The BISYS Group, Inc. to Join Nasdaq Financial-100 Index Beginning October 2, 2000

The BISYS Group, Inc. (Nasdaq: BSYS), of Little Falls, New Jersey, will become a component of the Nasdaq Financial-100 Index®, effective at the beginning of trading Monday, October 2, 2000. BISYS will replace The Pioneer Group, Inc., which is being acquired.

With a market capitalization of $2.1 billion, The BISYS Group, Inc., supports financial institutions and corporate clients through its integrated business units. BISYS provides information processing and check imaging solutions to financial institutions; distributes and administers mutual funds; provides retirement plan services to companies; provides insurance distribution solutions; professional certification training and continuing education; and investment industry consulting services.

The Nasdaq Stock Market® lists nearly 5,000 companies, has the largest dollar volume of trades of any financial market, and trades more shares per day than any other U.S. market. Its current market capitalization is more than $6 trillion. Nasdaq is a subsidiary of the National Association of Securities Dealers, Inc. (NASD®), the largest securities-industry, self-regulatory organization in the United States. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.