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Equifax Canada 416-964-5224

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Public Relations, Equifax
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Equifax To Purchase Credit Bureau Of Vancouver


ATLANTA and TORONTO, May 6, 1998 -- Equifax announced today that it has reached an agreement to purchase the consumer and commercial credit information businesses of the Credit Bureau of Vancouver. The transaction will close on July 2, 1998.

"This agreement presents a tremendous opportunity for us," says Veronica S. Maidman, senior vice president and general manager, Equifax in Canada. "We have been partners with the Credit Bureau of Vancouver for many years. The acquisition allows us to continue providing customers with knowledge-based information that facilitates transactions between buyers and sellers throughout Canada."

Equifax will expand its office in Vancouver and will work with the current staff to ensure a smooth, seamless transition for Credit Bureau of Vancouver customers.

"Equifax and the Credit Bureau of Vancouver have worked together to serve the financial services community throughout British Columbia with the most comprehensive and advanced decision making tools. We're delighted to have reached this agreement with Equifax. It is a natural extension of our long-standing relationship," says Ken Downie, president of the Credit Bureau of Vancouver.

The Credit Bureau of Vancouver is a privately-held company that has served the financial services community in the Greater Vancouver area for more than 75 years. For the last 21 years, the Credit Bureau of Vancouver has operated in partnership with Equifax as part of the Equifax affiliates network.

Equifax is the leading provider in Canada of knowledge-based information tools and solutions that help consumers and businesses obtain credit, insurance, employment and other related benefits while helping businesses and employers effectively evaluate the risks and opportunities in these transactions.

Equifax's worldwide knowledge-based information, transaction processing, consulting and software businesses are designed to bring buyers and sellers together, thus changing the shape of global commerce. Equifax serves the banking, financial, retail, credit card, telecommunications/utilities, automotive, government and health care industries. It is a leading supplier of business information solutions in Canada, the UK and Latin America. Equifax operates in 17 countries with sales in more than 40 countries. Founded in 1899 in Atlanta, Equifax (NYSE: EFX) today has 10,000 employees around the world. Revenues for the 12 months ended March 31, 1998, were more than $1.4 billion. Visit the company's Internet web site at http://www.equifax.com.

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