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For Immediate Release
Presentation to be Webcast on the Ranger Governance Website:
Dallas, Texas, August 1, 2001 - Ranger Governance, Ltd. will hold an investor conference call at 10:30 a.m. EDT today to discuss "The Ranger Governance Plan for Computer Associates," a plan that it believes will enhance value and install accountability to Computer Associates (NYSE: CA).
Callers may participate in the investor conference call by dialing the following numbers:
Domestic callers: (888) 489-9487
International callers: (212) 346-6599
Callers should dial in at least 15 minutes before the call is scheduled to begin and ask to be connected to the Ranger Governance conference call.
A live listen-only audiocast of the teleconference along with the slide presentation will be available on the Ranger website at Real Network’s Real Player or Microsoft Media Player is required to access the audiocast and can be downloaded from or
About Ranger Governance, Ltd.
Ranger Governance is a Dallas-based investment company created by entrepreneurs Sam Wyly and Charles Wyly, and an affiliate of Ranger Capital Group, a multi-manager investment fund also based in Dallas. On July 27, 2001, Ranger Governance filed a definitive proxy statement with the Securities and Exchange Commission in connection with Ranger’s solicitation of proxies to elect its director nominees at the 2001 annual stockholders meeting of Computer Associates and has mailed copies to stockholders. Ranger is proposing a comprehensive restructuring plan which it believes will maximize shareholder value, position Computer Associates for future growth, and dramatically improve its relations with customers, employees and investors. Ranger urges stockholders to read its proxy statement because it contains important information. More information about Ranger Governance and copies of its definitive proxy statement are available at Copies of Ranger's definitive proxy statement and other Ranger soliciting materials are also available at the Securities and Exchange Commission's website at
Media:                                                                           Investors:
Dan Katcher/Joele Frank
Joele Frank, Wilkinson Brimmer Katcher                       Morrow & Co., Inc.
(212) 355-4449                                                            (212) 754-8000
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The Forum is open to all Computer Associates ("CA") shareholders, whether institutional or individual, and to any fiduciaries or professionals concerned with their investment decisions.  Its purpose is to provide shareholders with access to information and a free exchange of views on issues relating to their evaluations of alternatives, as described in the Forum Summary.

There is no charge for participation.  As stated in the Conditions of Participation, participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

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The material presented on this web site is published by Gary Lutin, as chairman of the Shareholder Forum.