Equifax Completes Spinoff

Atlanta, August 7, 1997-- Equifax today completed the spinoff of its Insurance Services Group as planned, establishing an independent company named ChoicePoint. Equifax will continue to serve the information and processing needs of financial services and other industries on a global basis.

The spinoff was accomplished with the distribution of stock in the new company to Equifax shareholders of record July 24. Shareholders of record received one share of stock in ChoicePoint for every 10 shares held in Equifax. Shareholders with fractional shares in ChoicePoint will receive a cash payment. A private letter ruling from the IRS confirmed the distribution of stock in ChoicePoint will be treated generally as a tax-free dividend.

Equifax will continue trading on the New York Stock Exchange under the symbol "EFX." Meanwhile, ChoicePoint, as an independent company, begins regular trading on August 8 on the New York Stock Exchange under the symbol "CPS."

Equifax is led by Daniel W. McGlaughlin, who is now Equifax's vice chairman while continuing his role as chief executive officer, and Thomas F. Chapman, who became Equifax's president and chief operating officer today.

Current Equifax board members include: C.B. Rogers, Jr.; D.W. McGlaughlin; Lee A. Ault, III; Thomas F. Chapman; John L. Clendenin; A.W. Dahlberg; Robert P. Forrestal; L.Phillip Human; Larry L. Prince; D. Raymond Riddle; Dr. Betty L. Siegel and Dr. Louis W. Sullivan.

Equifax is a world leader in providing financial information and processing solutions, with global operations in consumer and commercial credit information services, payment services, software, modeling, analytics and consulting and direct-to-consumer services. The company serves many industries including banking, finance, retail, telecommunications, utilities and health care. Equifax was founded in 1899 in Atlanta and today has 10,000 employees around the world. It operates globally in 17 countries, with sales in 40 countries. Equifax (NYSE: EFX) revenues for the 12 months ended June 30, 1997, were just under $1.3 billion.