MasterCard Adopts Zero Liability in Asia/Pacific

MasterCard Adopts Zero Liability Rule Across Asia/Pacific

Auckland, 28 July 2005 –MasterCard International today announced that with immediate effect, the Asia/Pacific region has adopted a cardholder liability limit of US$0(zero) for unauthorized use of any Asia/Pacific issued, consumer MasterCard-branded cards.

Cardholders must satisfy a number of specific conditions to enjoy the protection of zero liability protection. The cardholder’s issuing bank must be satisfied that all of these conditions are met. The conditions include the cardholder having exercised vigilant care in safeguarding their cards and immediately notifying their issuing bank of the loss, theft and/or unauthorized use of their cards.

The accounts of such cardholders must also in be good standing and cardholders must be in compliance with the terms and conditions of their cardholder agreements with their issuing banks.

André Sekulic, president, Asia/Pacific, Middle East and Africa, MasterCard International said; “This zero liability rule has been a work-in-progress for some time, taking into account the great diversity across the Asia/Pacific markets. We are pleased to advise that the Board of Directors for Asia/Pacific has been constructive and supportive of the need to protect consumers, and has approved the adoption of the zero liability rule.”

MasterCard-branded cards issued in Australia, Brunei, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Taiwan, Thailand, Indo-China, Guam, South Pacific Islands and Mongolia qualify for this zero liability protection.

About MasterCard International

MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard International manages a family of well-known, widely accepted payment cards brands including MasterCard, Maestroand Cirrusand serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Pricelessadvertising campaign is now seen in 96 countries and in 48 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com or refer to our filings with the U.S. Securities and Exchange Commission.

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