Reynolds and Reynolds Declares Fourth Quarter Dividend

DAYTON, Ohio, Aug. 10, 2004 -- The Reynolds and Reynolds Company's board of directors today declared a regular fourth quarter Class A common stock dividend of 11 cents per share, payable September 9, 2004 to shareholders of record on August 19, 2004.

"We continue to use our cash flow to return value to our shareholders," Phil Odeen, chairman and acting CEO, said. "In addition to the regular quarterly dividend, the company has the authorization to repurchase about 3.4 million shares of common stock."

About Reynolds

Reynolds and Reynolds ( http://www.reyrey.com/ ) is the leading provider of integrated solutions that help automotive retailers manage change and improve their profitability. Serving the automotive retailing industry since 1927, Reynolds enables OEMs and retailers to work together to build the lifetime value of their customers. The company's award-winning product, service and training solutions include a full range of retail and enterprise management systems, Web and Customer Relationship Management solutions, learning and consulting services, documents, data management and integration, networking and support and leasing services. Reynolds serves more than 20,000 customers. They comprise nearly 90 percent of the automotive retailers and virtually all OEMs doing business in North America. The Reynolds International Division serves automotive retailers and OEMs through Incadea GmbH and its partner network as well as a worldwide consulting practice.