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Letter to the Editor

Solera Holdings Acquires HPI Ltd in UK

Audatex, a Solera company, and Aviva have been strategic international partners for more than a decade. As one of Aviva's claims management technology partners, Solera provides an innovative suite of services that help customers improve performance within the auto and property claims environments. Solera believes its acquisition of HPI will enhance that capability significantly.

The total consideration paid for HPI at closing was approximately $117.4 million (78.3 million pounds Sterling), which consisted of approximately $100.5 million (67.0 million pounds) in cash and a subordinated note in the amount of approximately $16.9 million (11.3 million pounds).

"The acquisition of HPI is consistent with our strategy of investing in companies that are both aligned with and extend our core automotive claims and data services offering. The HPI suite of products and services will enhance our delivery of decision support data and software applications to our insurer, car manufacturer, auto dealer, and finance company customers. The acquisition will help us meet some of the increased demand from our clients for access to integrated historical information on specific vehicles and specific clients with which they are about to transact. Additionally, we will begin exploring the extension of the HPI model both regionally and internationally within the Solera portfolio. We are excited to have completed this transaction, and we very much look forward to focusing on building additional stockholder value through leveraging the assets of Solera and HPI for the benefit of our clients," said Tony Aquila, Solera's Chairman and Chief Executive Officer.

Although the company does not plan to update its previously issued financial outlook for Fiscal Year 2009 until the second fiscal quarter 2009 earnings release and conference call currently anticipated for the first week of February, 2009, its preliminary estimate is that the acquisition of HPI will add approximately $21.0 million (14.0 million pounds) to Fiscal Year 2009 revenues and approximately $9.0 million (6.0 million pounds) to Fiscal Year 2009 Adjusted EBITDA.

Solera is active in over 50 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries;, Informex in Belgium; Sidexa in France; ABZ in The Netherlands; Hollander serving the North American recycling market; and IMS providing medical review services.

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