Fair Isaac Announces New Stock Repurchase Program and Declares Quarterly Cash Dividend

Fair Isaac Corporation, the leading provider of analytics and decision technology, today announced that its Board of Directors has approved a common stock repurchase program to acquire up to $250 million of the company's outstanding common stock.

This new program replaces Fair Isaac's previous common stock repurchase program, which authorized the company to acquire up to $200 million of outstanding stock. Under the previous program, Fair Isaac purchased approximately 5.3 million shares of its common stock, at an aggregate cost of approximately $199.7 million.

As of July 31, 2006 Fair Isaac had approximately 62.9 million shares of common stock outstanding. The stock repurchase program, which is open-ended, allows the company to repurchase its shares from time to time in the open market and in negotiated transactions.

Fair Isaac Corporation also announced today that it has declared a two cent per share quarterly dividend, payable on September 22, 2006 to shareholders of record on September 8, 2006. The dividend was declared during a meeting of the company's Board of Directors on August 28, 2006.