BISYS(R) Announces Business Update Conference Call for First Nine Months of Fiscal 2006.

ROSELAND, N.J. -- BISYS, a leading provider of outsourcing solutions for the financial services sector, today announced that it will host a business update conference call to discuss the first nine months of fiscal 2006. A live Webcast of the conference call will be available over the Internet. The live Webcast can be accessed via the Investor Relations tab on the company's Web site at www.bisys.com.

Management's prepared remarks will also be available on BISYS' Web site prior to the Webcast.

The Webcast of the conference call, to be hosted by Russell Fradin, president and CEO, and Bruce Dalziel, executive vice president and CFO, will begin at 8:30 a.m. EST on Monday, May 22, 2006.

Those wishing to listen to the discussion on BISYS' Web site are asked to log on five minutes prior to the scheduled conference call start-time. An archive of the presentation will be available on the company's Web site beginning at approximately 1:00 p.m. EST on Monday, May 22, 2006.

About BISYS

The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that enable investment firms and insurance companies to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans and other investment products. Through its Insurance Services group, BISYS is the nation's largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care, disability, and annuity products. Additional information is available at www.bisys.com.

Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current reasonable expectations and are subject to certain assumptions, risks, uncertainties and changes in circumstances due to future events as well as changes in economic, competitive, regulatory and/or technological factors affecting BISYS' business, including, without limitation, the ongoing government investigations and litigations involving the company. More detailed information about risk factors that could cause actual results to differ materially are noted in BISYS' periodic filings with the Securities and Exchange Commission. These documents can be accessed on BISYS' Web site at www.bisys.com under the "Investor Relations" tab. Forward-looking statements are only predictions, not guarantees of performance, and speak only as of the date they are made. BISYS disclaims any obligation to update or amend these statements in light of new information, future events or otherwise.