SunGard Asia Pacific Offer for Shares of System Access Limited Closed.

WAYNE, Pa. -- SunGard (http://www.sungard.com), a global leader in integrated software and processing solutions and the pioneer and leading provider of information availability services, reported today that Morgan Stanley Dean Witter Asia (Singapore) Pte, for and on behalf of SunGard Asia Pacific Inc., a wholly owned subsidiary of SunGard Data Systems Inc., released the following announcement in Singapore earlier today announcing that the previously announced voluntary conditional cash offer by SunGard Asia Pacific Inc. for shares in the capital of System Access Limited, a Singapore corporation, closed on October 16, 2006.

About SunGard

With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.

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                        SUNGARD
            VOLUNTARY CONDITIONAL CASH OFFER
                          by
                   Morgan Stanley
     MORGAN STANLEY DEAN WITTER ASIA (SINGAPORE) PTE
              (Incorporated in Singapore)
             (Registration No. 199206298Z)
                 for and on behalf of
               SUNGARD ASIA PACIFIC INC.
       (Incorporated in the State of Delaware, USA)
    a wholly owned subsidiary of SUNGARD DATA SYSTEMS INC.
  to acquire all the issued ordinary shares in the capital of
                 SYSTEM ACCESS LIMITED
              (Incorporated in Singapore)
             (Registration No. 198304837E)

1. Introduction

Morgan Stanley Dean Witter Asia (Singapore) Pte (Morgan Stanley) refers to the offer document dated 14 August 2006 (Offer Document) in connection with the voluntary conditional cash offer (Offer) made by Morgan Stanley for and on behalf of SunGard Asia Pacific Inc. (Offeror) for all the issued ordinary shares (Shares) in the capital of System Access Limited (Offeree) which was despatched to shareholders and optionholders.

All capitalised terms used and not defined herein shall have the meanings ascribed to them in the Offer Document.

2. Close of Offer

Morgan Stanley wishes to announce for and on behalf of the Offeror that the Offer has closed as of 3.30 p.m. on 16 October 2006.

Accordingly, the Offer is no longer open for acceptance and any acceptances received thereafter will be rejected.

3. Level of Acceptances

As at 3.30 p.m. on 16 October 2006, the Offeror has received, pursuant to the Offer, valid acceptances in respect of 319,161,852 Shares, representing approximately 99.8% of the issued share capital of the Offeree as at 16 October 2006.

This includes acceptances by:

(i) Loh Boon Fah pursuant to his irrevocable undertaking in respect of 103,552,168 Shares; and

(ii) Infocomm Investments Pte Ltd pursuant to its irrevocable undertaking in respect of 16,972,880 Shares.

Prior to the commencement of the Offer on 24 July 2006, the Offeror and parties acting in concert with it did not hold any Shares. Between 24 July 2006 and 3.30 p.m. on 16 October 2006, none of the Offeror and parties acting in concert with it has acquired or agreed to acquire any Shares other than pursuant to valid acceptances of the Offer.

Accordingly, as at 3.30 p.m. on 16 October 2006, the total number of (a) Shares owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it and (b) valid acceptances of the Offer, amount to an aggregate of 319,161,852 Shares, representing approximately 99.8% of the issued share capital of the Offeree as at 16 October 2006.

As at 3.30 p.m. on 16 October 2006, the Options Proposal has been accepted by Optionholders in respect of all outstanding Options.

4. Suspension of Trading

The trading of the Shares on the SGX-ST has been suspended since 3 October 2006.

The Offeror has no intention to undertake any placement of Shares in order for the trading suspension to be lifted.

5. Compulsory Acquisition and Delisting

As the Offeror has received acceptances representing 90% or more of the Shares not at the date of the Offer held by the Offeror, its related corporation or their respective nominees, the Offeror will be entitled and intends to exercise its right of compulsory acquisition, pursuant to section 215(1) of the Companies Act, Chapter 50 of Singapore, in relation to Shares in respect of which acceptances have not been received by 3.30 p.m. on 16 October 2006, on the same terms as those under the Offer.

Subsequent to such compulsory acquisition, the Offeree will become a wholly-owned subsidiary of the Offeror and will be delisted from the SGX-ST.

6. Responsibility Statement

The directors of the Offeror and the directors of SunGard Data Systems Inc. (including those who may have delegated detailed supervision of this announcement) have taken all reasonable care to ensure that the facts stated in this announcement are fair and accurate and that no material facts have been omitted, and they jointly and severally accept responsibility accordingly.

To the extent that the Offer is being made in the United States, it is made directly by the Offeror. References in this announcement to the Offer being made by Morgan Stanley on behalf of the Offeror should be construed accordingly.

US shareholders of the Offeree should note that this Offer is made for the securities of a non-US company. The Offer is subject to the disclosure requirements of Singapore law, which are different from those of the United States.

Issued by Morgan Stanley Dean Witter Asia (Singapore) Pte

for and on behalf of

SunGard Asia Pacific Inc.

16 October 2006