Acquisition

GUS PLC 19 March 2002 19 March 2002 GUS plc ACQUISITION OF CONSUMERINFO.COM FOR $130M GUS plc, the retail and business services group, today announces that Experian North America has reached an agreement to acquire ConsumerInfo.com for $130m in cash from Homestore.com, Inc. (NASDAQ: HOMSE). This acquisition is subject to Hart-Scott-Rodino antitrust clearance and other customary closing conditions. ConsumerInfo.com is the leading supplier of online credit reports, scores and related information to consumers in the United States. In the year to December 2001, it made a small operating profit on sales of $50m. The business has generated an operating profit each month since September 2001 and is expected to be immediately earnings enhancing for GUS. ConsumerInfo.com has been cash positive during the last twelve months. It will have no net debt at the time of acquisition. About three quarters of ConsumerInfo.com's revenue comes from membership subscriptions. For an annual subscription of $79.95, members can access their credit reports as often as desired, monitor their files monthly to see, for example, which organisations have requested their credit status and take advice on managing credit and debt levels. At 28 February 2002, ConsumerInfo.com had 778,000 members, up from 492,000 a year previously. The rapid growth in this business follows the trend of consumers wanting to take greater control of their own finances and closely monitor their creditworthiness. The remainder of its revenues comes from the sale of one-off online credit reports and scores at prices between $9.95 and $44.95 each. ConsumerInfo.com operates in high growth markets and is complementary to Experian's existing services. Direct-to-consumer a growing market: Experian believes that selling credit services direct to consumers is a high growth market in the US. By carefully monitoring and managing their credit files, consumers can actively influence both the amount of credit available to them and the rate of interest they pay. The services available also help reduce the growing problems of credit card fraud and identity theft. Experian estimates that about one million consumers currently subscribe to an on-line credit information service and this is set to show future rapid growth. Complements existing Experian services: ConsumerInfo.com complements Experian North America's existing direct to consumer services, Experian.com and CreditExpert.com, which together represent an important source of future growth for Experian. It will broaden the reach and distribution of Experian's products. In addition, ConsumerInfo.com's existing management team brings experienced consumer marketing expertise into Experian North America. First mover advantage: ConsumerInfo.com was the first company to offer online credit reports and monitoring to consumers in 1997 and remains market leader. Through 100 co-branded sites and over 65,000 affiliates, seven million consumers visit its website monthly. Cross-selling opportunities: The acquisition of ConsumerInfo.com will strengthen Experian's relationship with consumers and will enable it to cross-sell additional existing products such as Vehicle History Reports and real estate information. Don Robert, Chief Operating Officer of Experian North America, said: 'This acquisition is an opportunity to expand significantly our reach into the direct to consumer market - a major growth strategy for Experian North America. ConsumerInfo.com has a powerful distribution network and an experienced management team. With them, we will be able to leverage the power of our core credit file and analytical tools and deliver them to fast growing new markets.' Ed Ojdana, Chief Executive Officer and founder of ConsumerInfo.com, said: 'Being part of Experian North America will enable us to develop faster. As well as continuing to serve the hundreds of thousands of consumers with whom we have built relationships, Experian brings us immediate access to new channels via its sales force and strategic client relationships.' Enquiries: GUS David Tyler Finance Director Tel: 020 7495 0070 Fay Dodds Investor Relations Finsbury Rupert Younger Tel: 020 7251 3801 Rollo Head The announcement is also available on the GUS web site www.gusplc.com. The following web sites illustrate the range of direct to consumer credit report and score services now available from Experian North America: www.experian.com www.creditexpert.com www.consumerinfo.com This information is provided by RNS The company news service from the London Stock Exchange PGR

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