GENEVA and PARIS, August 1 /PRNewswire/ --

SunGard and GL TRADE today announced SunGard's intention to acquire a
majority stake in GL TRADE, a global financial software solutions company
serving more than 1,600 customers.

SunGard has made a binding offer and entered into final discussions with
GL TRADE's main shareholders Euronext Paris S.A., Gagnieres, and Messrs.
Pierre Gatignol, Louis-Christophe Laurent and Frederic Morin (together the
"Main Shareholders") to acquire a block of shares representing, directly and
indirectly, 64.51% of GL TRADE's share capital at a price of euro 41.70 per
GL TRADE share. The price offered implies an equity value of euro 400.7
million for 100% of GL TRADE's share capital (excluding the effect of stock
options), and represents premiums of 53% and 24% to GL TRADE's closing stock
price on May 5, 2008 (last closing prior to rumors of a potential
transaction, adjusted for the euro 1.30 dividend distribution on July 1,
2008) and July 31, 2008, respectively.

SunGard's offer is structured as the acquisition of (i) 100% of
Financiere Montmartre S.A., a holding company 100%-owned by the Main
Shareholders which holds 5,299,998 shares of GL TRADE, and (ii) 900,032
shares of GL TRADE directly held by the Main Shareholders.

GL TRADE will launch the information and consultation process of GL
TRADE's workers' committee in relation to SunGard's proposal pursuant to
Article L. 2323-19 of the French Labor code. The Main Shareholders, should
they accept SunGard's offer, would execute the transaction documentation
after completion of that process. The transaction would also be subject to
clearance by the relevant competition authorities. Closing is expected during
the fourth quarter of the year.

In accordance with the AMF General Regulation ("reglement general de
l'AMF") and immediately following completion of the transaction, SunGard
intends to launch an all-cash tender offer under the simplified procedure
("offre publique d'achat, procedure simplifiee") for the remainder of GL
TRADE's share capital at the same price of euro 41.70 per GL TRADE share.
SunGard has arranged financing for the transaction.

SunGard and the Main Shareholders believe that the transaction would
contribute to SunGard and GL TRADE's global growth strategies and would
benefit customers of both companies. The product fit is complementary, and GL
TRADE's strengths particularly in trading solutions and market connectivity
products in Europe and Asia would complement SunGard's positions in North
America in this space.

Pierre Gatignol, executive chairman of GL TRADE, commented: "NYSE
Euronext has supported our strategy and been a fair partner for the last
fifteen years. With the current consolidation of the exchange industry, GL
TRADE would be better positioned to pursue its strategic objectives and serve
its customers as part of SunGard, particularly given SunGard's footprint in
North America. This proposed project and the fair value of our work would
reward 20 years of dedication to our clients."

Harold Finders, division chief executive officer of SunGard's Financial
Systems business, said: "GL TRADE has great products and connectivity, a
highly complementary geographic reach and an excellent international
management team. GL TRADE plays a vital role in the trading and
administration of securities globally, and the credit for that belongs to its
employees. We look forward to working together."

Lehman Brothers is acting as financial advisor to SunGard in this
transaction along with Goldman Sachs, and Morgan Stanley is acting as
financial advisor to the Main Shareholders.

About GL TRADE

GL TRADE delivers trading solutions that ensure its clients' success. GL
TRADE is a global financial software solutions company, operating in over 50
countries and serving 1,600 clients. GL TRADE is a leading provider of
multi-asset front to back solutions, connectivity and information services.
Headquartered in Paris and London, GL TRADE employs more than 1,400 people.
GL TRADE is listed on Euronext Paris (ISIN FR 0000072084). Visit GL TRADE at
www.gltrade.com.

About SunGard

With annual revenue of US$5 billion, SunGard is a global leader in
software and processing solutions for financial services, higher education
and the public sector. SunGard also helps information-dependent enterprises
of all types to ensure the continuity of their business. SunGard serves more
than 25,000 customers in more than 50 countries, including the world's 50
largest financial services companies. Visit SunGard at www.sungard.com.

Trademark Information: SunGard and the SunGard logo are trademarks or
registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the
U.S. and other countries. All other trade names are trademarks or registered
trademarks of their respective holders.

SunGard's "Safe Harbor" Statement under Private Securities
Litigation Reform Act of 1995:

Statements in this release other than historical facts constitute
forward-looking statements. You can identify forward-looking statements
because they contain words such as "believes," "expects," "may," "will,"
"would," "should," "seeks," "approximately," "intends," "plans," "estimates,"
or "anticipates" or similar expressions which concern our strategy, plans or
intentions. All statements we make relating to estimated and projected
earnings, margins, costs, expenditures, cash flows, growth rates and
financial results are forward-looking statements. All of these
forward-looking statements are subject to risks and uncertainties that may
change at any time, and, therefore, our actual results may differ materially
from those we expected. We may not be able to complete the proposed
transaction on the terms summarized above or other acceptable terms, or at
all, due to a number of factors, including the failure to obtain regulatory
approvals. The factors that may affect our business or future financial
results are discussed in our filings with the Securities and Exchange
Commission, copies of which may be obtained from us without charge. We assume
no obligation to update any written or oral forward-looking statement made by
us or on our behalf as a result of new information, future events or other
factors.

For more information, contact:

    SunGard

    France:
    Gregoire Lucas
    Image 7
    +33-1-53-70-74-94
    glucas@image7.fr

    UK:
    Paul French
    Fishburn Hedges
    +44-20-7839-4321
    paul.french@fishburn-hedges.co.uk

    US:
    Carol Edwards
    Ruder Finn
    +1-212-593-5858
    edwardsc@ruderfinn.com

    Asia:
    Sonya Madeira-Stamp East West
    +65-6222-0306
    sonya@eastwestpr.com

    GL TRADE

    Tatiana Liber
    GL TRADE Investor Relations
    +44-20-7665-6236
    comfi@gltrade.com

    Web site: http://www.sungard.com
              http://www.gltrade.com