ConvergysCorporation Announces Final Results and Settlement of Its Exchange Offer for Its Outstanding 4.875% Senior Notes Due 2009

Convergys Corporation, a global leader in relationship management, announced today the final results and settlement of its offer to exchange (the "Exchange Offer") up to $125,000,000 aggregate principal amount of its new 5.75% Junior Subordinated Convertible Debentures due 2029 (the "2029 Debentures") for up to $122,549,019 aggregate principal amount of its outstanding 4.875% Senior Notes due 2009 (the "2009 Senior Notes").

The Exchange Offer expired at midnight, New York Citytime, on October 6, 2009. U.S. Bank National Association, the exchange agent for the Exchange Offer (the "Exchange Agent"), reported approximately $171.1 million aggregate principal amount of 2009 Senior Notes was validly tendered and not validly withdrawn prior to the expiration of the Exchange Offer, including $1.0 million aggregate principal amount of 2009 Senior Notes tendered pursuant to satisfaction of guaranteed delivery procedures. The Company accepted for exchange approximately $122.5 million aggregate principal amount of 2009 Senior Notes. The final proration factor for the 2009 Senior Notes was determined to be approximately 71.6%.

Upon settlement of the Exchange Offer on October 13, 2009, the Company issued a total of approximately $125.0 million aggregate principal amount of its new 5.75% Junior Subordinated Convertible Debentures due 2029 (the "2029 Debentures") in exchange for accepted 2009 Senior Notes. Following the settlement of the Exchange Offer, approximately $70.1 million aggregate principal amount of the 2009 Senior Notes remain outstanding.

In settlement of the Exchange Offer, the Company paid an aggregate of approximately $2.0 million in cash, representing accrued and unpaid interest payable in respect of exchanged 2009 Senior Notes and amounts payable in lieu of fractional 2029 Debentures otherwise issuable under the terms of the Exchange Offer.

The sole lead deal manager for the Exchange Offer was J.P. Morgan Securities, Inc. The information agent for the Exchange Offer was D.F. King & Co., Inc.

The Company has filed a Registration Statement on Form S-4 (Reg. No. 333-161586) (the "Registration Statement") relating to the Exchange Offer with the SEC and such Registration Statement was declared effective by the SEC on September 9, 2009. The prospectus contained in the Registration Statement and the related Letter of Transmittal are available free of charge at the SEC's website at www.sec.gov or by contacting the Company's Corporate Secretary's Office at 201 East Fourth Street, Cincinnati, Ohio 45202, telephone number (513) 723-7000.

About Convergys

ConvergysCorporation is a global leader in relationship management. We provide solutions that drive more value from the relationships our clients have with their customers and employees. Convergysturns these everyday interactions into a source of profit and strategic advantage for our clients.

For more than 30 years, our unique combination of domain expertise, operational excellence, and innovative technologies has delivered process improvement and actionable business insight to clients that now span more than 70 countries and 35 languages.

Convergysis a member of the S&P 500 and has been voted a Fortune Most Admired Company for nine consecutive years. We have approximately 70,000 employees in 82 customer contact centers and other facilities in the United States, Canada, Latin America, Europe, the Middle East, and Asia, and our global headquarters in Cincinnati, Ohio.