Visa Inc. Announces Funding of Litigation Escrow Account

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SAN FRANCISCO, June 1 /PRNewswire-FirstCall/ -- Visa Inc. (NYSE: V) today announced that on May 28, 2010, it had deposited $500 million into the litigation escrow account previously established under the Company's retrospective responsibility plan (the "Plan"). Under the terms of the Plan, the $500 million deposit has the effect of a repurchase by the Company of 6,737,112 shares of Class A common stock at approximately $74.2158 per share, on an as-converted basis, by reducing the as-converted Class B common stock share count from 142,987,780 to 136,250,668. The deposit and price per share calculations were conducted in accordance with the Company's certificate of incorporation using the volume-weighted average price over the 6-day pricing period from May 20, 2010, through May 27, 2010. As a result of the deposit, the conversion rate applicable to the Company's Class B common stock has decreased from 0.5824 to 0.5550.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

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.