Press Release

BISYS Announces New $100 Million Stock Buy-Back Program

NEW YORK, NY, November 19, 2003 -- The BISYS Group, Inc., a leading provider of business process outsourcing solutions for the financial services sector, announced that its Board of Directors has authorized a new stock buy-back program of up to $100 million of its outstanding stock. Purchases will occur from time-to-time in the open market to offset the possible dilutive effect of shares to be issued under employee benefit plans, for possible use in future acquisitions, and for other general corporate purposes. This new program supersedes the share purchase program previously authorized by the Board of Directors. Under the former program, BISYS has purchased approximately 3.5 million shares of its common stock at a total purchase price of approximately $50.9 million.

About BISYS

The BISYS Group, Inc. (NYSE: BSG - News), headquartered in New York City, provides business process outsourcing solutions that enable investment firms, insurance companies, and banks to capitalize on convergence by entering new segments of the financial services industry. BISYS currently supports more than 22,000 domestic and international financial institutions and corporate clients through three business units.

Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, services and related products, prices and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission.

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