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MasterCard Incorporated Prices Initial Public Offering
Company to List on New York Stock Exchange Under Symbol: MA

May 24, 2006 Purchase, NY – MasterCard Incorporated announced today that its initial public offering of 61,520,912 shares of its Class A common stock has been priced at $39.00 per share. The shares will begin trading tomorrow on the New York Stock Exchange under the trading symbol “MA.” The company will retain $650 million of the proceeds of the sale, with the remainder used to redeem shares held by current shareholders.

“Listing on the NYSE marks a major milestone for MasterCard and reinforces our commitment to continued growth and building value for our customers and stockholders,” said Robert W. Selander, MasterCard president and chief executive officer.

Goldman, Sachs & Co. is the global coordinator and one of four joint book-runners for the offering, together with Citigroup Global Markets Inc., HSBC Securities (USA) Inc., and J.P. Morgan Securities Inc. The co-managing underwriters in the syndicate are Bear Stearns & Co. Inc, Cowen and Company, LLC, Deutsche Bank Securities Inc., Harris Nesbitt Corp., KeyBanc Capital Markets, a division of McDonald Investments Inc. and Santander Investment, S.A.

MasterCard has granted the underwriters of the offering an option to purchase up to 4,614,077 additional shares within 30 days to cover over-allotments.

A copy of the final prospectus may be obtained by contacting any of the following: Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, Attention: Prospectus Department (tel: 212-902-1171); Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (tel: 718-765-6732); HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, NY 10018 (tel: 212-525-3443); or JPMorgan, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, Attn: National Statement Processing, Prospectus Library (tel: 718-242-8002). You may also obtain the final prospectus when it is available on the Securities and Exchange Commission's website at http://www.sec.gov.

About MasterCard Incorporated

MasterCard Incorporated, through its principal operating subsidiary, MasterCard International, advances global commerce by providing a link among financial institutions and millions of businesses, cardholders and merchants worldwide. Through the company's roles as a franchisor, processor and advisor, MasterCard develops and markets secure, convenient and rewarding payment solutions, processes more than 16 billion payments each year, and provides analysis and consulting services that drive business growth for its banking customers and merchants. With more than one billion cards issued through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories, and is a partner to 25,000 of the world's leading financial institutions. With more than 24 million acceptance locations worldwide, no payment card is more widely accepted than MasterCard.

Media Relations Contact: 914-249-3155
Investor Relations Contact: 914-249-4565