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Press release from Business Wire

Correos and Western Union Renew Their Agreement for Another Five Years

Tuesday, May 08, 2012

Correos and Western Union Renew Their Agreement for Another Five Years13:30 EDT Tuesday, May 08, 2012 ENGLEWOOD, Colo. (Business Wire) -- CORREOS, the leading postal service company in Spain, and Western Union (NYSE: WU), a global leader in payment services, announced today the signing of a new agreement for another five years to continue providing the Western Union® Money TransferSM services and, in addition, the Western Union Business Solutions service to the customers of the CORREOS network. Thanks to the new agreement, CORREOS will expand the Western Union services that are available throughout its network of over 2,260 branch offices. CORREOS will now also offer the Western Union Business Solutions service that enables companies of all sizes to send and receive international payments, creating unique solutions tailored to suit their foreign exchange needs. Western Union offers fast, reliable and convenient ways to send and receive money, through a combined network of approximately 500,000 Agent locations in 200 countries and territories. This allows consumers to send money to receivers in minutes at any Western Union Agent's office1. Thanks to this agreement, CORREOS remains integrated into a global network committed to providing quality service and benefits for its customers, offering them the added reliability associated with its brand. For Javier Cuesta, president of the public Spanish postal company, “this agreement is the result of long years of collaboration and the positive experience with the services provided. We trust that this new agreement will improve and increase service offerings for our clients, and position CORREOS as one of the most advanced operators in international remittances, both for consumers and businesses alike.” Jan Hillered, Senior Vice President – Europe and CIS, Western Union, says, “Western Union is delighted to extend our successful relationship with CORREOS. This agreement is a clear demonstration of the added value that our international network can bring to national postal service operators, and very good news to all of our customers in Spain who appreciate the high quality service that CORREOS offers.” About Western Union The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of approximately 500,000 agent locations in 200 countries and territories. In 2011, The Western Union Company completed 226 million consumer-to-consumer transactions worldwide, moving $81 billion of principal between consumers, and 425 million business payments. For more information, visit About CORREOS CORREOS is a leader in the postal industry in Spain in the transport of documents and goods. CORREOS distributes more than 4,400 million deliveries each year and reaches 19 million homes and two million companies. It is the leading company in the country for capillary action and national coverage, with more than 10,000 points of access to services. CORREOS is an increasingly accessible company thanks to its online office, available 24 hours a day, 365 days a year. WU-G 1 Depending on time zones and opening hours. Western UnionDan Diaz,