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

San Francisco (ots/PRNewswire) -

Visa announced today the individuals who will serve as members of
Visa Inc.'s Board of Directors after the completion of the proposed
restructuring and the appointment of Byron 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 and Visa International will become subsidiaries of Visa Inc.
Visa Europe will retain its member-owned association structure and
will become a licensee of Visa Inc.

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

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

-- Thomas Campbell, Bank of America Dean and Professor of Business, the
Haas School of Business, University of California, Berkeley
-- Gary Coughlan, Former Chief Financial Officer and Senior Vice
President of 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
Hong Kong 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
directors after the completion of the proposed restructuring:

-- Peter Hawkins, Chairman of Visa Asia Pacific Region, director of Visa
International and director of Inovant
-- David McKay, Chairman of Visa Canada, director of Visa International
and Executive Vice President of Personal Financial Services, Royal
Bank of Canada
-- Hani Al-Qadi, General Manager and Vice Chairman, Arab Jordan
Investment Bank, and director of Visa Central Europe Middle East
Africa (CEMEA)
-- Hans van der Velde, Deputy Chairman of Visa Europe and director of
Visa International and Inovant
-- Segismundo Schulin-Zeuthen, Chairman of Visa Latin America and
Caribbean Region and director of Visa International and Inovant
-- Charles T. Doyle, Chairman, Texas First Bank and Chairman, Texas
Independent Bancshares, Inc. and director of Visa USA, Visa
International and 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, whose vision and diversity of experience will be
invaluable to Visa Inc. and our customers," said Joseph Saunders.
"Visa Inc.'s governance will benefit from the broad perspective,
strategic insights and business expertise that our new board members
bring."

Visa also announced that Byron Pollitt, Jr. will be serving as
Chief Financial Officer of Visa Inc., reporting directly to Saunders,
effective mid-September 2007.

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

About Visa: Visa operates the world's largest retail electronic
payments network providing processing services and payment product
platforms. This includes consumer credit, debit, prepaid and
commercial payments, which are offered under the Visa, Visa Electron,
Interlink and PLUS brands. Visa enjoys unsurpassed acceptance around
the world and Visa/PLUS is one of the world's largest global ATM
networks, offering cash access in local currency in more than 170
countries.

For more information, visit 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 be filing documents regarding the proposed
transaction with the SEC, including a registration statement on Form
S-4 containing a proxy statement-prospectus. We urge members to read
the registration statement, the definitive proxy statement-prospectus
regarding the proposed restructuring and any other relevant documents
carefully and in their entirety when they become available because
they will contain important information about the proposed
restructuring. The definitive proxy statement-prospectus will be
mailed to eligible members of Visa International, Visa USA and Visa
Canada. You may obtain copies of any of these documents filed with
the SEC that contain information about the proposed restructuring
free of charge at the Web site maintained by the SEC at 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
statements may be identified by the use of words such as "will,"
"believes," "anticipates," "intends," "estimates," "expects,"
"projects," "plans" or similar expressions. Such forward-looking
statements include, without limitation, statements about the proposed
restructuring and related transactions, strategy, future operations,
prospects, plans and objectives of management and events or
developments that we expect or anticipate will occur. The
forward-looking statements reflect Visa's current views and
assumptions and are subject to risks and uncertainties, which may
cause actual and future results and trends to differ materially from
the forward-looking statements, including but not limited to ability
to obtain approval by Visa's members for the proposed restructuring
and related transactions; the successful completion of the
restructuring and related transactions; Visa's ability to achieve its
strategic objectives; the outcome of legal proceedings; uncertainties
inherent in operating internationally; and the impact of law and
regulations. Many of these factors are beyond Visa's ability to
control or predict. Given these factors, you should not place undue
reliance on the forward-looking statements.

Contact: Paul Cohen
Office: +1-415-932-2166
pcohen@visa.com
Michael Buckley
Office: +1-212-333-3810
Mobile: +1-646-244-9794
mbuckley@brunswickgroup.com
Visa Media Hotline
+1-415-932-2564

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

ots Originaltext: Visa International
Im Internet recherchierbar: http://www.presseportal.de

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