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MasterCard Incorporated Reports Compliance With Sarbanes-Oxley Section 404

Contact:

Sharon Gamsin MasterCard International +1-914-249-5622



Purchase, NY, March 02, 2005 - MasterCard Incorporated, the parent company of MasterCard International, is pleased to announce that it has achieved compliance with Section 404 of the Sarbanes-Oxley Act (SOX 404) one year ahead of the deadline for non-accelerated filers with the U.S. Securities and Exchange Commission.

Robert W. Selander, MasterCard president and CEO, said “While we have had transparency of our financial results since becoming a SEC-registered company in 2002, achieving SOX 404 compliance demonstrates the continued strength of our reporting and governance process, and builds on the high standard of accountability that our shareholders deserve and expect. The SOX 404 process both confirmed the strength of our processes and took us to a higher standard of internal control compliance.”

During the year, MasterCard demonstrated strong, enterprise-wide commitment to this initiative, dedicating significant time and resources to ensure compliance, and completed testing of key controls across our global operations.

“SOX 404, which requires management of SEC-registered companies to document and evaluate the design and effectiveness of their internal controls over financial reporting, was a major challenge for corporate America in 2004,” said Chris McWilton, MasterCard's chief financial officer. “MasterCard is pleased to report that we have achieved compliance, and no material weaknesses were identified during testing.”