First Data Announces Offers for Up to $1.6 Billion of its Outstanding Debt

First Data Corp. today announced the commencement of cash tender offers for up to $1.6 billion aggregate principal amount of its outstanding notes listed below (the “Notes”) as part of the company’s plan to decrease its outstanding consolidated indebtedness. The terms and conditions of the tender offers are described in the Offer to Purchase, dated November 7, 2006, and related Letter of Transmittal. The Offer to Purchase and Letter of Transmittal will be mailed to the holders of the Notes.

The tender offers for each series of Notes will expire at 12:00 midnight, New York City time, on December 6, 2006, unless extended.

Holders must tender their Notes by 5:00 p.m., New York City time, on November 21, 2006, unless extended, to be eligible to receive the applicable total consideration (which includes the applicable early tender payment set out above). Holders who tender their Notes after such date and prior to the expiration date will be eligible to receive the applicable total consideration less the early tender payment.

The applicable total consideration will be determined as described in the Offer to Purchase based on the present value of future payments on the applicable Notes discounted to the settlement date at a rate equal to the sum of the yield to maturity, calculated by the lead dealer managers based on the bid price for the applicable reference security at 2:00 p.m., New York City time, on December 4, 2006, plus the applicable fixed spread, minus accrued interest to but excluding the settlement date.

In addition, payments for Notes purchased will include accrued interest to but excluding the settlement date.

The amount of each series of Notes that will be purchased will be determined in accordance with the Acceptance Priority Level set forth above and may be prorated as described in the Offer to Purchase. For instance, all Notes with the Acceptance Priority Level 1 will be accepted before any Notes with the Acceptance Priority Level 2 and so forth through succeeding levels. If the aggregate principal amount of Notes tendered in any series exceeds the remaining amount available for such series, such Notes will be accepted on a pro rata basis. In that event, Notes with an Acceptance Priority Level following the prorated series of Notes will not be accepted for payment.

Withdrawal rights for all offers will expire at 5:00 p.m., New York City time, on November 21, 2006, unless extended or otherwise required by law.

The settlement date is expected to be one business day following the expiration of the offers.

The consummation of the tender offers is conditioned upon the satisfaction or waiver of conditions set forth in the Offer to Purchase.

First Data has retained Barclays Capital, Inc., Citigroup Corporate and Investment Banking, and J.P. Morgan Securities Inc. as lead dealer managers and LaSalle Capital Markets, PNC Capital Markets LLC, SunTrust Robinson Humphrey, Wachovia Securities, and Wells Fargo Securities to serve as co-dealer managers. Global Bondholder Services Corporation to serve as the depositary agent and information agent for the tender offers and Deutsche Bank Luxembourg SA will serve as Luxembourg Tender Agent.

For additional information regarding the terms of the tender offers, please contact: Barclays Capital, Inc. at (866) 307-8991 (toll free) or (212) 412-4072 (collect), Citigroup Corporate and Investment Banking at (800) 558-3745 (toll free) or (212) 723-6106 (collect), and J.P. Morgan Securities Inc. at (866) 834-4666 (toll free) or (212) 834-4077 (collect). Requests for documents and questions regarding the tendering of notes may be directed to Global Bondholder Services Corporation at (866) 952-2200 (toll free).