ADP expands Proxy Research offering through its web vote execution platform

New York, NY - October 20, 2003 - ADP Investor Communication Services (ADP ICS), a division of Automatic Data Processing's (NYSE: ADP) Brokerage Services Group, announced agreements with several independent global proxy research providers to enable their research subscribers to access analyses of shareholder meetings over ADP's vote execution platforms, ProxyEdge® Lite (PE Lite) and ProxyEdge 7.06.

In addition to the three US-based providers that are currently available over the platforms (IRRC, Egan-Jones and Glass-Lewis), two global providers will soon become available: Brussels-based Deminor, and Sydney-based Corporate Governance International (CGI). "Making our value-added research available on ADP's platform will make it much easier for our mutual clients to execute their proxy votes in our European core markets, and expand our ability to distribute research globally to all ADP clients," said Jean-Nicolas Caprasse, Managing Partner at Deminor Rating.

In addition, ADP is in discussions with the Association of British Insurers (ABI) and expects to have an agreement with that key shareholder group soon. Discussions with other global providers are also under way.

"The addition of these global research providers greatly enhances the utility of the platforms to voting institutions, allowing them quick access to independent, expert opinions on shareholder meetings in more key markets, " said Bruce Babcock, President of ADP ICS Europe and Asia. "These global providers bring the local, home market knowledge to proxy analysis that voting institutions have been looking for. The inclusion of more providers in the future will enable voting institutions to access multiple opinions across markets, all on one easy-to-use platform."

PE Lite is a web-based proxy vote execution platform, enabling users to aggregate all of their voting activity onto one platform, greatly simplifying the process of voting proxies across sometimes thousands of accounts. Currently, ADP has over 1,200 installations globally of its ProxyEdge voting platforms.

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