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Geac Comments on Crescendo's Change of Director Nominee.


MARKHAM, Ontario & SOUTHBOROUGH, Mass. -- Geac Computer Corporation Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
: GAC GAC Great American Country
GAC Global Assembly Cache (Microsoft .NET)
GAC Global Assembly Cache
GAC Granular Activated Carbon
GAC Gustavus Adolphus College (St.
 and NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: GEAC) today provided information that corrects the misstatements that the general partner of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 activist hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long"  Crescendo Partners put forth in its press release issued today and in its proxy circular filed August 19, 2005 in which it nominated two dissident directors to Geac's Board, Mr. Eric Rosenfeld and Mr. Gerry Smith, to replace two of Geac's eight existing directors, Mr. Michael D. Marvin and Mr. Robert L. Sillcox. The Crescendo Partners press release issued earlier today states that Mr. Smith will not run as a dissident director nominee "Due to a conflict of which he was not previously aware..." and its circular of August 19, 2005, states that Mr. Smith has served as a Venture Partner of Updata Capital, a technology focused private equity firm, since February 2005. Mr. John F. Burton, Managing General Partner of Updata, has informed the Geac Board that Mr. Smith has never had a formal relationship with Updata Capital, Updata Partners or any of its affiliates.

On Monday, August 22, 2005, Geac's Board of Directors announced that it unanimously opposes the election of two dissident director nominees proposed by Crescendo Investments II, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, the general partner of Crescendo Partners, because it believes their election would not be in the best interest of other Geac shareholders.

C. Kent Jespersen, Non-Executive Chairman of Geac, said on behalf of the Board, "The misrepresentation misrepresentation

In law, any false or misleading expression of fact, usually with the intent to deceive or defraud. It most commonly occurs in insurance and real-estate contracts. False advertising may also constitute misrepresentation.
 that Crescendo and Eric Rosenfeld have made regarding Mr. Smith's affiliation with Updata is undeniable proof of the need for corporate governance Corporate Governance

The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law.
 and nominating committee processes for evaluating potential director nominees. Furthermore, Crescendo's attempt to gloss it over by declaring that Mr. Smith had a conflict of which he was not previously aware provides further evidence of Mr. Rosenfeld's irresponsible approach. Our shareholders have the absolute right to be represented by the best available directors, and it is our duty to meet and thoroughly evaluate all director candidates. We thank Updata for bringing this inaccuracy to our attention."

John F. Burton, Managing General Partner of Updata, said, "Geac shareholders should understand that Mr. Gerry Smith is not involved in an official capacity with the Updata firm and neither Updata Capital, Updata Partners nor any of its affiliates supports, or is part of any effort to interfere or become involved in the Board of Directors matters of Geac."

Continued Burton, "I have been involved with Geac Board member and current company director nominee Mike Marvin as a fellow Board member for over five years at MapInfo, a public NASDAQ firm, and in an advisory capacity to Vicarious Vision, at which Mike served on the Board. In both associations I found Mike to be an excellent Board member, fully proficient in all financial, governance and operating matters. Additionally, I found Mike to be astutely aware of properly building shareholder value"

Geac urges shareholders to reelect re·e·lect also re-e·lect  
tr.v. re·e·lect·ed, re·e·lect·ing, re·e·lects
To elect again.



re
 the Company's eight Board nominees by completing and returning the white proxy card. For assistance in voting, shareholders can call Geac's proxy solicitors, Georgeson Shareholder Communications, toll-free at 1-866-765-7561.

Further details are provided in Geac's 2005 management proxy circular sent to shareholders, which is also available in the Investor's section of the company's website.

About Geac

Geac is a leading global provider of software and services for businesses and governmental bodies providing customers with financial and operational technology solutions to optimize their financial value chain. Further information is available at http://www.geac.com or through email at info@geac.com.

Geac trades on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 under the symbol "GAC" and on the NASDAQ National Market under the symbol "GEAC".
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Publication:Business Wire
Geographic Code:1CANA
Date:Aug 23, 2005
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