PR - TSYS Announces Update on Spin-Off from Synovus

Columbus, Ga.-based TSYS (NYSE:TSS), one of the world’s largest providers of outsourced payment services, today announced that TSYS shareholders as of the close of business on Dec. 17, 2007 will receive $3.0309 per share, which represents the pro rata portion of the previously announced one-time special cash dividend of $600 million to be paid in connection with the spin-off to Synovus’ shareholders of the shares of TSYS stock currently owned by Synovus. This per share amount is based on the number of TSYS shares outstanding as of the close of business on Dec. 17, 2007. The dividend will be paid on Dec. 31, 2007.

As previously announced, TSYS has been advised that, in connection with the spin-off, a “when-issued” public market for TSYS common stock on the New York Stock Exchange (NYSE) is expected to begin on or around Dec. 19, 2007, and continue through the distribution date under the symbol “TSS wi.” The “when-issued” public market will be a market for shares of TSYS common stock that will be distributed to Synovus shareholders on the distribution date. In addition, TSYS expects to be quoted "ex-dividend" on the NYSE beginning on or around Dec. 19, 2007. ]

Any holder of TSYS common stock who sells shares of TSYS (which currently trades on the NYSE under the symbol “TSS”) in the “regular way” market before the date "ex-dividend" trading begins will be selling the entitlement to receive the special cash dividend and regular quarterly cash dividend. Holders of TSYS common stock are encouraged to consult with their financial advisors regarding the specific implications of selling TSYS common stock before the date "ex-dividend" trading begins.