Cannae Holdings Inc. Announces Investment in Foley Trasimene Acquisition Corp.

Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced the Company has strategically entered into a forward purchase agreement with Foley Trasimene Acquisition Corp. (“FTAC”) in which Cannae, as an anchor investor and a founding member of the Sponsor Group, will purchase an aggregate of 15,000,000 shares of FTAC’s Class A common stock, plus an aggregate of 5,000,000 redeemable warrants to purchase one share of Class A common stock at $11.50 per share. The forward purchase is contingent upon the closing of an initial business combination by FTAC. The total purchase price for the shares and warrants is $150.0 million.

Cannae has a 20% direct economic interest in the founding investor consortium led by Bill Foley.

“The Cannae team looks forward to working with FTAC and its Sponsor Partners to identify prospective target businesses within the industries of financial technology or business process outsourcing, leveraging our collective transaction and organizational optimization experience,” commented Bill Foley.

FTAC has completed its initial public offering of 103,500,000 units at a public offering price of $10.00 per unit. Each unit consists of one share of FTAC’s Class A common stock and one-third of one warrant. Each whole warrant entitles the holder to one share of FTAC’s Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the NYSE under the symbols “WPF” and “WPF.WS,” respectively.

Credit Suisse Securities (USA) LLC and BofA Securities are acting as joint book-running managers for the offering.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained, for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus, when available, may be obtained for free from the offices of Credit Suisse, Attention: Prospectus Department, Eleven Madison Avenue, 3rd Floor, New York, NY 10010, telephone: [phone] or by emailing: [e-mail]; or BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001 or by emailing: [e-mail].