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Reynolds and Reynolds Board Approves Dividend Increase

18 November 1998

Reynolds and Reynolds Board Approves Dividend Increase

    DAYTON, Ohio, Nov. 17 -- The Reynolds and Reynolds Company
board of directors today increased the company's quarterly
dividend 11 percent on its Class A common shares to 10 cents per share from 9
cents per share, payable January 12, 1999 to shareholders of record as of
December 18, 1998.
    This marks the thirteenth increase in the company's dividend in the last
nine years.  The company last announced a dividend increase in November 1997
when the dividend rose 12.5 percent.
    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 reported
revenues of about $1.5 billion for the 12 months ended September 30, 1998.
For more information on Reynolds and Reynolds, visit this company's World Wide
Web site at http://www.reyrey.com, or call The Reynolds and Reynolds
Information Hotline at 888-4REYREY.