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Announcement From The Independent Committee Of The Board

On 14 June 2006, the Independent Committee of the Board of Misys plc (“Misys” or the “Company”) announced that it had authorised certain members of the senior management team, on a non-exclusive basis, to explore the possibility of making an offer for Misys. 

Following that announcement, certain other parties expressed an interest in the Company. The Independent Committee required all interested parties to submit indicative offers by 12 July 2006. The Independent Committee has received a number of indicative offers for the whole of the Company as well as for parts of the Company, from a number of parties.
The Independent Committee, led by Sir Dominic Cadbury, has evaluated these offers with its advisers and has concluded that it is in the best interests of shareholders to allow certain parties access to specific non-public information in order to carry out due diligence.
The Independent Committee’s primary objectives remain the maximisation of value for all shareholders and the minimisation of disruption to the business and employees.  The Independent Committee believes there is significant value within Misys and is confident in the growth prospects of the Company. There can be no certainty that an offer for the Company will be forthcoming on terms that the Independent Committee would be prepared to recommend to shareholders.
A further announcement will be made as appropriate.

JPMorgan Cazenove, which is authorised by the Financial Services Authority, is acting exclusively for Misys and no one else and will not be responsible to anyone other than Misys for providing the protections offered to clients of JPMorgan Cazenove or for providing advice in relation to matters referred to herein.

ANALYST/INVESTOR ENQUIRIES
Alex DeeTel: +44 (0) 20 7368 2336
Mob: +44 (0) 7989 017 979
Email: alex.dee@misys.co.uk
MEDIA ENQUIRIES                                                         
Susan Cottam
Josh Rosenstock
Tel: +44 (0) 20 7368 2305
Tel: +44 (0) 20 7368 2327
Mob: +44 (0) 7957 807 721
Mob: +44 (0) 7921 910 914

About Misys plcMisys plc (FTSE: MSY.L), the global software company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers’ markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 49 of the world’s top 50 banks. In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com


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