Fair Isaac Repurchases $9 Million in Notes from Certain Holders of its 1.5% Senior Convertible Notes Due 2023

(Minneapolis, Minnesota, USA) - Fair Isaac Corporation (NYSE:FIC) today announced it has made a final repurchase of $9 million in aggregate principal amount of notes from certain holders of its $400 million 1.5% Senior Convertible Notes due August 15, 2023. Last week, Fair Isaac announced that it had received repurchase option exercise notices from certain of these noteholders in the aggregate principal amount of $129 million. These noteholders had until close of business on August 13, 2007 to rescind this repurchase option exercise notification. On August 13, 2007, noteholders in the aggregate principal amount of $120 million notified the company to rescind their repurchase option, leaving a final amount of $9 million to be repurchased by Fair Isaac.

Pursuant to the terms set forth in the applicable indenture, the settlement of the repurchase will occur on the later of August 15, 2007 or proper presentation of the note to DTC. The indenture provides for additional repurchase options that may require the company to repurchase the notes on August 15, 2008, August 15, 2013 or August 15, 2018, or upon a change of control, subject to compliance by the noteholders with the required exercise procedures in advance of those dates.