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Visa Inc. Announces Sale of VisaNet do Brasil Shares by Visa International

San Francisco (ots/PRNewswire)

Visa Inc. (NYSE: V) announced that Visa International, its
wholly-owned subsidiary, sold 136,478,372 shares of Companhia
Brasileira de Meios de Pagamento ("VisaNet do Brasil"), in connection
with VisaNet do Brasil's June IPO. Visa's proceeds from the sale, net
of underwriter discounts and fees, are approximately US$1 billion
based on current exchange rates. Of the US$1 billion in proceeds, the
Company will retain about half after applicable taxes. Visa will
record a GAAP gain from the sale in the quarter ended June 30, 2009,
net of tax, of approximately US$235 million. The gain reflects Visa
International's recorded book value of US$535 million, which is
comprised of  a cash investment of US$18 million made in April 2008
and US$517 million  recorded through GAAP purchase accounting
treatment as part of Visa's  reorganization in October 2007.
The VisaNet do Brasil shares have been offered in the United
States to qualified institutional buyers pursuant to Rule 144A under
the Securities Act of 1933, as amended (the "Securities Act"), and
outside the United States pursuant to Regulation S under the
Securities Act. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of, the VisaNet do Brasil shares in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. The VisaNet do Brasil shares have not been and will not
be registered under the Securities Act and may not be offered or sold
in the United States absent registration or an applicable exemption
from registration requirements. Any public offering of VisaNet do
Brasil shares to be made in the United States will be made by means
of a prospectus which may be obtained from VisaNet do Brasil or a
selling shareholder and which will contain detailed information about
VisaNet do Brasil and management, as well as financial statements.
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
Forward Looking Statements
Certain statements contained in this press release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, which are subject to the "safe
harbor" created by those sections. These statements can be identified
by the terms "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "plan," "potential,"
"predict," "project," "should," "will" and similar expressions which
are intended to identify forward-looking statements. In addition, any
underlying assumptions are forward-looking statements.
By their nature, forward-looking statements: (i) speak only as of
the date they are made, (ii) are not guarantees of future performance
or results and (iii) are subject to risks, uncertainties and
assumptions that are difficult to predict or quantify. Therefore,
actual results could differ materially and adversely from those
forward-looking statements as a result of a variety of factors,
including all the risks discussed in Part 1, Item 1A - "Risk Factors"
in our Annual Report on Form 10-K for the fiscal year ended September
30, 2008 and any subsequent Quarterly Report on Form 10-Q. You are
cautioned not to place undue reliance on such statements, which speak
only as of the date of presentation. Unless required to do so under
U.S. federal securities laws or other applicable laws, we do not
intend to update or revise any forward-looking statements.
Contacts:
    Investor Relations
    Visa Inc.
    Tel: +1-415-932-2213
    E-mail:  ir@visa.com
    Will Valentine, Media Relations
    Visa Inc.
    Tel: +1-415-932-2564
    E-mail:  globalmedia@visa.com

Contact:

Investor Relations, Visa Inc., +1-415-932-2213, ir@visa.com, or Will
Valentine, Media Relations, Visa Inc., +1-415-932-2564,
globalmedia@visa.com

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