S&P Global Announces Strategic Separation of Mobility Division

The separation will be executed through a pro rata distribution of 100% of the outstanding shares of Mobility Global common stock. S&P Global shareholders will receive one share of Mobility Global common stock for each share of S&P Global common stock they hold as of the record date, which is set for June 15, 2026. The distribution is anticipated to take effect at 12:01 a.m. New York City time on July 1, 2026.

Shareholders entitled to receive Mobility Global shares will have their ownership reflected through book-entry account statements or credits in their brokerage accounts. Notably, no action will be required by S&P Global shareholders to receive these shares. However, fractional shares will not be distributed; instead, any fractional shares will be sold in the open market on behalf of the shareholders, who will receive cash payments based on the net proceeds from these sales.

In preparation for the separation, S&P Global plans to send an information statement to its shareholders. This statement will provide comprehensive details about Mobility Global, including potential risks associated with owning its common stock.

A "when-issued" trading market for Mobility Global common stock is expected to commence around June 26, 2026, under the ticker symbol "MBGL WI," and will continue through June 30, 2026. Regular trading for Mobility Global shares is projected to begin on July 1, 2026. During this interim period, S&P Global shareholders will have two trading options. They can either sell their S&P Global shares in the regular market (SPGI) and relinquish their rights to the Mobility Global shares or trade through the "ex-distribution" market (SPGI WI) and retain those rights.

Investors are encouraged to consult with their financial advisors to understand the implications of trading shares during this transitional phase.

Once the distribution is complete, Mobility Global will operate as a standalone public company, with plans to list its common stock on the New York Stock Exchange under the ticker symbol "MBGL." The separation is expected to unlock value for shareholders and allow both entities to pursue independent growth strategies.

S&P Global is supported in this transition by financial advisors Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, and legal counsel Davis Polk & Wardwell LLP.

S&P Global is a leader in providing essential intelligence to businesses, governments, and individuals. Its extensive range of data, benchmarks, and insights facilitate informed decision-making in a rapidly evolving global landscape. The newly formed Mobility Global will focus on mobility intelligence, offering critical data and analytics across the vehicle lifecycle, with a portfolio that includes trusted brands such as CARFAX and automotiveMastermind.

This strategic separation not only reflects S&P Global's commitment to enhancing its core offerings but also aims to solidify Mobility Global's position as a standard-bearer in the mobility analytics sector.

As this significant transition unfolds, the market will be closely watching the developments from both S&P Global and Mobility Global, particularly how they leverage their respective strengths in a competitive landscape.