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Misys plc Preliminary Results for the Year Ended 31 May 2006

Misys plc (“Misys”), the global software company, today 27 July 2006 announces its preliminary results for the year ended 31 May 2006.

Commenting on the results, Kevin Lomax, Chief Executive, Misys, said:
“Our businesses are in transition to higher growth market areas.  We are encouraged by the initial progress we have made but recognise that there is more to do.  We are firmly focussed on increasing growth and value for shareholders.”          
Financial resultsEncouraging Group performance overall
Revenue:  £953m (2005: £855m)
Operating profit: £56m (2005: £72m)
Like for like operating profit1: £86m (2005: £82m)
Cash flow from operations: £107m (2005: £100m)
Earnings per share: Basic 44.0p (2005: 12.4p);
                                      Adjusted2 14.3p (2005: 14.8p)
Full year dividend:  7.18p per share up 5%
Share repurchases: £25m (2005: £53m)
Net debt:  £95m (2005: £219m)
Business highlightsBanking: Increased ILF order intake and revenue
Healthcare: 9% increase in like-for-like operating profit
Sesame: Strong recovery in operating profit on a like-for-like basis
Strategic investment in product development as well as bolt-on acquisitions
1     Excludes exceptional items, gains and losses on embedded derivatives, amortisation of acquired intangibles, profit on disposal of WebMD common stock, the impact of acquisitions and disposals and is stated at constant exchange rates.
2     Excludes exceptional items, gains and losses on embedded derivatives, amortisation of acquired intangibles and exchange gains and losses on debt previously hedging goodwill written off to reserves.

A conference call for analysts and investors, chaired by Sir Dominic Cadbury, will be held at 9.15am today.  We will be unable to discuss or answer any questions relating to the recent announcements regarding the possibility of a bid being made for the whole or parts of Misys. To access this call please dial +44 (0) 1452 542300; Passcode 3467637.  The call will be available for replay from later today until 4 August 2006 on +44 (0) 1452 550000; Passcode 3467637#.  In addition, an audio cast of the call will be available on the Company’s website for replay on demand as well as supporting slides at www.misys.com.
Misys is currently in an offer period; therefore we are unable to receive calls and answer questions from individual analysts. We will hold a further conference call to deal with detailed finance-related questions at 1.00pm today.   The call will be chaired by Sir Dominic Cadbury; Howard Evans will be available to answer questions.  To access this call please dial +44 (0) 1452 542300; Passcode 3612643.  The call will be available for replay from later today until 4 August 2006 on +44 (0) 1452 550000; Passcode 3612643#.  An audio cast of the call will be available on the Company’s website for replay on demand at www.misys.com

ANALYST/INVESTOR ENQUIRIES
Alex Dee
Tel: +44 (0) 20 7368 2336
Mob: +44 (0) 7989 017 979
MEDIA ENQUIRIES
Susan Cottam         
Josh Rosenstock
Tel: +44 (0) 20 7368 2305
Tel: +44 (0) 20 7368 2327
Mob: +44 (0) 7957 807 721
Mob: +44 (0) 7921 910 914

About Misys plc
Misys plc (FTSE: MSY.L), the global software company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers’ markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 97 of the world’s top 100 banks. In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com