Reynolds and Reynolds Receives Unanimous Consent From Bank Lenders

DAYTON, OH - March 16, 2006: The Reynolds and Reynolds Company today announced that its bank lenders have unanimously consented to an amendment to its $200 million committed credit facility.

The amendment relates to the company's previously announced delay in filing its annual report on Form 10-K for the fiscal year ended September 30, 2005 and its quarterly report on Form 10-Q for the quarter ended December 31, 2005. It extends waivers of certain reporting requirements to September 30, 2006, replacing previous waivers that would have expired March 31.

As of February 28, borrowings of $50 million were outstanding on the facility. The company's cash balance was approximately $185 million as of the same date. Approximately $104 million will be set aside in trust to service all remaining payments of interest and principal on the public debt. Under the terms of the amendment, certain transactions will be permitted if the company maintains a specified amount of cash and borrowing capacity under existing credit facilities. This requirement remains in effect only until such time as the company becomes current in its SEC filings. The amendment to the company's credit agreement will be filed as an exhibit to a current report on Form 8-K.

"The company continues to generate strong cash flow," said Greg Geswein, senior vice president and chief financial officer. "Our present cash and available borrowing capacity is more than sufficient for the foreseeable future."

As the company previously announced, it expects to hold its 2006 annual meeting of shareholders June 15, 2006, following the finalization of its 2005 audited financial statements.