BSG Bisys Grp.

BISYS Alternative Investment Services, a leading global provider of administrative, accounting and tax services for the hedge fund and private equity industry today announced that it received the Best Single / Multi-Strategy Hedge Fund Administrator award at the Hedge Fund Journal awards dinner in London. This ceremony, which was held at the Natural History Museum, celebrated the leading service providers in the European hedge fund industry. This prestigious honor was based on BISYS� commitment to clients, business growth, investment in technology, strategic partnerships and strong client feedback. BISYS� strategic partners � Linedata Services� Beauchamp and RiskMetrics Group, also won awards for Best Hedge Fund Technology Supplier and Best Risk Management Software Supplier, respectively. �We are delighted about winning this award, which is a tribute to the commitment of our dedicated service teams,� said Ronan Daly, president of BISYS Hedge Fund Services, who accepted the award on behalf of BISYS. �Being recognized with this accolade underlines our ongoing commitment to our clients and the industry. We continually focus on providing highly scaleable outsourcing solutions to the hedge fund industry, and winning this award reinforces our efforts.� Bill Neville, president of BISYS Alternative Investment Services, added, �BISYS works hard to deliver quality service and innovative solutions to its clients. We are extremely pleased to have won this award as we continue to set the standard for excellence in hedge fund administration.� About BISYS Alternative Investment Services BISYS Alternative Investment Services is a leading global provider of administrative, accounting, advisory, and tax services for the alternative investment industry with over $275 billion in assets under administration. BISYS provides innovative and tailored solutions to approximately 500 clients and over 1,500 funds, including hedge funds, private equity funds, fund-of-funds, and other alternative investment products. BISYS Alternative Investment Services is a division of The BISYS Group, Inc. About BISYS The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that enable investment firms and insurance companies to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans, separately managed accounts, and other investment products. Through its Insurance Services group, BISYS is the nation�s largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care, disability, and annuity products. Additional information is available at www.bisys.com. Except for the historical information contained herein, the matters discussed in the press release 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 based on management's current reasonable expectations and are subject to certain assumptions, risks, uncertainties and changes in circumstances due to future events as well as changes in economic, competitive, regulatory and/or technological factors affecting BISYS' business, including, without limitation, the impact of the Company's evaluation of strategic alternatives and the outcome of pending and future government investigations and litigations involving the Company. More detailed information about risk factors that could cause actual results to differ materially are noted in BISYS' periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended June 30, 2006. These documents can be accessed on BISYS' website at www.bisys.com under the "Investor Relations" tab. Forward-looking statements are only predictions, not guarantees of performance, and speak only as of the date they are made. BISYS disclaims any obligation to update or amend these statements in light of new information, future events or otherwise.