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

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

August 30, 2007

    SAN FRANCISCO, Aug. 29 /Xinhua-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
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 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: [phone]
               [e-mail]

               Michael Buckley
               Office: [phone]
               Mobile: [phone]
               [e-mail] 

               Visa Media Hotline
               [phone]

               Website:  http://www.corporate.visa.com