BISYS(R) Earns Top Honors in Global Custodian Survey; Achieves Highest Scores among Mutual Fund Administration Providers for Second Consecutive Year.

NEW YORK -- BISYS, a leading provider of outsourcing solutions for the financial services sector, announced today that BISYS Fund Services received the highest weighted average score of any provider in Global Custodian magazine's Fourth Annual Mutual Fund Administration survey, which was featured in the 2005 summer issue. For the second year in a row, BISYS was the only provider in the history of the survey to record scores of very good (6.0) or higher in every service category.

Based on client submitted ratings using a scale from 1-7, the survey rated providers on the following categories:

--Fund Accounting and Valuation

--Transfer Agency

--Portfolio Servicing

--Fund Reporting

--Client Service and Relationship Management

--Distribution Support

--Value

--Compliance

"We are very pleased with the results of this year's Global Custodian survey," said President of BISYS Fund Services, Fred Naddaff. "Our employees have always put client satisfaction first, and the survey results are a testament to their outstanding efforts. We strive to provide superior service by being responsive to the needs of our clients and the demands of a dynamic industry. We continuously invest substantial time and resources in our infrastructure and in the expansion of our service offerings. These survey results confirm that our clients value our efforts, and that our approach is working."

According to the Global Custodian survey, BISYS holds a substantial leadership position in the compliance area. In this category, BISYS scored a weighted average of 6.33, compared to a Global Average of 5.79. The time period surveyed coincided with the launching of BISYS' ComplianceEDGE(TM) program. The offering is designed to help fund companies establish a culture of compliance and facilitate adherence with regulator expectations and federal securities laws. The program now has more than 70% of BISYS' full-service client base as subscribers.

About Global Custodian

Founded in 1989, the original focus of the magazine was on securities processing operations: articles that explore how shares trade and settle and are held. Its editorial scope has since expanded to include fund administration, securities lending and financing, prime brokerage and the infrastructure of the global securities industry (CSDs, ICSDs, payments systems and other industry bodies and initiatives). The editorial content of the magazine is now also supported by industry-standard surveys that address how the performance of custodian banks, fund administrators, prime brokers and tri-party securities financing providers compare with each other and within individual markets. The magazine, with a circulation of 20,000 investment professionals around the world, is defined by high-quality editorial and a series of annual surveys that have become benchmarks for the industry.

About BISYS

The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that enable investment firms, insurance companies, and banks 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. BISYS' Information Services group provides industry-leading information processing, imaging, and back-office services to banks, insurance companies and corporate clients. Headquartered in New York, BISYS generates more than $1 billion in annual revenues worldwide. 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 subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting The BISYS Group, Inc.'s operations, markets, services and related products, prices and other factors discussed in The BISYS Group, Inc.'s periodic filings with the Securities and Exchange Commission.