Visa completes exchange of 98% of Class B-1 common stock for B-2 and C shares

VISA INC.

240,677,470 Class B-1 shares tendered in exchange offer that expired May 3, 2024.
Visa will issue 120,338,683 Class B-2 and 47,759,832 Class C shares in exchange.
Cash paid for fractional shares based on $268.49 Class A closing price on expiration date.
Accepted shares represent 98% of outstanding Class B-1 common stock.
Settlement will occur promptly after announcement on May 6, 2024.

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