Reynolds and Reynolds Announces New Share Repurchase Authorization; Regular Fourth Quarter Dividend

    DAYTON, Ohio--Aug. 7, 2001--The Reynolds and Reynolds Company today announced that its board of directors approved an increase of five million shares to the company's share repurchase authorization.
    The board also declared a regular fourth quarter dividend of 11 cents per share.
    The new share repurchase authorization raises the total authorized for repurchase to approximately 7.1 million shares, or about 10 percent of the company's Class A common shares outstanding. The total includes 2.1 million shares remaining on the company's existing authorization through the third fiscal quarter ended June 30, 2001.
    Through June 30, the company had repurchased approximately 4.1 million shares under its existing share repurchase authorization.
    The regular fourth quarter Class A common stock dividend will be payable September 7, 2001 to shareholders of record as of August 21, 2001.

    Reynolds and Reynolds, headquartered in Dayton, Ohio, is the leading provider of integrated information management solutions to the automotive retailing marketplace. The company's services include a full range of retail and enterprise management systems, networking and support, e-business applications, Web services, learning and consulting services, customer relationship management solutions, document management and leasing services. To find out more about the company, its vision, products and services, visit www.reyrey.com.

    Certain statements in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on current expectations, estimates, forecasts and projections of future company or industry performance based on management's judgment, beliefs, current trends and market conditions. Forward-looking statements made or to be made by or on behalf of the company may be identified by the use of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed, forecasted or implied in the forward-looking statements. See also the discussion of factors that may affect future results contained in the company's Current Report on Form 8-K filed with the SEC on August 11, 2000, which we incorporate herein by reference. The company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.