1. © 2006, Experian-Scorex Proprietary and Confidential #1#1 Credit Bureau – EMEA Business Overview Roberto Giannantoni

2. © 2006, Experian-Scorex Proprietary and Confidential #2#2 The Experian-Scorex local intelligenceKey Solutions Analytics Strategy Management Strategy Optimisation Consultancy Customer Management Credit Bureau Customer Acquisition Fraud Global solutions supporting global clients

3. © 2006, Experian-Scorex Proprietary and Confidential #3#3 Role of credit bureaus in financial markets  Decreases information asymmetries between borrowers and lenders  Allows lenders to more accurately evaluate risks and improve portfolio quality  Eases adverse selection problem and lowers the cost of credit for a good borrower  Increases credit volume/ improves access to credit  Supports introduction of credit scoring and automated underwriting, lowers lender operational costs and improves profitability

4. © 2006, Experian-Scorex Proprietary and Confidential #4#4 Private Credit Bureaus have grown rapidly

5. © 2006, Experian-Scorex Proprietary and Confidential #5#5 Classification of Consumer Credit Bureaus Lowest predictiveness (e.g. Korea, Morocco) Lower predictiveness (e.g. Poland, Czech Republic) “Fragmented” (e.g. information shared among banks only or retail only) Lower predictiveness (e.g. Australia) “Full” (information shared by banks, retailers, NBFIs, mobile operators) Sources of Information “Negative Only” Types of Information “Positive & Negative” High predictiveness (e.g. US, UK, Italy,)

6. © 2006, Experian-Scorex Proprietary and Confidential #6#6 Use of positive information results in lower default rates ArgentinaBrazil Estimates are based on information on large loans from public credit registries in Argentina and Brazil. Graph represents predicted default rates at 60% approval rate. Based on Majnoni, Miller, Mylenko and Powell (2003) “Public Credit Information Systems: Evaluating Available Information”, World Bank

7. © 2006, Experian-Scorex Proprietary and Confidential #7#7 Percent of Applicants who Obtain a Loan Source: Barron and Staten (2000). Note: Figure shows the simulated credit availability assuming a target default rate of 3% 90% increase in access 11% increase in access Broader information sharing expands credit

8. © 2006, Experian-Scorex Proprietary and Confidential #8#8 Private credit registries are associated with lower financing constraints Estimates based on data on 5000 firms in 51 countries Source: Love and Mylenko (2003) % of small firms reporting high financing constraints Probability of obtaining a bank loan for a small firm

9. © 2006, Experian-Scorex Proprietary and Confidential #9#9 Europe and Central Asia Positive vs. Negative Reporting

10. © 2006, Experian-Scorex Proprietary and Confidential #10 France Spain Turkey - KKB Italy Germany Kuwait - Ci-Net Saudi Arabia - AlJisr South Africa Netherlands USA UK Denmark Norway Today Russia Bulgaria Romania

11. © 2006, Experian-Scorex Proprietary and Confidential #11 Experian-Scorex Consulting Experience  Europe  Asia Pacific  South America  Middle East  30+ countries…..

12. © 2006, Experian-Scorex Proprietary and Confidential #12 Summary of Bureau Solutions ConsumerBusinessVehicleInsuranceProperty UKXXXXX USAXXXXX ItalyX SME’s South AfricaX NetherlandsXX SpainX Via Informa FranceX DenmarkXX NorwayXX IrelandXX Bulgaria SME’s X

13. © 2006, Experian-Scorex Proprietary and Confidential #13 Summary of Consumer Bureau Solutions Credit Reference Positive Account Sharing Customer Monitoring TracingBureau Scoring VerificationMail Screening Fraud Prevention Authenti- cation Total Indebted- ness Consumer Access Services UKXXXXXXXXXXX USAXXXXXXXXXXX ItalyXXX XX X X South AfricaXXXXXX X X NetherlandsXXXXX X X SpainX X France X DenmarkX X NorwayX X IrelandXX X BulgariaXX X

14. © 2006, Experian-Scorex Proprietary and Confidential #14 Romania – Expert Credit Bureau Presented today new Positive/Negative platform Future integration with Value Added services Working on address cleansing features 5 active clients

15. © 2006, Experian-Scorex Proprietary and Confidential #15 Business need for information to enable profitable and responsible applicant and customer management with Consumer right to privacy but also demand for fast and modern delivery of goods and services Balance

16. © 2006, Experian-Scorex Proprietary and Confidential #16 Value Added Solutions  Customer monitoring  Consumer tracing  Bureau Scoring  Verification  Mail Screening  Application Fraud Prevention  Authentication  Total indebtedness  Consumer Access Services  Consumer Education

17. © 2006, Experian-Scorex Proprietary and Confidential #17 Effective across sectors  Personal loans  Automobile finance  Credit cards  Mortgages  Telecommunications  Utility supply  Overdrafts  Insurance  Rental  Internet Services

18. © 2006, Experian-Scorex Proprietary and Confidential #18 Conclusions Economy pushes for new sales channel Knowing our customer is a must Margins are under pressure Customer centric approach Euro Zone needs

19. © 2006, Experian-Scorex Proprietary and Confidential #19 Tomorrow’s dream Experian-Scorex Global Bureau Score Euro Bureau Experian Scorex Global Fraud Database

20. © 2006, Experian-Scorex Proprietary and Confidential #20 Credit Bureau – EMEA Business Overview Roberto Giannantoni