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TSYS Stock Ownership Guidelines

TSYS has adopted a common stock ownership policy for members of the board and our executive officers. This policy requires our executive officers to own shares of common stock having a value equal to five times base salary in the case of our Chairman and CEO, four times base salary in the case of our President and three times base salary for all other executive officers.

Each of our directors must own common stock having a value equal to at least three times their annual cash retainer, which is currently $40,000.

These ownership levels will be calculated annually. Executive officers and directors have five years to meet the minimum level with certain ownership thresholds that must be met in the interim period. Our board believes this stock ownership policy substantially enhances stockholder value by materially aligning management's interest with those of stockholders.