Golden Gate Capital Completes Acquisition of Geac Computer Corporation for US$1 Billion, Cash Price of US$11.10 per Share

Markham, Ontario and Waltham, Massachusetts (ots/PRNewswire) -
Geac Computer Corporation Limited (TSX: GAC and NASDAQ: GEAC) today
announced that the Plan of Arrangement has been completed and all of
the issued and outstanding common shares of the Company have been
acquired pursuant thereto by Golden Gate Capital in an all-cash
transaction valued at US$11.10 per share, or approximately US$1.0
billion.

Geac shareholders representing more than fifty percent of all
shares outstanding, and approximately ninety-eight percent of all
votes cast, voted in favour of the Plan of Arrangement at the
Special Meeting of Shareholders held in January. The Company did not
receive notice from any dissenting shareholders under Section 190 of
the Canada Business Corporations Act. The Plan of Arrangement
received final court approval on January 30th.

Under the transaction, shareholders will receive US$11.10 per Geac
share, a per share value which represents a 27.0% premium over the
trading price in November when the Agreement was reached and a 38.7%
premium to enterprise value.

For shareholders who held their Geac shares through a broker, the
payment of the purchase price will be processed after the broker
deposits the share certificates with Computershare Investor Services
Inc., the Depositary for the Plan of Arrangement, in accordance with
the instructions in the Letter of Transmittal previously sent. For
shareholders who held their Geac shares in registered form, the
payment of the purchase price will be processed after they deposit
their share certificates with the Depositary in accordance with the
instructions in the Letter of Transmittal previously sent. Any
questions regarding payment of the purchase price, including any
request for another form of Letter of Transmittal, should be
directed to the Depositary via telephone at 1-800-564-6253 (toll free
in North America) or 514-982-7555 or via email at
corporateactions@computershare.com.

With the completion of the Plan of Arrangement, Geac's common
shares will cease to be listed for trading on the Toronto Stock
Exchange and NASDAQ.

About Golden Gate Capital

Golden Gate Capital (http://www.goldengatecap.com) is a San
Francisco- based private equity investment firm with approximately
US$2.5 billion of capital under management. Golden Gate Capital is
dedicated to partnering with world-class management teams to invest
in change-intensive, growth businesses. It targets investments in
situations where there is a demonstrable opportunity to
significantly enhance a company's value. The principals of Golden
Gate Capital have a long and successful history of investing with
management partners across a wide rage of industries and transaction
types, including leveraged buyouts, recapitalizations, corporate
divestitures and spin-offs, build-ups and venture stage investing.

About Geac

Geac (TSX: GAC, NASDAQ:GEAC) is a global enterprise software
company that addresses the needs of the Chief Financial Officer.
Geac's best-in- class technology products and services help
organizations do more with less in an increasingly competitive
environment, amidst growing regulatory pressure, and in response to
other business issues confronting the CFO. Further information is
available at http://www.geac.com or through e-mail at info@geac.com.

ots Originaltext: Geac Computer Corporation Limited.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Transaction Contact: Jon Salon, VP, Deputy
General Counsel, Geac, +1-(781)-672-8810, jon.salon@geac.com; Golden
Gate Capital Contact: Joelle Kenealey, Director, Coltrin &
Associates, +1-(415)-305-6065, Joelle_kenealey@coltrin.com