Visa announced today the<br /> individuals who will serve as members of Visa Inc.'s Board of Directors<br /> after the completion of the proposed restructuring and the appointment of<br /> Byron Pollitt, Jr. as Chief Financial Officer designate of Visa Inc.<br />     The proposed restructuring, which remains subject to member approval,<br /> contemplates a series of transactions by which Visa Canada, Visa USA and<br /> Visa International will become subsidiaries of Visa Inc. Visa Europe will<br /> retain its member-owned association structure and will become a licensee of<br /> Visa Inc.<br />     In addition to Joseph Saunders, Chairman and Chief Executive Officer of<br /> Visa Inc., the Board of Directors of Visa Inc. will include 10 independent<br /> directors and seven directors drawn from each of Visa's geographic<br /> operating regions.<br />     The following individuals were named to serve as the independent<br /> directors after the completion of the proposed restructuring:<br />      * Thomas Campbell, Bank of America Dean and Professor of Business, the<br />        Haas School of Business, University of California, Berkeley<br />      * Gary Coughlan, Former Chief Financial Officer and Senior Vice President<br />        of Finance, Abbott Laboratories<br />      * Mary B. Cranston, Firm Senior Partner, Pillsbury Winthrop Shaw Pittman<br />        LLC<br />      * Francisco Javier Fernandez-Carbajal, Former Chief Executive Officer,<br />        Corporate Development Division, Grupo Financiero BBVA Bancomer<br />      * Suzanne Nora Johnson, Former Vice Chairman, The Goldman Sachs Group,<br />        Inc.<br />      * Robert W. Matschullat, Former Vice Chairman and Chief Financial<br />        Officer, Seagram Company Limited<br />      * Cathy Elizabeth Minehan, Former President and Chief Executive Officer,<br />        Federal Reserve Bank of Boston<br />      * David J. Pang, Former Chief Executive Officer, Airport Authority of<br />        Hong Kong and Former Corporate Vice President, E.I. DuPont and Former<br />        Chairman, DuPont Greater China<br />      * William Shanahan, Former President, Colgate-Palmolive Company<br />      * John Swainson, President, Chief Executive Officer and Director, CA,<br />        Inc.<br />     The following individuals were named to serve as the regional directors<br /> after the completion of the proposed restructuring:<br />      * Peter Hawkins, Chairman of Visa Asia Pacific Region, director of Visa<br />        International and director of Inovant<br />      * David McKay, Chairman of Visa Canada, director of Visa International<br />        and Executive Vice President of Personal Financial Services, Royal Bank<br />        of Canada<br />      * Hani Al-Qadi, General Manager and Vice Chairman, Arab Jordan Investment<br />        Bank, and director of Visa Central Europe Middle East Africa (CEMEA)<br />      * Hans van der Velde, Deputy Chairman of Visa Europe and director of Visa<br />        International and Inovant<br />      * Segismundo Schulin-Zeuthen, Chairman of Visa Latin America and<br />        Caribbean Region and director of Visa International and Inovant<br />      * Charles T. Doyle, Chairman, Texas First Bank and Chairman, Texas<br />        Independent Bancshares, Inc. and director of Visa USA, Visa<br />        International and Inovant<br />      * Charles W. Scharf, Chief Executive Officer, Retail Financial Services,<br />        JPMorgan Chase & Co. and director of Visa USA<br />     "I am eager to begin working with this talented group of executives,<br /> whose vision and diversity of experience will be invaluable to Visa Inc.<br /> and our customers," said Joseph Saunders. "Visa Inc.'s governance will<br /> benefit from the broad perspective, strategic insights and business<br /> expertise that our new board members bring."<br />     Visa also announced that Byron Pollitt, Jr. will be serving as Chief<br /> Financial Officer of Visa Inc., reporting directly to Saunders, effective<br /> mid- September 2007.<br />     Pollitt joins the company from Gap Inc. where he worked as Executive<br /> Vice President and Chief Financial Officer. Prior to joining Gap Inc.,<br /> Pollitt worked for The Walt Disney Company for 13 years, most recently as<br /> Executive Vice President and Chief Financial Officer of Walt Disney Parks<br /> and Resorts.