Convergys Corporation Begins Tender Offer for Wiztec Solutions Ltd.

CINCINNATI--(BUSINESS WIRE)--April 1, 1999--Convergys(SM) Corporation (NYSE:CVG) today began a tender offer for all of the outstanding shares of Wiztec Solutions Ltd., (Nasdaq:WIZTF), not beneficially owned by Convergys, at a price of $18.30 per share net to seller in cash. The offer price represents a 10 percent premium over the closing price of Wiztec on March 25. It also represents a 20 percent premium over the $15.25 per share price negotiated in February with Wiztec's controlling shareholder group and paid on March 2 for 50 percent of the shares. Convergys currently owns approximately 70 percent of Wiztec. The tender offer is being made through Convergys' wholly-owned subsidiary, Convergys Israel Investments Ltd. It is scheduled to expire at midnight, Wednesday, April 28, 1999.

The Information Agent is Georgeson & Company, Inc., and the Depository Bank is IBJ Whitehall Bank & Trust Company. The tender offer documents are available from the Information Agent.

Convergys is the global leader in providing outsourced, integrated, customer care and billing services, and Wiztec is a leading provider of subscriber management systems for multi-channel subscription television.

Since the announcement by Convergys and its subsidiary of its intention to commence the offer, two lawsuits have been filed in the Court of Common Pleas, Hamilton County, Ohio: Carrazza, et al., vs. Wiztec Solutions, Ltd., et al., and Tucker vs. Wiztec Solutions, Ltd., et al. Each of the actions purports to be a class action and alleges that, through the conduct of the defendants, Convergys has proposed to acquire the shares at an unfair and inadequate price. Convergys believes the suits to be without merit and will contest them vigorously.

This news release is not an offer or the solicitation of an offer to buy any securities of Wiztec Solutions Ltd., and no such offer or solicitation will be made except in compliance with applicable securities laws.

ABOUT CONVERGYS

Convergys Corporation is the global leader in providing outsourced, integrated, customer care and billing services, bringing together world-class resources and expertise to help clients transform customer relationships into a competitive advantage.

Convergys software produces more than one million bills each day, and Convergys call centers handle more than one million calls each day.

Convergys serves the top companies in a wide range of industries, including communications, technology, cable and broadband services, consumer products, financial services, utilities, healthcare, hospitality, and direct response. Headquartered in Cincinnati, Ohio, Convergys employs over 33,000 people at its more than 30 call centers, data centers, and other offices in the United States, Canada, and Europe. Convergys is on the Web at www.convergys.com

Convergys is pronounced: kun VER jis

Convergys and the Convergys logo are service marks of Convergys

Corporation.