subject to risks and uncertainties, which may causeactual and future results and trends to differ materially from theforward-looking statements, including but not limited to ability to obtainapproval by Visa's members for the proposed restructuring and relatedtransactions; the successful completion of the restructuring and relatedtransactions; Visa's ability to achieve its strategic objectives; theoutcome of legal proceedings; uncertainties inherent in operatinginternationally; and the impact of law and regulations. Many of thesefactors are beyond Visa's ability to control or predict. Given thesefactors, you should not place undue reliance on the forward-lookingstatements.

Contact:

Paul Cohen

Office: +1-415-932-2166

E-mail: pcohen@visa.com

Michael Buckley

Office: +1-212-333-3810

Mobile: +1-646-244-9794

E-mail: mbuckley@brunswickgroup.com

Visa Media Hotline

Tel.: +1-415-932-2564

Web site: http://www.corporate.visa.com

Source: Visa

Contact: Paul Cohen, office tel.: +1-415-932-2166, e-mail: pcohen@visa.comor Michael Buckley, tel.: +1-212-333-3810 or mobile: +1-646-244-9794,e-mail: mbuckley@brunswickgroup.com, both of Visa, or Visa Media Hotline,tel.: +1-415-932-2564

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