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Response to Update by Geo 3 & Co. S.C.A., Indirectly Owned by TPG Partners VI-AIV, L.P. ("TPG"), on Its Offer for GlobeOp Financial Services S.A. ("GlobeOp" or the "Company")
Apr 23, 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

WINDSOR, Conn., April 23, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. ("SS&C") notes the announcement by TPG on 20 April 2012 regarding its intention not to make a revised offer for GlobeOp.

On 14 March 2012 SS&C announced a recommended cash offer (the "Offer") for the entire issued and to be issued share capital of GlobeOp. Under the terms of the Offer, (set out in full in the document posted to GlobeOp shareholders on 26 March 2012) GlobeOp shareholders will receive 485 pence in cash for each GlobeOp share.

The Independent Directors of GlobeOp have unanimously recommended that GlobeOp shareholders accept the Offer.

SS&C urges GlobeOp shareholders to accept the Offer as soon as practicable and, in any event, by no later than 5.00 p.m. (London time) on 23 April 2012 (being the First Closing Date).

"Following TPG's announcement we continue to encourage GlobeOp shareholders to accept SS&C's offer. We see the combination of SS&C and GlobeOp as a compelling business," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "The combined SS&C and GlobeOp business, we believe, will delight our customers with an expanded product and service suite, offer exciting opportunities to our employees and create value for our shareholders."

Enquiries:

Deutsche Bank (financial adviser and corporate broker to SS&C): +44 (0) 20 7545 8000
Omar Faruqui  
James Ibbotson  
James Agnew (Corporate Broking)  
   
RLM Finsbury  + 44 (0) 20 7251 3801 (switchbd.)
Faeth Birch + 44 (0) 7768 943 171
Sarah Heald + 44 (0) 7771 982 101

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United Kingdom,Luxembourg and United States may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin — Federal Financial Supervisory Authority) and authorised and subject to limited regulation by the Financial Services Authority. Details about the extent of Deutsche Bank AG's authorisation and regulation by the Financial Services Authority are available on request. Deutsche Bank AG is acting as financial adviser to SS&C and Bidco and no one else in connection with the contents of this announcement and will not be responsible to any person other than SS&C and Bidco for providing the protections afforded to clients of Deutsche Bank AG, nor for providing advice in relation to any matters referred to in this announcement.

Disclosure requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Publication on Website

This announcement will be available on SS&C's website at www.ssctech.com and on GlobeOp's website at www.globeop.com by no later than 12 noon on 23 April 2012.

CONTACT: E-mail: InvestorRelations@sscinc.com

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Patrick Pedonti 
Chief Financial Officer, SS&C Technologies 
Tel: 1-860-298-4738 
E-mail: InvestorRelations@sscinc.com

Justine Stone Investor, Relations, SS&C Technologies
Tel: 1- 212-367-4705
E-mail: InvestorRelations@sscinc.com

Media Contacts 
Sean Welch 
PAN Communications
Tel: (407) 734-7330
E-mail: ssc@pancomm.com