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Vistaprint to Acquire Albumprinter, a Leading European Photo Book Provider

October 24, 2011

Subject to satisfaction of various closing conditions, Vistaprint will acquire Albumprinter for €60 million in cash, with a further €5 million to be paid in cash if Albumprinter meets certain financial targets in calendar year 2012. In addition, Albumprinter management and employees will join the Vistaprint team, but will continue to operate under the Albumprinter brands. The transaction is expected to be completed within one month.

Vistaprint expects to pay the purchase price for Albumprinter using cash on hand and borrowings under a new credit facility. On Oct. 21, 2011, Vistaprint entered into a $250 million senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent; HSBC Bank USA, National Association, as syndication agent; RBS Citizens, N.A., as documentation agent; J.P. Morgan Securities LLC, as sole bookrunner and sole lead arranger; and the bank lenders who signed the credit agreement.

Vistaprint has posted additional information about the transaction, including a presentation and accompanying remarks, on the Investor Relations section of its website.

About Vistaprint
Vistaprint N.V. (Nasdaq:VPRT) empowers more than 11 million micro businesses and consumers annually with affordable, professional options to make an impression. With a unique business model supported by proprietary technologies, high-volume production facilities, and direct marketing expertise, Vistaprint offers a wide variety of products and services that micro businesses can use to expand their business. A global company, Vistaprint employs over 2,800 people, operates 24 localized websites globally and ships to more than 130 countries around the world.

About Albumprinter
Albumprinter is one of the leading European online photo book companies, targeting customers in the Netherlands, Belgium, the UK, Germany, France, Sweden and Norway. Since its launch in 2003, Albumprinter has serviced more than 2 million consumers in Europe with its photo product proposition. The company operates the Albelli, Bonusprint and Önskefoto consumer brands to exclusively serve consumers directly, and serves leading retailers through an indirect model.

Source: Vistaprint.

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