Second Quarter 2017 Earnings Report

2017 Outlook Revenue Flat to low single digit growth in GAAP revenue (previously flat to low single digit decline), or a low single digit increase constant currency* Operating Profit Margin GAAP operating margin of approximately 17% and adjusted operating margin of approximately 20%* Earnings per Share GAAP EPS in a range of $1.46 to $1.56 (previously $1.48 to $1.60) and adjusted EPS in a range of $1.70 to $1.80 (previously $1.63 to $1.75)* Cash Flow GAAP Cash flow from operating activities of approximately $200 million, which includes $591 million related to the settlement with the federal and state governments announced in January 2017, approximately $100 million of anticipated final tax payments relating to the agreement announced with the U.S. Internal Revenue Service in December 2011, and the WU Way related payments. Excluding these items, expected cash flow from operating activities would be approximately $1 billion. *Note: See appendix for reconciliation of Non-GAAP to GAAP financial measures. WESTERN WU UNION Western Union Confidential | ©2017 Western Union Holdings, Inc. All rights reserved. moving money for better 17

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