Equifax Expects Record 1995; Continued Global and U.S. Growth

Momentum Continues As Leadership Changes

ATLANTA, January 11, 1996 -- After what is expected to be another record-breaking year in 1995, Equifax enters 1996 with its chairman passing the CEO reins and a continuing emphasis on international expansion and domestic growth through the introduction of technologically advanced products.

Daniel W. McGlaughlin assumed the post of chief executive officer on Jan. 1, 1996, in a long-planned succession. C.B. "Jack" Rogers, Jr., the company's CEO since 1989, remains as chairman and an active manager with McGlaughlin.

Rogers said the corporate strategy established by McGlaughlin and him was key to the company's 1995 performance and is integral to the 1996 outlook for continued growth. The 1995 financial performance was impressive, with the company posting what are expected to be record revenues and profits; raising the quarterly dividend; experiencing stock price rises to record highs; splitting the stock 2-for-1, and launching a new $200 million stock repurchase program. (Fourth quarter results are expected January 22.)

Internationally, Equifax continued its global expansion in 1995 by capitalizing on existing ventures and acquisitions.

• Equifax Europe extended its reach by acquiring The Infocheck Group, the leading provider of on-line commercial report services in the UK. The acquisition enables Equifax to provide greatly increased levels of service and support to commercial customers. Additionally, Infocheck's data acquisition company, The Database Company Limited, gives Equifax Europe new data acquisition and analysis capabilities across the entire company.
• ASNEF-Equifax, in Spain, expanded to provide the first automated credit reporting services in Portugal.
• Equifax South America, through its Chilean joint venture, DICOM SA, began operations in Peru, forming a new information company, INFOCORP, headquartered in Lima.
• The company's Financial Services Group, operating through its FBS Software unit, acquired TecniCob SA, a French company that markets the very successful UNIX-based credit card processing software system - Multi X Pac. The acquisition gave Equifax ownership and distribution rights to Multi X Pac and the ability to market the software worldwide, increasing FBS's product presence from nine countries to 24.
• In October, Equifax received clearance from the government of Mexico to provide credit information to Mexican financial institutions.
• And on January 3, 1996, Dan McGlaughlin announced that international operations would now be handled by each of the company's three business product groups -- Financial Services, Insurance Information Services and Healthcare Information Services. "This reorganization has great impact on the future," said McGlaughlin, "as we automatically factor in global possibilities in applying technology to new products."

Domestically, the year was characterized by initiatives ranging from the 1996 Olympics to another landmark privacy survey and several acquisitions, joint ventures and a host of new products.

• Financial Services Group consolidated its Check Services and Card Services into Equifax Payment Services and announced that the unit would move into a new facility in 1996, but would remain in the Tampa Bay area.
• Equifax Mortgage Services became the first credit reporting company to sign a Fair Lending - Best Practices Agreement with the United States Department of Housing and Urban Development, contributing to increasing the rate of home ownership throughout the country.
• The Equifax-Harris Mid-Decade Consumer Privacy Survey, the sixth such annual survey undertaken by the company, was published in October and introduced at the annual conference of "Privacy and American Business" in Washington, D.C.
• In March, Equifax introduced its Healthcare Information Services Group, which includes business units serving the healthcare and medical communities.
• The company made two acquisitions and two divestitures in 1995:
  1. Financial Services acquired UCB Services, Glen Ellyn, Illinois, one of the top five mortgage credit reporting companies in the country. Healthcare Information Services acquired Medical Review Systems, a healthcare cost containment company in Atlanta.
  2. Citing the need to focus on Equifax's core businesses, the company sold its marketing research subsidiary, Elrick & Lavidge, to InterServ, an Atlanta marketing research firm. Quick Test, a company specializing in shopping center marketing interviews, was sold separately to a private investor.

Equifax's Business Units were taking care of business with new products and business alliances and ventures throughout the year.

Financial Services Group's Equifax Check Services joined the Financial Services Technology Consortium to participate in leading-edge work on The Electronic Check project, exploring the future dynamics of the check industry. Equifax Credit Services enhanced its communication with consumers by offering The Equifax Forum over The Microsoft Network, where consumers can learn more about credit reporting and order a copy of their credit file.

Equifax National Decision Systems launched a new subsidiary company, Business Geo-Metrics (BGM). BGM's first product, ProphetPoint, is a system of Windows-based software and CD-ROM data sets allowing business marketers and strategic planners to perform an unlimited number of highly detailed market studies of industries, businesses and geographic areas with historic, current and future forecast perspectives.

The group's Decision Systems unit launched two predictive models, The Bankcard Usage Predictor and The Retail Card Usage Predictor, which rank consumers' propensity to use a card or carry a balance. The Telecommunications and Utilities Services unit introduced the Telecommunications Risk Assessment Model, the first scoring system built to help telecom companies determine if deposits are necessary from new customers.