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Reynolds and Reynolds Expands Share Repurchase Program

23 September 1998

Reynolds and Reynolds Expands Share Repurchase Program; Board Authorizes Increase of 4 Million Shares
    DAYTON, Ohio, Sept. 23 -- The Reynolds and Reynolds Company
announced today that its board of directors has increased the
company's existing share repurchase authorization by 4 million shares.
Combined with the existing authorization of approximately 1.4 million shares,
the company is now authorized to repurchase approximately 5.4 million shares
of its Class A common stock.  Through the third fiscal quarter, the company
had repurchased approximately 1.8 million shares.  For the third quarter ended
June 30, 1998, the average number of common shares and common share
equivalents was 81.4 million.
    Reynolds Chairman, President and CEO David R. Holmes said, "Our strong
cash flow and growth prospects enable us to continue to drive shareholder
value through share repurchases, capital expenditures, acquisitions, and
dividend payments."
    Reynolds and Reynolds, headquartered in Dayton, Ohio, is a leading
provider of integrated information management systems and related value-added
services to automotive and general business markets.  The company has reported
revenues of over $1.5 billion for the 12 months ended June 30, 1998.  For more
information on Reynolds and Reynolds, visit the company's World Wide Web site
on http://www.reyrey.com, or call The Reynolds and Reynolds Information
Hotline at 888-4REYREY.