ADP Investor Communication Services announces international availability of new proxy voting disclosure solution.

London, UK – August 10, 2004 - ADP Investor Communication Services, a division of Automatic Data Processing’s (NYSE: ADP) Brokerage Services Group, announced the international availability of its proxy voting disclosure solution, ProxyDisclosureSM.

ADP introduced ProxyDisclosure in the US earlier this year to facilitate investment companies’ and investment advisors’ compliance with recently adopted SEC regulations relating to the disclosure of voting activity. While voting disclosure is not a regulatory requirement for other international markets, ADP will market the solution to firms seeking a best practice model.

Internationally, ProxyDisclosure can be used by pension funds and plan sponsors for consolidated vote reporting across multiple fund managers and custodians, enabling a single view of all voting activity. The ProxyDisclosure solution also includes the provision of fund-branded websites for the disclosure of both fund voting activity and voting policy guidelines, enabling fund beneficiaries to have easy access to voting data.

"Although voting disclosure operates on a best practice basis outside of the US, we are already witnessing demand as a result of the international drive towards increased governance," said Bruce Babcock, president of ADP Investor Communication Services, Europe and Asia.

ADP has already gained its first European customers for ProxyDisclosure, including two UK-based plan sponsors and a Dutch pension fund.

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