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Advent Software Announces Further Extension of Stock Repurchase Program

SAN FRANCISCO, Feb. 22 /PRNewswire-FirstCall/ -- Advent Software, Inc. (NASDAQ:ADVS) announced today that its board of directors has approved an extension of its stock repurchase program to cover the repurchase of an additional 1,800,000 shares of common stock. Advent's board initially approved a stock repurchase program in May 2004 for up to 1,200,000 shares of Advent common stock. In September 2004, a further 800,000 shares were added to the program by Advent's board. As of today, February 22, 2005, Advent has approximately 32.0 million shares outstanding.
The number of shares to be repurchased and the timing of purchases will be based on several factors, including the price of Advent Software's stock, general market conditions, and alternative investment opportunities. The purchases will be funded from available working capital.

Stock Option Trading "We believe that Advent's long-term value is not reflected in the price at which its common stock is currently trading," said Stephanie DiMarco, Advent's chief executive officer. "Our decision to buy back shares reflects our confidence in our business, and we believe the program will benefit our stockholders by contributing to Advent's return on equity."

one stock split in October 2005, the company has repurchased 67.1 million shares under the share repurchase program at an average price of $10.87 per share.

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The company has authorization to purchase up to an additional 5.1 million shares under the share repurchase program. Repurchases will continue to be made in the open market and through privately negotiated transactions subject to market and other conditions. No minimum number of shares has been fixed. Since Choice announced its stock repurchase program on June 25, 1998, the company has repurchased 33.6 million shares of its common stock for a total cost of $711.9 million through February 13, 2007. one stock split in October 2005, the company has repurchased 66.6 million shares at an average price of $10.69 per share.

Financial Software Trading Advent Software, Inc. (www.advent.com), a multi-national firm, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 50 countries using Advent technology manage investments totaling more than US $8 trillion. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.

Online Stock Trading Company Source: Advent Software, Inc.

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