SEEC Files to Deregister Its Common Stock With the Securities and Exchange Commission

Business Wire, Nov 13, 2003

Business Editors

PITTSBURGH--(BUSINESS WIRE)--Nov. 13, 2003

SEEC, Inc. (Nasdaq:SEEC), announced today that it has filed a Form 15 with the Securities and Exchange Commission (the "SEC") to terminate registration of its common stock under the Securities Exchange Act of 1934, as amended (the "1934 Act"). The deregistration is expected to become effective within 90 days of filing.

Effective immediately upon the filing of the Form 15, SEEC is no longer required to file with the SEC certain reports and forms, including Forms 10-K, 10-Q and 8-K, as well as proxy statements. In addition, the common stock of SEEC will no longer be eligible for quotation on the Nasdaq National Market, but is expected to be quoted on the Pink Sheets' Electronic Quotation Service. Market activity would be accessed at the PinkSheets.com web site.

For a number of reasons, including continued costs and expenses of SEC compliance and Nasdaq listing requirements, SEEC's Board of Directors determined that deregistration from the SEC and corresponding Nasdaq delisting is in the best interests of the Company and its shareholders and other constituencies.

In light of the pending deregistration, SEEC will postpone its 2003 Annual Meeting of Stockholders. The Company will notify its shareholders when the Board of Directors determines a new date for the meeting.

The Company will make available on its web site, as soon as practicable, additional information for shareholders and investors regarding the deregistration and other matters of interest.

About SEEC, Inc.

SEEC delivers smart application solutions that enable large, multinational companies to rapidly deliver new business processes across complex legacy environments and disparate business networks in the extended enterprise. The speed, flexibility and cost effectiveness of SEEC's solutions allow companies to more efficiently conduct business, increase productivity and profitability, and more quickly evolve and change to create competitive advantage.

SEEC's customers include Fortune 1000 manufacturers, insurance carriers, financial services companies and other leading companies throughout the world. SEEC has offices in Pittsburgh, Redwood City, California, Chicago, New York, London, and Hyderabad, India, plus alliances with leading consulting companies, independent software vendors, and global IT service providers in the Americas, Europe and Asia. More information is available at www.seec.com.