MARKHAM, ON and WALTHAM, MA, March 14 /PRNewswire-FirstCall/ -- 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 . 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 $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 . DATASOURCE: Geac Computer Corporation Limited CONTACT: Transaction Contact: Jon Salon, VP, Deputy General Counsel, Geac, (781) 672-8810, ; Golden Gate Capital Contact: Joelle Kenealey, Director, Coltrin & Associates, (415) 305-6065,

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