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STERLING SOFTWARE ANNOUNCES DEBENTURE CONVERSION

 DALLAS, Feb. 18 /PRNewswire/ -- Sterling Software, Inc. (NYSE: SSW) announced today that holders of $13,739,000 principal amount of its 8 percent convertible senior subordinated debentures due 2001 ("8 percent debentures") elected to convert their 8 percent debentures to common stock. The company issued 636,054 shares of common stock to these holders upon conversion. The right to convert terminated at 5:00 p.m., Fort Worth, Texas time, on Wednesday, Feb. 17, 1993.
 The remaining $38,894,000 principal amount of 8 percent debentures will be redeemed at a price equal to 103.2 percent of the principal amount on Thursday, March 4, 1993, the previously announced redemption date. Interest on the debentures will be paid up to, but not including, the redemption date, and will cease to accrue on the redemption date.
 Sterling Software, headquartered in Dallas, specializes in EDI and systems software products and services, and technical professional services to the federal government.
 -0- 2/18/93
 /CONTACT: Anne Vahala, director-investor relations of Sterling Software, Inc., 214-891-8600.
 (SSW)


CO: Sterling Software, Inc. ST: Texas IN: CPR SU:

LD -- NY089 -- 8119 02/18/93 17:03 EST
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Publication:PR Newswire
Date:Feb 18, 1993
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