Fidelity NationalInformation Services

Equity RoadshowInvestor Presentation

June 2008

2

Forward-Looking Statements

This presentation contains forward-looking statements that involve a number of risks and uncertainties.Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions madeby, and information currently available to, management. Because such statements are based on expectations as tofuture economic performance and are not statements of fact, actual results may differ materially from thoseprojected. We undertake no obligation to update any forward-looking statements, whether as a result of newinformation, future events or otherwise. The risks and uncertainties which forward-looking statements are subjectto include, but are not limited to: risks associated with the proposed spin-off of the Lender Processing Services(LPS) segment by FIS, including the ability of FIS to contribute certain LPS assets and liabilities to the entity to bespun off, the ability of LPS to obtain debt on acceptable terms and exchange that debt with certain holders of theFIS debt, obtaining government approvals, obtaining FIS Board of Directors approval, market conditions for thespin-off, and the risk that the spin-off will not be beneficial once accomplished, including as a result of unexpecteddis-synergies resulting from the separation or unfavorable reaction from customers, rating agencies or otherconstituencies; changes in general economic, business and political conditions, including changes in the financialmarkets; the effects of our substantial leverage (both at FIS prior to the spin-off and at the separate companiesafter the spin-off), which may limit the funds available to make acquisitions and invest in our business; the risks ofreduction in revenue from the elimination of existing and potential customers due to consolidation in the banking,retail and financial services industries; failures to adapt our services to changes in technology or in themarketplace; adverse changes in the level of real estate activity, which would adversely affect certain of ourbusinesses; our potential inability to find suitable acquisition candidates or difficulties in integrating acquisitions;significant competition that our operating subsidiaries face; the possibility that our acquisition of EFD/eFunds maynot be accretive to our earnings due to undisclosed liabilities, management or integration issues, loss ofcustomers, the inability to achieve targeted cost savings, or other factors; and other risks detailed in the“Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form10-K and other filings with the Securities and Exchange Commission.

2

3

Overview

4

Spin-Off Transaction Overview

• Announced plan to spin-off Lender ProcessingServices (“LPS”) on 10/25/07

• FIS will contribute assets of its LPS businessinto a newly formed subsidiary (“SpinCo”) inexchange for 100% of SpinCo common stockand ~$1.6bn of SpinCo debt

• Targeting effective date of July 1st– Pro Forma FIS debt of $2.5bn

FIS SpinCo

LPS

FISShareholders

• Unique and distinct businesses with differentcustomers, markets and management

• Limited ability to leverage operations, technologyand product development

• Eliminates competing investment and resourceneeds

• Pure play advantages and reduced complexity

• Improved ability for investors to optimizeholdings based on investment criteria

RationaleDescription

4

Each Business Well-Positioned to Succeed

FIS (TPS)

5 5

Strong Management Team

Continuity of Management with165 Years of Combined Industry Experience

Lee A. KennedyPresident & CEO

Ron CookGeneral Counsel

Gary NorcrossChief Operating Officer

Frank SanchezStrategic Development

Services

George ScanlonChief Financial Officer

Mike OatesHuman Resources

6

51%37%

11%

FIS

• 40 years of global market leadership in financialtechnology services

• Leading market positions– Payment processing services– Core banking services– Risk management services

• Significant scale– $2.9 billion in annual revenues– $724 million in Adjusted EBITDA¹– 13,000+ financial institutions clients in over 80

countries– Over 23,000 employees

• Broad geographic reach• S&P 500 Stock Index

6

CoreProcessing

Services

PaymentProcessing

Services

Other

2007 Revenue BreakdownOverview

2007 Revenue: $2.9bn

Focused Payments and Core Processing Company

¹ Pro Forma for carve out and allocation of corporate expense

7

Priorities

• Execute eFunds integration

– $35M in-year savings

• Eliminate redundant costs

– $30M in-year savings

• Optimize technology acrossproduct lines andgeographies

• Reduce capital spending

• Integrate sales organizations

• Expand existing customerrelationships

• Extend product capabilitiesacross market segments andcustomer base

7

IncreaseOrganic Growth

ImproveOperating Efficiency

StrengthenCompetitive Position

• Leverage eFunds productcapability and scale

– ATM/Debit/Prepaid

– Risk

• Drive product innovation

– Channel solutions

– Core transformation solutions

8

Investment Highlights

8

Competitive Positioning

• Attractive global payment services and bank technology markets

• Most comprehensive range of industry specific integrated products and services

• Broad geographical range

• Experienced management team

Operating Model

• Stable and highly recurring revenue model

• Diversified customer base and market segments

• Strong organic growth through international expansion and cross selling to established client-base

• Significant opportunity for margin expansion through scale efficiencies and cost synergies

9

Business Overview

10

Strong Industry Fundamentals

Payment Transaction Growth(’06-’12 CAGR)

Source: Financial Insights and IDC Company 2006 Source: The Nilson Report Issue #885 (August 2007)

10

Global Focus Increases Growth Opportunity

US Core Banking IT Spending ($mm)

2005—2010 CAGR ~ 4%

Majority of Spending Concentrated withLarge Tier Institutions

Global 11%

8% 8%

11%

14%

17%

20%

11

Industry Transformation

Past

Mono-line CompaniesSingle Product Capability

• Core Processing

• Card Services

• Item Processing

• ATM Services

• E-banking

• Bill Payment

MarketDrivers

• Rapidly changing consumer preferences

• Bank economics

• Accelerating trend towards outsourcing

CompetitiveImperative

• Integrated Data

• Integrated Processing

• Integrated Delivery

• Scale

• Globalization

Present Future

11

Accelerated Market Evolution

12

Focused Acquisition Strategy

12

Targeted, Disciplined and Successfully Integrated Acquisitions

Channels & Integration

FISFIS

Payments/Risk

AncillaryCore Deposits/Loan

2003

2003

2005

2004

2004

2004

2006

2007

2007

2007

13

Most Integrated and ComprehensiveProducts and Services

IT/BPOItemProcessing

InternetBanking/Bill Pay

DecisionSolutions

Prepaid CardProcessing

Debit CardProcessing

Credit CardProcessing

CoreProcessing

FISV

JKHY

FDC

TSYS

Temenos

FIS

Leadership Presence Limited/Not Served

Core Payments Services

13

MV

TechnologyServices

14

• Domestic:– 34 percent of all consumer debt– 25 percent of all demand accounts– 9 million+ credit card accounts– 3.5 billion+ checks– 8 million+ loyalty accounts– 43 million+ debit cards and 18,000 ATMs

• International:– 5 of the top 5 world banks– 47 of the top 100 world banks– More than 35 million cards

Significant Processing Scale

14

Across Six Domestic and Four International Technology Centers

15

Diverse Customer Base

15

FIS has the Greatest Proven Scalability

Markets Served

Asset Size of Largest Core Bank CustomersMarkets Served

16

Strong Global Relationships

16

17

Branded Financial Services Institutions

17

18

Strong International Market Position

• Unique inventory of core banking assets– Core bank processing– Card issuer/acquiring services– Risk management– Business process outsourcing

• FIS scale and experience• Active in established and emerging

markets• Banking and card cross-sell opportunities• Serving customers in more than 80

countries

18

2007 International Revenue by Region

Revenue growth

Significant Competitive Presence Provides Comparative Advantage

Total Revenue: $628mm

$ 0

$250

$500

$750

2004 2005 2006 2007

2004-2007 CAGR: 73%

EMEA47%

Asia Pacific& Other 18%

LatinAmerica

35%

19

Organization Aligned to CaptureCross-Sell Opportunity

• Operating objectives

– Accountability and ownership

– Product domain focus

– Entrepreneurialism within the business lines

– Increase sales of product and technologyassets across multiple market segments

– Eliminate redundant expenses acrossdivisions

– Decrease capital expenditures by eliminatingduplication across market segments

• Announced November 2007 and fully implementedin February 2008

19

Functionally Integrated Organization

New Operating Model

Customer

ProductDevelopment

20

Strategic Growth Drivers

20

Expand Addressable Market

Integrated Products and Delivery

Strategic Product Development

Disciplined Global Expansion

Leverage ExistingCustomer Relationships

21

Financial Overview

22

Strong Growth Trajectory

CAGR = 9.8%*CAGR

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2005 2006 2007Integrated Financial Solutions Enterprise Solutions International

29.8%

3.0%

7.2%

*Excludes 9/12/07 acquisition of eFunds, discontinued operations, carve-out and corporate expense allocation

$400

$450

$500

$550

$600

$650

$700

$750

2005 2006 2007

CAGR = 12.5%*

22

EBITDARevenue

23

21%11%

44%

24%

23

Diverse and Recurring Revenue

6%

8%

86%

Processing andMaintenance - $2.5bn• Processing Services• Software Maintenance• Network/Interchange Fees

Professional Services$224mm

Other$168mm

86% Recurring Revenue

Other:

Softw are 4%

Equipment Sales 1%

Termination Fees 1%

2007 Revenue by Vertical

CommunityInstitutions

$1.2bn

Mid- and Top-TierU.S. Institutions

$704mm

International$628mm

Retail Point-of-Sale$306mm

Diverse Customer Base

2007 Revenue by Type

Total Revenue: $2.9bn

2424

Margin Expansion

25.5%24.6%

23.6%

21.4%

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

2005 2006 2007 2008 (e)

17%

19%

21%

23%

25%

27%

29%

FIS Revenue FIS EBITDA Margin

• Increase international scale

• Improve sales productivity

• Execute eFunds integration

• Leverage infrastructure

Sources of Margin ExpansionRevenue and Margins

16% – 18%

2525

Capital Expenditures

Reduced Capital Intensity in 2008

$25

$75

$125

$175

$225

$275

2006 2007 2008E

4%

5%

6%

7%

8%

9%

10%

11%

12%

IFS EBS FTS Int'l % of Revenue

(In m

illio

ns)

$245

$273

$221

2626

Free Cash Flow

TPS Adjusted Estimated

2007 2008

Low High

Net Earnings(1,2)

528.0$ 196.0$ 208.0$

Add: D&A 379.6 425.0 425.0

Other, net (468.9) (56.0) (48.0)

Cash flow from operations 438.7$ 565.0 585.0

Capital expenditures(3)

(272.7) (250.0) (240.0)

Net free cash flow 166.0$ 315.0$ 345.0$

(1) Refer to page 36 for reconciliation of GAAP to non-GAAP free cash flow.

(2) Excludes acquisition related integration costs and restructuring expense.

(3) Includes PP&E, purchased software, capitalized software and approximately

$25 million in 2008 for eFunds integration capital.

FIS Adjusted2007

Estimated2008

27

• Invest in organic growth initiatives

• Maintain dividend

• Reduce debt

• Pursue targeted acquisitions

• Share repurchase

27

Cash Flow Priorities

2828

Growth Objectives

2008 2009 - 2011

Guidance Growth Objectives

Organic Revenue 4% - 6% 6% - 9%

Total Revenue (1) 16% - 18% 6% - 9%

Adjusted EBITDA 21% - 23% 9% - 12%

Adjusted Earnings Per Share $1.48 - $1.54 15% - 20%

Capital Expenditures (% Revenue) ~ 7% 5% - 7%

Longer-TermShort-Term

(1) Includes 9/12/2007 acquisition of eFunds.

29

Investment Highlights

29

Competitive Positioning

• Attractive global payment services and bank technology markets

• Most comprehensive range of industry specific integrated products and services

• Broad geographical range

• Continuity of experienced management team

Operating Model

• Stable and highly recurring revenue model

• Diversified customer base and market segments

• Strong organic growth through international expansion and cross selling to established client-base

• Significant opportunity for margin expansion through scale efficiencies and cost synergies

30

Supplemental FinancialInformation

31 31

Use of Non-GAAP Measures

FIS reports several non -GAAP measures, including earnings before interest,

taxes, depreciation and amortization (“EBITDA”) and adjusted net earnings.

The adjusted results exclude the after -tax impact of merger and acquisition

and integration expenses, ce rtain stock compensation charges, debt

restructuring and other costs, gains (losses) on the sale of certain non -

strategic assets and acquisition related amortization. Any non -GAAP

measures should be considered in context with the GAAP financial

presentat ion and should not be considered in isolation or as a substitute for

GAAP net earnings. A reconciliation of these non -GAAP measures to related

GAAP measures is incl uded in the FIS earnings press release dated April 28,

2008, for the quarter ended March 31 , 2008, and in the following

supplemental schedules .

31

32

Adjustments to 2007 Results of Operations

Non- Net Free

Revenue EBITDA EBIT Operating Pre-tax Earnings Cash Flow (1)

Non-GAAP Adjustments:

Eliminate TPS Non-GAAP Items & Adjust Working Capital $0.0 $4.6 $18.1 $1.0 $19.1 $12.1 $51.5

Eliminate LPS Non-GAAP Items & Adjust Working Capital - 6.8 7.9 - 7.9 5.0 5.0

Eliminate Corporate Non-GAAP Items & Adjust Working Capital - 2.8 2.8 (330.0) (327.3) (206.2) 145.9

Total Non-GAAP Adjustments – Historical FIS $0.0 $14.2 $28.8 ($329.0) ($300.3) ($189.2) $202.4

Carveout Adjustments:

Transfer Managed Ops Contracts to TPS $45.6 $7.0 $6.5 $0.0 $6.5 $4.1 $0.0

Transfer Technology Depreciation to TPS - 30.6 - - - - -

Transfer Technology Ops to TPS - (16.9) (16.9) - (16.9) (10.7) -

Allocate Interest Expense to LPS - - - 91.0 91.0 55.8 55.8

Total Carveout Adjustments – New FIS $45.6 $20.7 ($10.4) $91.0 $80.6 $49.3 $55.8

(1) Adjustments to free cash flow primarily represent the payment of tax liabilities associated with the disposition of non-strategic investments,

as well as the after-tax impact of non-recurring integration costs. Refer to page 36 of this presentation and Exhibit F of the first quarter 2008

earnings release for additional details.

32

“TPS” and “LPS” represent the historical Transaction ProcessingServices and Lender Processing Services operating segments within FIS

33

2007 Income Statement Reconciliation(1 of 2)

TPS LPS Corp FIS

Revenue:

Revenue, as reported $2,888.7 $1,736.2 $11.8 $4,636.7

Non-GAAP adj - - - -

Carveout 45.6 (45.6) - -

Corporate allocation 11.8 - (11.8) -

Pro Forma 2,946.1 1,690.6 - 4,636.7

EBITDA:

EBITDA, as reported 754.4 571.6 (89.8) 1,236.2

Non-GAAP adj 4.6 6.8 2.8 14.2

Carveout 20.7 (20.7) - -

Corporate allocation (56.1) (31.0) 87.1 -

Pro Forma 723.6 526.7 - 1,250.3

EBITDA Margin 24.6% 31.2% 27.0%

EBIT:

EBIT, as reported 415.6 441.9 (111.9) 745.6

Non-GAAP adj 18.1 7.9 2.8 28.8

Carveout (10.4) 10.4 - -

Corporate allocation (73.1) (36.1) 109.2 -

Pro Forma 350.3 424.1 - 774.4

EBIT Margin 11.9% 25.1% 16.7%

33

Historical

34

2007 Income Statement Reconciliation(2 of 2)

TPS LPS Corp FIS

Net Earnings:

Net Earnings (1) $310.9 $250.3 - $561.2

Non-GAAP adj, net of tax (189.2) - - (189.2)

Carveout adj, net of tax 49.3 (49.3) - -

Pro Forma $171.0 $201.0 - $372.0

Adjusted Earnings:

Adjusted Earnings (1) $391.0 $276.4 - $667.4

Non-GAAP adj, net of tax (189.2) - - (189.2)

Carveout adj, net of tax 49.3 (49.3) - -

Pro Forma $251.1 $227.1 - $478.2

Adjusted EPS – Diluted

Adjusted EPS - Diluted (1) $2.01 $1.41 - $3.40

Non-GAAP adj (0.96) - - (0.96)

Carveout 0.25 (0.25) - -

Pro Forma $1.30 $1.16 - $2.44

Free Cash Flow:

Free Cash Flow (1) ($92.2) $212.4 - $120.3

Non-GAAP adj, net of tax 202.4 - - 202.4

Carveout adj, net of tax 55.8 (55.8) - -

Pro Forma $166.0 $156.6 (2) - $322.6

34

Historical

• Earnings by operating segment have not been previously disclosed. These results reflect the allocation ofthe corporate segment to the TPS and LPS operating segments.

• Reflects free cash flow for LPS as included in the Company's Form 10 for year ended December 31, 2007,adjusted to include a pro forma allocation of interest expense.

(1)

(2)

35

2007 EBITDA Margin

Revenue EBITDA EBITDA %

2007 TPS, excluding charges 2,888.7$ 759.0$ 26.3%

Carve out adjustments:

Transfer of managed operations contract 45.6 7.0 -0.2%

Transfer technology depreciation - 30.6 1.1%

Transfer technology operations (16.9) -0.6%

Corporate allocation - leasing contracts(1)

11.8 11.4 0.3%

Corporate expense allocation - (67.5) -2.3%

2007 pro forma FIS, as adjusted 2,946.1$ 723.6$ 24.6%

(1) Leasing contracts sold 9/30/07

35

Pro Forma FIS

36

2007 Pro Forma,

as adjusted

2007 as Less: Non- 2007 Non- Less: LPS New

Reported GAAP adj GAAP Carveout FIS

Net Earnings 561.2$ 167.8$ 729.0$ (201.0)$ 528.0$

Add: D&A 496.8 (14.6) 482.2 (102.6) 379.6

Other, net (594.5) 49.2 (545.3) 76.4 (468.9)

Cash flow from operations 463.6 202.4 665.9 (227.2) 438.7

Capital expenditures (343.3) - (343.3) 70.6 (272.7)

Net free cash flow 120.3$ 202.4$ 322.6$ (156.6)$ 166.0$

Historical FIS

Free Cash Flow Reconciliation(in millions)

36

(1)

(2)

(3)

(1) Eliminate tax liabilities associated with disposition of non-strategic assets (Covansys stock, Property Insight) –$145.6 million and after-tax impact of non-recurring integration costs – $7.8 million.

(2) Eliminate depreciation and amortization primarily associated with non-strategic assets.(3) Adjustments to working capital reflect elimination of settlement of various acquisition related liabilities.

3737

2008 Outlook New FIS

Estimated 2008

Q1 Q2 Q3 Q4 2008(1) Merger & integration costs, net of tax 10$ 2$ 1$ 1$ 13$

LPS spin-off costs, net of tax 2 13 - - 15

Restructuring costs, net of tax - 7 - - 7

11$ 22$ 1$ 1$ 35$

(2) Acquistion related amortization, net of tax 23$ 23$ 22$ 21$ 89$

FIS 2007

Pro Forma, Estimated 2008

(in millions, except per share amounts) as adjusted Low High

Revenue 2,946$ 16.0% – 18.0%

Adjusted EBITDA, excluding other costs (1)

724 21.5% – 23.5%

D&A 373 425 425

Interest expense and other, net 106 145 145

Minority interest expense (income) (3) 5 5

Acquisition related amortization, net of tax (2)

80 89 89 (2)

Adjusted Net Earnings - continuing operations 242 287 299

Adjusted Net Earnings Per Share - continuing operations 1.23$ 1.48$ 1.54$

3838

2008 Estimated Revenue New FIS

2007 2008 Growth Excluding

Pro Forma Low High eFunds (2)

IFS 1,254.3$ 20% 22%

EBS 1,010.6 11% 13% (1)

Int'l 628.5 22% 24%

Other (4.8) -25% -25%

As reported 2,888.7 17% 19% 4% - 6%

Carve out adjustment 45.6 -4% -4%

Leasing contracts (3)

11.8 -100% -100%

As adjusted 2,946.1$ 16% 18%

(1) EBS growth would approximate 20% excluding Retail POS Check Services

(2) eFunds acquisition completed 9/12/07

(3) Leasing contracts sold 9/30/07

3939

Estimated Free Cash Flow New FIS

2007 Pro Forma 2008 Estimated

as adjusted New FIS

Low High

Net Earnings (1,2) 528.0$ 196.0$ 208.0$

Add: D&A 379.6 425.0 425.0

Other, net (468.9) (56.0) (48.0)

Cash flow from operations 438.7$ 565.0 585.0

Capital expenditures(3)

(272.7) (250.0) (240.0)

Net free cash flow 166.0$ 315.0$ 345.0$

(1) Refer to page 36 for reconciliation of GAAP to non-GAAP free cash flow.

(2) Excludes acquisition related integration costs and restructuring expense.

(3) Includes PP&E, purchased software, capitalized software and approximately

$25 million for eFunds integration capital.