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FiscalNote Intends to Acquire CQ Roll Call from The Economist Group

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The Economist Group to Take 18% Stake and CEO to Join Board of
Directors; FiscalNote CEO Tim Hwang to Lead Combined Company

FiscalNote, a technology innovator at the intersection of global
business and government that provides advanced, data-driven Issues
Management solutions, today announces that it intends to acquire CQ Roll
Call from The Economist Group. As part of the transaction, The Economist
Group would obtain an 18 percent equity stake in the company, making it
the largest single shareholder of FiscalNote. In addition, Chris Stibbs,
CEO of The Economist Group would join the FiscalNote Board of Directors.
FiscalNote Founder and CEO, Tim Hwang, would remain the largest
individual shareholder and CEO of the company. This acquisition would
anchor FiscalNote as one of the largest technology employers
headquartered in Washington, D.C. and a global provider of Issues
Management solutions.

This strategic acquisition would leverage the rich history of the CQ and
Roll Call brands, trusted for their non-partisan and unbiased coverage
of the federal government for decades and strength in federal content,
to complement FiscalNote's expertise in technology and real-time policy
data and analytics to provide a broader suite of products and services
in a dynamic market. In addition to bringing the combined company's
enhanced offerings to market, FiscalNote would uphold CQ Roll Call's
editorial independence while identifying opportunities to adapt and grow
in a transforming digital news landscape.

"By acquiring CQ Roll Call, FiscalNote will be positioned to provide
best-in-class solutions in the issues management space," said Tim Hwang,
CEO of FiscalNote. "We are excited to provide our clients with greater
access to enhanced products that will inform their decision making and
maximize their influence on government as they tackle the challenging
issues impacting their business."

"FiscalNote's technology-driven approach to products and services is the
perfect complement to CQ Roll Call's editorial excellence and advocacy
services," said Chris Stibbs, CEO of The Economist Group. "I look
forward to joining FiscalNote's board of directors to support it on the
next phase of its remarkable journey."

CQ Roll Call provides news, analysis and grassroots advocacy resources
for government and political professionals. It is the premier source of
timely, objective news and analysis on government and electoral
politics. CQ Roll Call journalists have won more Dirksen Awards for
"Distinguished Reporting of Congress" than any other organization.

The acquisition is expected to be finalized and completed later this
year pending customary closing conditions.

About FiscalNote

FiscalNote's mission is to connect the world to their governments. It is
the leading technology innovator at the intersection of global business
and government, whose revolutionary Issues Management solutions combine
real-time policy data from Congress, all 50 states and nearly 30
countries with machine learning, advanced analytics, and innovative
workflow tools to help organizations better understand the risks and
opportunities of today's socio-political environment.

With offices in DC, NYC, Baton Rouge, Seoul, India, and Brussels, the
company has raised more than $50 million from prominent early-stage
investors including Mark Cuban, Jerry Yang/AME Cloud Ventures, Steve
Case, Renren, First Round Capital's Dorm Room Fund, Green Visor Capital,
MoneyToday, Visionnaire Ventures, Perle Ventures, NEA, and 645 Ventures.

Organizations — from small startups and non-profits to multinational
corporations — that rely on FiscalNote's suite of products and services
include Toyota, Intel, Johnson & Johnson, the Pharmaceutical Care
Management Association, Microsoft, PhRMA, Salesforce, the Consumer
Technology Association, Anthem BlueCross BlueShield, Schlumberger, and
the National Education Association.

About The Economist Group

The Economist Group is built on high-quality, independent analysis which
runs through all of its businesses. Based in London and serving a global
readership and client base, the group publishes print and digital
products, produces global events, and offers a range of subscription and
other services for clients and readers. Its flagship businesses include The
Economist
newspaper, and research and analysis division The
Economist Intelligence Unit.

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