Company to Expand in European Photo Products Market

VENLO, Netherlands, Oct. 24, 2011 (GLOBE NEWSWIRE) -- Vistaprint N.V.
(Nasdaq:VPRT), a leading online provider of professional marketing
products and services to micro businesses and the home, today announced
it has entered into a definitive agreement to acquire Albumprinter, a
privately held Dutch photo book and photo product company, for EURO60
million payable at closing and up to an additional EURO5 million based
on a performance based earn-out. This acquisition is in line with
Vistaprint's recently announced strategy to be more proactive in its
evaluation of acquisition opportunities in adjacent markets.

Albumprinter, based in Amsterdam, with a manufacturing presence in the
Hague, is one of the top providers of photo books in the estimated
EURO400 million European online photo book market. With approximately
EURO37 million in revenue in the trailing twelve months ended September
30, 2011, the company employs about 150 full-time employees, and has a
primary market presence in the Netherlands, Belgium, the United
Kingdom, Germany, France, Sweden and Norway. Through its award-winning
proprietary front-end technology, automated manufacturing processes,
customer service and marketing focus, the company processes thousands
of orders per day through both a direct-to-consumer model via its
brands Albelli, Bonusprint, and Önskefoto, and an indirect model,
for which it has partnered with leading retail stores throughout
Europe. See www.albumprinter.org for more details on the company.

This acquisition combines Vistaprint's strengths of a pan-European
customer base with Albumprinter's specialized expertise and technology
for the design and production of photo books. Vistaprint currently
plans to promote the Albumprinter offering across the European market.
The acquisition will also enable Albumprinter's customers to benefit
from a much expanded product offering of personalized products that
Vistaprint produces.

"We look forward to welcoming the Albumprinter team and to combining
our talent and strengths in support of customers throughout Europe.
Albumprinter brings a company culture focused on customer satisfaction,
intuitive user interface software, strong photo book manufacturing
experience, a premium brand and a solid financial profile," said Robert
Keane, president and chief executive officer of Vistaprint.

Albumprinter Chief Executive Officer Kees Arends added, "We expect to
provide a product line and expertise that complement Vistaprint's
current offerings and geographic reach in the European market. As a
company with a similar focus on core capabilities, we are excited about
further development of our products and services in order to address
what we believe to be a large and growing opportunity. This combination
should enable us to even better serve a growing group of satisfied
customers."

Subject to satisfaction of various closing conditions, Vistaprint will
acquire Albumprinter for EURO60 million in cash, with a further EURO5
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 October 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. The maturity date of the credit facility is
October 21, 2016. Any borrowings under the facility will bear interest
at LIBOR plus 1.25% to 1.50%, depending on the ratio of Vistaprint's
consolidated indebtedness to its consolidated earnings before interest,
taxes, depreciation and amortization (EBITDA). The credit agreement
evidencing the facility contains customary representations, warranties,
covenants and events of default.

Vistaprint expects this transaction to be modestly dilutive to its GAAP
earnings per share in fiscal 2012 and accretive in fiscal 2013.
Vistaprint expects this transaction to be accretive in fiscal 2012 to
non-GAAP earnings per share, which excludes share based compensation,
acquisition-related amortization of intangibles, and write downs of
acquisition-related intangible assets, goodwill, inventory, or other
assets, if any. Vistaprint will provide updated detailed guidance upon
the close of the transaction.

Vistaprint has posted additional information about the transaction,
including a presentation and accompanying remarks, on the Investor
Relations section of its web site at ir.vistaprint.com.

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. Vistaprint's broad range of products and services are easy
to access online, 24 hours a day at www.vistaprint.com.

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.

Vistaprint and the Vistaprint logo are trademarks of Vistaprint N.V. or
its subsidiaries. All other brand and product names appearing on this
announcement may be trademarks or registered trademarks of their
respective holders.

This press release contains statements about our future expectations,
plans and prospects of our business that constitute forward-looking
statements for purposes of the safe harbor provisions under the Private
Securities Litigation Reform Act of 1995, including but not limited to
the closing of Vistaprint's acquisition of Albumprinter and the effect
of the acquisition on Vistaprint's financial results and both
companies' businesses. Actual results may differ materially from those
indicated by these forward-looking statements. If either company fails
to satisfy the conditions to the closing of the transaction, then the
acquisition may be delayed or may not close at all. In addition, the
acquisition may fail to meet the companies' business and financial
expectations if, among other factors, the companies fail to retain
their current customers and attract new customers, Vistaprint's
customers do not buy as many of Albumprinter's products as expected,
the companies fail to develop new and enhanced products and services,
key employees of Vistaprint or Albumprinter leave the company,
Vistaprint fails to make planned investments in its or Albumprinter's
business or those investments do not have the anticipated effects on
Vistaprint's or Albumprinter's business, competitors succeed in taking
sales away from the companies' products and services, the integration
of Albumprinter's systems and operations is more costly than
anticipated, or there are unfavorable changes in currency exchange
rates or general economic conditions. You can also find other factors
described in our Form 10-K for the fiscal ended June 30, 2011 and the
other documents we periodically file with the U.S. Securities and
Exchange Commission.

In addition, the statements and projections in this press release
represent our expectations and beliefs as of the date of this press
release. We anticipate that subsequent events and developments may
cause these expectations, beliefs and projections to change. We
specifically disclaim any obligation to update any forward-looking
statements. These forward-looking statements should not be relied upon
as representing our expectations or beliefs as of any date subsequent
to the date of this press release.


CONTACT: Vistaprint
         Investor Contact:
         Angela White
         781-652-6480
         ir@vistaprint.com
         or
         Media Contact:
         Jason Keith
         781-652-6444
         publicrelations@vistaprint.com