Former Atlanta Fed President Proposed to Join Equifax Board

ATLANTA, March 25, 1996 -- Robert P. Forrestal, a highly respected banker and lawyer who recently retired after 12 years as president and CEO of the Federal Reserve Bank of Atlanta, will stand for election to the Equifax Board of Directors at the company's annual shareholder's meeting on May 1.

Forrestal is one of two executives seeking election for the first time to the 15-member Equifax Board. The second is Derek V. Smith, executive vice president and group executive, Equifax Insurance Services Group.

"Robert Forrestal is one of the nation's most respected financial experts and we're honored by his decision to serve on our board," said C.B. Rogers, Jr., Equifax chairman. "In Derek Smith, we have an executive who has repeatedly demonstrated his business acumen. We have an energized company that's become a leader in global information management and the addition of directors like Robert Forrestal and Derek Smith will stand us in good stead for future growth."

The annual Equifax shareholder's meeting is scheduled May 1, 1996, at 10 a.m. at Atlanta's High Museum of Art.

Forrestal, a native of New York City, retired as president and CEO of Atlanta's Federal Reserve Bank on Jan. 1. He is credited with leading the Atlanta Reserve Bank during a period of tremendous change when its check-processing operation became the nation's largest and most efficient and its economic research department gained in stature. As president of the Federal Reserve Bank of Atlanta, Forrestal also sat on the System's chief monetary policy body, the Federal Open Market Committee.

Forrestal earned a B.A. from St. John's University and a law degree from Georgetown University. He joined the Federal Reserve system in its legal division in Washington in 1964, moving to Atlanta in 1970 as vice president and general counsel. He was elected president and CEO in 1983. Upon his retirement, he joined the Atlanta law firm of Smith, Gambrell & Russell.

A long-time civic leader, Forrestal currently serves on the boards of the Atlanta Rotary Club and Oglethorpe University. He also sits on the board of visitors of the Georgia State University School of Law and the board of advisors of the College of Business Administration of Georgia State University. In addition, he is a trustee of the Atlanta Arts Alliance, a member of the Friends of Piedmont Hospital and a member of the boards of the Piedmont Hospital Foundation, Piedmont Medical Care Foundation, the C ommerce Club, the Carter Center Board of Councilors and the World Trade Club Atlanta.

Smith, 41, is credited with engineering a significant turnaround of the company's Insurance Services Group, one marked by double-digit revenue growth and a six-fold increase in operating margin since 1993. A native of New York state who joined the company in 1981, he rose to the office of treasurer in 1990 and in 1991, became senior vice president and chief financial officer.

Smith holds a degree in computer science from Pennsylvania State University and a master's in business management from the Georgia Institute of Technology. He serves on the boards of Zoo Atlanta and the Society of International Business Fellows.

Other nominees seeking re-election to the Equifax Board are Tinsley H. Irvin, former chairman and CEO of Alexander & Alexander Services Inc., an international insurance brokerage company; D. Raymond Riddle, former chairman and CEO of National Service Industries Inc., a diversified manufacturing and service company; Betty L. Siegel, President of Kennesaw State College, and Thomas F. Chapman, executive vice president and group executive of Equifax's Financial Services Group.

Equifax Inc. (NYSE: EFX), committed to Global Information Leadership in the Information Age, is the leading provider of information services that help grant credit, authorize and process credit card and check transactions, insure lives and property and control healthcare costs. Established in 1899 in Atlanta, Equifax today employs 14,000 people throughout North and South America, the United Kingdom and continental Europe. Revenues for the 12 months ended Dec. 31, 1995, exceeded $1.6 billion.