WEX Extends Its Existing Fuel-Price Risk Management Program

South Portland, ME - 26 February 2014

WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced that it has extended its existing fuel-price risk management program through the third quarter of 2015.

On February 20, 2014, the Company purchased instruments to cover a portion of its anticipated domestic fuel-price-related earnings exposure for the first, second and third quarters of 2015. At this time, WEX has hedged approximately 60% of its first quarter 2015 exposure, 40% of its second quarter and 20% of its third quarter 2015 exposure. Going forward, the Company intends to hedge approximately 60% of its domestic fuel-price-related earnings exposure in every quarter on a rolling basis.

The instruments are designed to enhance the visibility and predictability of the Company's future earnings. The program uses instruments that create a "costless collar" based upon both the U.S. Department of Energy's weekly diesel fuel price index and NYMEX unleaded gasoline contracts. The February purchase locked in a fuel price range of approximately $3.39 to $3.45 per gallon. The following table states the approximate range of the collar and percentage of fuel-price-related earnings exposure:

     Q1  Q2  Q3  Q4  Q1  Q2  Q3
     2014  2014  2014  2014  2015  2015  2015
Average low end of range    $3.38  $3.36  $3.37  $3.34  $3.34  $3.36  $3.39
Average top end of range    $3.44  $3.42  $3.43  $3.40  $3.40  $3.42  $3.45
Approximate % locked in    60%  60%  60%  60%  60%  40%  20%         

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