BISYS(R) Announces Conference Call to Discuss Recent Press Release.

ROSELAND, N.J. -- BISYS, a leading provider of outsourcing solutions for the financial services sector, today announced that it will host a conference call on Tuesday, August 15, 2006 to discuss the press release sent on Thursday, August 10, 2006 that named Chairman Robert Casale the Interim CEO, of BISYS. A live Webcast of the conference call will be available via the Investor Relations tab on the company's Web site at www.bisys.com. E[acute accent]The Webcast of the conference call to be hosted by Chairman Robert Casale, Interim CEO, Russell Fradin, president and CEO and Bruce Dalziel, chief financial office, will begin at 8:00 a.m. EST on Tuesday, August 15, 2006. E[acute accent]Those wishing to listen to the discussion on BISYS' Web site are encouraged 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 12:00 p.m. EST on Tuesday, August 15, 2006.

E[acute accent]About BISYS

E[acute accent]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, separately managed accounts, 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.

E[acute accent]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' website 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.