European Capital Invests euro 83 Million in One Stop Buyout(TM) of Miles 33

LONDON, June 11 /PRNewswire-FirstCall/ -- European Capital S.A. SICAR, a wholly-owned subsidiary of European Capital Limited , announced today that it has invested euro 83 million ($112 million) in the One Stop Buyout(TM) of Miles 33 Group Limited. Miles 33 is a leading provider of software to the publishing and financial services sectors and has operations in both the UK and the USA. European Capital's investment takes the form of equity, subordinated debt and senior loan facilities. As a result of the investment, European Capital is the majority shareholder of Miles 33 with approximately 60% ownership. Miles 33's previous owners and senior management also invested in the Company as part of the buyout and hold the remaining 40%.

"We are pleased to announce that the London office of European Capital has completed another One Stop Buyout(TM)," said Ira Wagner, President of European Capital Financial Services Limited ("European Capital Services"), the sub- investment manager of European Capital, and Chief Operating Officer of American Capital Strategies, Ltd. "This is the eighth One Stop Buyout(TM) for European Capital in the past 18 months and the fifth for our London office".

European Capital has invested approximately euro 1.7 billion ($2.3 billion) in the last twelve months, euro 848 million ($1.1 billion) year to date and euro 581 million ($783 million) quarter to date. For more information about European Capital's portfolio, go to http://www.europeancapital.com/our_portfolio/portfolio.html.

"Miles 33 has achieved an excellent track record of growth based on its market leading technology and services to the rapidly changing publishing industry," said Alex Morey, European Capital Director. "We are delighted to be able to back this team of high quality managers and support them in their continued expansion. We believe that under European Capital's ownership and with the increased financial resources that we can bring to bear, Miles 33 is well placed to execute on its growth strategy both in the UK and internationally."

"Miles 33 represents a classic investment for European Capital in which we are backing a strong management team to buy a market leading business in a highly defensible niche," said Simon Henderson, European Capital Managing Director.

Founded in 1976, Miles 33 is a supplier of computer software to the publishing sector, with regional newspapers being its largest customer segment. Miles 33's integrated suite of modules supports key functions such as editorial production and workflow, advertising booking (paper and online), customer relationship management and credit management. The Company also supplies law firms with practice management and financial software. Miles 33 has an innovative sales model, which has enabled the company to build long standing customer relationships with leading newspaper publishers and to generate strong growth in recurring revenues. Miles 33 is based in Bracknell, Berkshire, UK.

"I am delighted to have secured this investment from European Capital whom we believe to be the best choice to help us deliver the next stage of our strategic growth. The management team and I are excited at the prospect of what this new relationship can bring to the future of our business," said Alex Yew, Miles 33 Chairman.

"This is a very exciting time for Miles 33 and the management team," said Mike Moore, Miles 33 Managing Director. "With the backing of a large investment group such as European Capital we look forward to continuing and accelerating our strategy for domestic as well as international growth. In particular, we plan to expand our growth in the United States, where we have begun to make significant in roads, and enter other international markets where we do not at present have a presence. I look forward to working with European Capital to continue and extend our track record for sustained growth".

ABOUT EUROPEAN CAPITAL

European Capital is a closed-end investment company for pan-European equity, mezzanine and senior debt investments with capital resources of approximately euro 2.1 billion ($2.9 billion). European Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts and provides capital directly to private and public companies headquartered predominantly in Europe. European Capital generally invests between euro 5 million and euro 500 million per transaction in equity, mezzanine debt and senior debt to fund growth, acquisitions and recapitalizations.

Companies interested in learning more about European Capital's flexible financing should contact Simon Henderson or Nathalie Faure Beaulieu in London at + 44 (0)20 7539 7000, Jean Eichenlaub at + 33 (0)1 40 68 06 66 in Paris, or Robert von Finckenstein at +49 (0)69 7171 2970 in Frankfurt or visit the website at http://www.europeancapital.com/.

ABOUT AMERICAN CAPITAL

American Capital Strategies Ltd. , an affiliate of European Capital, is the second largest U.S. publicly traded alternative asset manager with approximately $11 billion in assets under management (second to Fortress). American Capital, both directly and through its global asset management business, is an investor in management and employee buyouts, private equity buyouts, and early stage and mature private and public companies. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions, recapitalizations and securitizations. American Capital and its affiliates invest from $5 million to $800 million per company in North America and euro 5 million to euro 500 million per company in Europe.

This press release contains forward-looking statements. The statements regarding expected results of European Capital and/or American Capital are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions, or changes in the conditions of the industries in which European Capital and/or American Capital have made investments.

European Capital S.A. SICAR

CONTACT: Alex Morey, Director, European Capital Services,
+44 (0)20 7539 7000, or Brian Maney, Director Corporate Communications,
+1-301-951-6122

Web site: http://www.americancapital.com/
http://www.europeancapital.com/

European Capital Invests euro 83 Million in One Stop Buyout(TM) of Miles 33

LONDON, June 11 /PRNewswire/ --

European Capital S.A. SICAR, a wholly-owned subsidiary of European Capital Limited (LSE: ECAS), announced today that it has invested euro 83 million (US$112 million) in the One Stop Buyout(TM) of Miles 33 Group Limited. Miles 33 is a leading provider of software to the publishing and financial services sectors and has operations in both the UK and the USA. European Capital's investment takes the form of equity, subordinated debt and senior loan facilities. As a result of the investment, European Capital is the majority shareholder of Miles 33 with approximately 60% ownership. Miles 33's previous owners and senior management also invested in the Company as part of the buyout and hold the remaining 40%.

"We are pleased to announce that the London office of European Capital has completed another One Stop Buyout(TM)," said Ira Wagner, President of European Capital Financial Services Limited ("European Capital Services"), the sub-investment manager of European Capital, and Chief Operating Officer of American Capital Strategies, Ltd. "This is the eighth One Stop Buyout(TM) for European Capital in the past 18 months and the fifth for our London office".

European Capital has invested approximately euro 1.7 billion (US$2.3 billion) in the last twelve months, euro 848 million (US$1.1 billion) year to date and euro 581 million (US$783 million) quarter to date. For more information about European Capital's portfolio, go to http://www.EuropeanCapital.com/our_portfolio/portfolio.html.

"Miles 33 has achieved an excellent track record of growth based on its market leading technology and services to the rapidly changing publishing industry," said Alex Morey, European Capital Director. "We are delighted to be able to back this team of high quality managers and support them in their continued expansion. We believe that under European Capital's ownership and with the increased financial resources that we can bring to bear, Miles 33 is well placed to execute on its growth strategy both in the UK and internationally."

"Miles 33 represents a classic investment for European Capital in which we are backing a strong management team to buy a market leading business in a highly defensible niche," said Simon Henderson, European Capital Managing Director.

Founded in 1976, Miles 33 is a supplier of computer software to the publishing sector, with regional newspapers being its largest customer segment. Miles 33's integrated suite of modules supports key functions such as editorial production and workflow, advertising booking (paper and online), customer relationship management and credit management. The Company also supplies law firms with practice management and financial software. Miles 33 has an innovative sales model, which has enabled the company to build long standing customer relationships with leading newspaper publishers and to generate strong growth in recurring revenues. Miles 33 is based in Bracknell, Berkshire, UK.

"I am delighted to have secured this investment from European Capital whom we believe to be the best choice to help us deliver the next stage of our strategic growth. The management team and I are excited at the prospect of what this new relationship can bring to the future of our business," said Alex Yew, Miles 33 Chairman.

"This is a very exciting time for Miles 33 and the management team," said Mike Moore, Miles 33 Managing Director. "With the backing of a large investment group such as European Capital we look forward to continuing and accelerating our strategy for domestic as well as international growth. In particular, we plan to expand our growth in the United States, where we have begun to make significant in roads, and enter other international markets where we do not at present have a presence. I look forward to working with European Capital to continue and extend our track record for sustained growth."

ABOUT EUROPEAN CAPITAL

European Capital is a closed-end investment company for pan-European equity, mezzanine and senior debt investments with capital resources of approximately euro 2.1 billion (US$2.9 billion). European Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts and provides capital directly to private and public companies headquartered predominantly in Europe. European Capital generally invests between euro 5 million and euro 500 million per transaction in equity, mezzanine debt and senior debt to fund growth, acquisitions and recapitalizations.

Companies interested in learning more about European Capital's flexible financing should contact Simon Henderson or Nathalie Faure Beaulieu in London at + 44-(0)-20-7539-7000, Jean Eichenlaub at + 33-(0)-1-40-68-06-66 in Paris, or Robert von Finckenstein at +49-(0)-69-7171-2970 in Frankfurt or visit the website at www.EuropeanCapital.com.

ABOUT AMERICAN CAPITAL

American Capital Strategies Ltd. (Nasdaq: ACAS), an affiliate of European Capital, is the second largest U.S. publicly traded alternative asset manager with approximately US$11 billion in assets under management (second to Fortress). American Capital, both directly and through its global asset management business, is an investor in management and employee buyouts, private equity buyouts, and early stage and mature private and public companies. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions, recapitalizations and securitizations. American Capital and its affiliates invest from US$5 million to US$800 million per company in North America and euro 5 million to euro 500 million per company in Europe.

This press release contains forward-looking statements. The statements regarding expected results of European Capital and/or American Capital are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions, or changes in the conditions of the industries in which European Capital and/or American Capital have made investments.

Web site: http://www.americancapital.com http://www.EuropeanCapital.com

European Capital S.A. SICAR

Alex Morey, Director, European Capital Services, +44-(0)-20-7539-7000, or Brian Maney, Director Corporate Communications, +1-301-951-6122

Affiliated Computer Services Announces Suspension of Cerberus/Deason Exclusivity Agreement

DALLAS, June 10 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. , announced today that it has reached an agreement with Darwin Deason, the holder of approximately 42% of the Company's outstanding voting stock and Chairman of the Board of Directors, and Cerberus Capital Management, L.P., to suspend the Exclusivity Agreement between Mr. Deason and Cerberus so that the Company, under the direction of a previously appointed Special Committee of independent directors, can conduct a process to consider the sale of the Company that it considers to be in the best interests of the Company and its stockholders.

As previously disclosed, on March 20, 2007, the Company received a proposal from Mr. Deason and Cerberus to acquire all of the outstanding shares of the Company's common stock, other than certain shares and options held by Mr. Deason and members of the Company's management team that would be rolled into equity securities of the acquiring entity, for $59.25 per share in cash. Mr. Deason and Cerberus subsequently increased the offer price to $62.00 per share in cash. In connection with their proposal, Mr. Deason and Cerberus entered into an Exclusivity Agreement, dated March 20, 2007, pursuant to which Mr. Deason agreed to work exclusively with Cerberus to negotiate an acquisition of the Company.

Pursuant to the terms of a Waiver Agreement, dated as of June 10, 2007, between Mr. Deason, Cerberus and the Company, from June 16, 2007 through August 9, 2007, the Special Committee and its financial advisors, Lazard Freres & Co. LLC, will be soliciting indications of interest in a transaction involving the Company, permitting interested parties, including Cerberus, to conduct due diligence, and having discussions with such interested parties regarding potential transactions involving the Company, as well as considering all other strategic alternatives available to the Company.

Also during this period, Mr. Deason will be free to have discussions and negotiations with parties other than Cerberus interested in a potential transaction with the Company. If the Company enters into an agreement with a party other than Cerberus on or prior to August 19, 2007, the Exclusivity Agreement terminates.

Under the terms of the Waiver Agreement, the Company will reimburse Cerberus for up to $7.5 million of documented out-of-pocket expenses incurred by Cerberus in connection with its proposal. In addition, if the Company enters into a transaction with another party, the Company will pay Cerberus $15 million upon consummation of that transaction if, at the time the transaction is signed or closed, Cerberus has not withdrawn its proposal to acquire the Company, has not reduced its offer price below $62.00 per share or otherwise modified its proposal in a manner that is materially adverse to the Company, and is diligently pursuing an acquisition of the Company. Mr. Deason will pay Cerberus 40% (reduced from 100% under the Exclusivity Agreement) of the positive difference between the value of what Mr. Deason will receive in a transaction consummated with another party and what Mr. Deason would have received under the Cerberus proposal.

The Special Committee believes that the terms of the Waiver Agreement will enable it to conduct a process for considering strategic alternatives available to the Company, including a potential sale of the Company, that it considers to be in the best interests of the Company and its stockholders. There is no assurance that the process undertaken by the Special Committee will result in any transaction, including a transaction with Mr. Deason and Cerberus or any other parties.

The Special Committee encourages all parties interested in exploring a potential transaction with the Company to contact the Special Committee's financial or legal advisors:

Financial Advisors Lazard Freres & Co. LLC (212) 632-6000 Attn: Michael J. Biondi/Alex Stern/David Descoteaux Legal Advisors Weil, Gotshal & Manges LLP (212) 310-8000 Attn: Thomas A. Roberts/Michael J. Aiello

ACS, a global FORTUNE 500 company with 58,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The Company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com/.

The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.

ACS, Inc.

CONTACT: Investor Relations, Jon Puckett, Senior Vice President,
Investor Relations, +1-214-841-8281, Jon.Puckett@acs-inc.com, or Media, Kevin
Lightfoot, Vice President, Corporate Communications, +1-214-841-8191,
kevin.lightfoot@acs-inc.com, both of Affiliated Computer Services, Inc.

Web site: http://www.acs-inc.com/

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