news release

Experian agrees to acquire majority stake in MOVA

16 May 2022 - Experian, the global information services company, is pleased to announce that it has agreed to acquire MOVA Sociedade de Empréstimo entre Pessoas S.A. ('MOVA'), a leading fintech in Brazil that helps equip any company, including non-banks, with the expertise and technology to perform data-driven credit assessments of their SME¹ end-clients. SMEs are underserved by affordable credit in Brazil and MOVA is tackling this issue. MOVA is highly complementary to Experian's existing Business-to-Business solutions, facilitating access to credit by SMEs.

We have agreed to acquire 51% of MOVA from Érico Sodre Quirino, a private investor, and Roberto Tesch, founder and CEO (together, the "Sellers"), for cash consideration of R$40m (c.US$7.9m²) on completion in the form of a capital injection into MOVA, and an earnout based on MOVA's calendar year 2024 net revenues payable to the Sellers. Experian has a call option to acquire the remaining 49% stake between calendar year 2026 and calendar year 2028, whilst the Sellers have a put option exercisable during calendar year 2029. The transaction is expected to be funded from Experian's existing cash resources. For the year ending 31 December 2021, MOVA generated negative EBIT of R$11.7m (c.US$2.3m). As at 31 December 2021, the gross assets of MOVA were R$14.5m (c.US$2.9m).

The transaction is subject to approval by the regulatory authorities in Brazil.

1 SME = Small- and medium-sized enterprises.

2 Brazilian Real/US$ exchange rate of 5.06 as at 15 May 2022.

Contact:

Experian

Nadia Ridout-Jamieson             Investor queries                                     +44 (0)20 3042 4215

Gerry Tschopp                          Media                                                     +1 714 830 7756

Luana Batista                            Brazil Media                                          +5511 2847 9512

Tulchan

Graeme Wilson, Louise Male and Guy Bates                                              +44 (0)20 7353 4200

About Experian

Experian is the world's leading global information services company. During life's big moments - from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers - we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.

We have 20,000 people operating across 44 countries and every day we're investing in new technologies, talented people, and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.