J.D. Edwards & Company Files Preliminary Prospectus for Initial Public Offering of Common Stock

Business Wire, August 26, 1997

DENVER--(BUSINESS WIRE)--Aug. 26, 1997--J.D. Edwards & Company announced today that it has filed a preliminary prospectus with the Securities and Exchange Commission for a proposed initial public offering of 15,500,000 shares of its Common Stock, including 3,000,000 shares of Common Stock to be sold by selling stockholders at a price range of $15-17.

Morgan Stanley & Co. Incorporated, Deutsche Morgan Grenfell Inc. and Robertson, Stephens & Company will serve as managers of the underwriting group. The Company will offer certain of its shares of Common Stock in the United States and other shares internationally.

The Company develops, markets and supports highly functional Enterprise Resource Planning software solutions that operate on the IBM AS/400 and on leading UNIX and Windows NT servers. The Company's integrated software application suites support manufacturing, finance, distribution/logistics and human resources operations for multi-site and multinational organizations.

Copies of the preliminary prospectus relating to the offering may be obtained from Morgan Stanley & Co. Incorporated, 1585 Broadway, New York, NY 10036; Phone: 212/761-4000 or Fax: 212/761-0091 or from Deutsche Morgan Grenfell Inc., 31 West 52nd Street, New York, NY 10019; Phone: 212/469-5600 or Fax: 212/469-5995 or from Robertson, Stephens & Company, 555 California Street, Suite 2600, San Francisco, CA 94104; Phone: 415/781-9700 or Fax: 415/693-3226.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

J.D. Edwards & Company is headquartered at 7601 Technology Way, Denver, Colorado 80237; Internet Address: http://www.jdedwards.com . Phone: 303/334-4000. -0-

Note to Editors: J.D. Edwards & Company and J.D. Edwards are registered trademarks of the Company. All other product names and companies referenced herein are trademarks or registered trademarks of their respective owners.

CONTACT: J.D. Edwards & Company

Chris Hardman, 303/334-4662

chris_hardman@jdedwards.com