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   &lt;div style="font-family: 'Times New Roman',Times,serif"&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;Note 16 &amp;#8212; Subsequent Events&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;On April&amp;#160;29, 2011, TSYS entered into an agreement with Safwan Shah, both individually and in
   his capacity as a representative of certain remaining shareholders (the &amp;#8220;Agreement&amp;#8221;) to resolve all
   claims against Total System Services, Inc., TSYS Acquiring Solutions, L.L.C. and Infonox, a TSYS
   company, alleged in the previously disclosed litigation initiated by Mr.&amp;#160;Shah in the Superior Court
   of California, Santa Clara County (Case No.&amp;#160;1-10-CV-183173). Such claims arose out of TSYS&amp;#8217;
   purchase of Infonox on the Web (&amp;#8220;Infonox&amp;#8221;) in November&amp;#160;2008. The Agreement provides for the
   payment by TSYS of $6 million of contingent merger consideration to Mr.&amp;#160;Shah and the other remaining shareholders
   pursuant to the Agreement and Plan of Merger entered into in connection with the transaction and
   also provides for the dismissal of the litigation with prejudice and the mutual release of all
   parties to the litigation. The payment of the contingent merger consideration by TSYS will be
   recorded as goodwill and will have no impact on TSYS&amp;#8217; results of operations.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;On May&amp;#160;2, 2011, TSYS acquired TermNet Merchant Services, an Atlanta-based merchant acquirer.
   The company will be re-branded as TSYS and fully integrated into TSYS Merchant Solutions, another
   recent TSYS acquisition based in Omaha, Nebraska.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;On May&amp;#160;3, 2011, TSYS announced that its Board had approved an increase in the number of shares
   that may be repurchased under its current share repurchase plan from up to 10&amp;#160;million shares to up
   to 15&amp;#160;million shares of TSYS stock. The expiration date of the plan was also extended to April&amp;#160;30,
   2013.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Management performed an evaluation of the Company&amp;#8217;s activity the date these unaudited
   financial statements were issued, and has concluded that, other than as set forth above, there are
   no significant subsequent events requiring disclosure.
   &lt;/div&gt;
   &lt;/div&gt;
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 -Publisher FASB
 -Name Statement of Financial Accounting Standard (FAS)
 -Number 5
 -Paragraph 11

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