Fair Isaac Names Cecere to Board of Directors.

Business Editors/High-Tech Writers

SAN RAFAEL, Calif.--(BUSINESS WIRE)--April 7, 2004

Fair Isaac Corporation (NYSE:FIC) today announced the addition of Andrew Cecere to the company's Board of Directors. Cecere is the vice chairman of Private Client, Trust and Asset Management at U.S. Bancorp (NYSE:USB). Cecere's appointment expands Fair Isaac's Board to nine members.

Prior to U.S. Bancorp's 2001 merger with Firstar Corporation, Cecere served as chief financial officer with the former U.S. Bancorp, where beginning in 1985 he played a series of leadership roles, managing financial processes across many business areas, including tenures as vice chairman of U.S. Bank overseeing commercial services and vice president of finance. In addition, he has contributed to more than 20 bank acquisitions by U.S. Bancorp since 1990.

"Andy brings a valuable mix of relevant experience and fresh perspectives to Fair Isaac's Board at a time when we are aggressively focusing on growth both within our core financial services businesses and in other key industries," said Tom Grudnowski, CEO of Fair Isaac. "We believe the strong strategic guidance he has demonstrated during his career will serve us well as we continue to build our brand presence and technology leadership on a global level."

"I'm honored to be joining Fair Isaac's Board," said Cecere. "As the company continues to grow and innovate, I am optimistic that my experiences in the financial services industry will help the leadership team maintain the momentum they've established."

Cecere earned an MBA in finance from the University of Minnesota and a bachelor's degree in business administration and finance from St. Thomas University. He serves on the board of overseers for the Carlson School of Management at the University of Minnesota, and serves as a director for the Greater Twin Cities United Way and Delta Dental of Minnesota.

About Fair Isaac

Fair Isaac Corporation (NYSE:FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company's predictive modeling, decision analysis, intelligence management, decision management systems and consulting services power billions of mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations and government agencies. Through the www.myFICO.com Web site, consumers use the company's FICO(R) scores, the standard measure of credit risk, to manage their financial health. For more information, visit www.fairisaac.com.

Fair Isaac Statement Concerning Forward-Looking Information

Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac 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 risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2003, and quarterly report on Form 10-Q for the period ended December 31, 2003. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.

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