Ant Financial Comments on Definitive Agreement with MoneyGram

HANGZHOU, China, March 14, 2017 /PRNewswire/ -- Ant Financial Services Group today issued the following statement regarding its agreed-upon transaction with MoneyGram (NASDAQ: MGI) and the unsolicited conditional proposal put forth by Euronet Worldwide:

"Ant Financial remains highly committed to the consummation of our merger with MoneyGram. This combination would bring together our complementary businesses and provide substantial benefits to MoneyGram's stockholders, customers and employees as MoneyGram leverages our platform of 630 million users worldwide.

MoneyGram and Ant Financial continue to work cooperatively under the terms of our merger agreement, and together, we are making progress on schedule towards obtaining all required regulatory and shareholder approvals. We continue to anticipate closing our transaction with MoneyGram in the second half of 2017.

We are excited about this combination and remain committed to keeping MoneyGram, its management team and headquarters in Texas as we invest more in the business and in American jobs in the years ahead."

About Ant Financial

Ant Financial Services Group is focused on serving small and micro enterprises, as well as consumers. With the vision "bring the world equal access to inclusive financial services," Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Ant Fortune, Zhima Credit and MYbank. For more information on Ant Financial, please visit our website at www.antgroup.com or follow us on Twitter @AntFinancial.

Contacts

USA: Sard Verbinnen & Co
Paul Kranhold / Ron Low / Reze Wong
+1 415 618 8750
[email protected] / [email protected] / [email protected]

China: Miranda Shek
+86-18616682252
[email protected]

SOURCE Ant Financial