Disclaimer

On October 4, 2010, Comverse Technology, Inc. filed its Annual Report on Form 10-K for the fiscal years ended January 31, 2009, 2008, 2007 and 2006, which includes restated selected financial information as of and for the fiscal year ended January 31, 2005. Comverse Technology has not amended and does not intend to amend any of its other previously filed Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q for the periods affected by the adjustments. As a result, the consolidated financial information previously disclosed in periodic reports filed by Comverse Technology for fiscal years and quarters ended on or before October 31, 2005, any related financial information contained in such previously filed reports, all earnings and press releases and similar communications issued by Comverse Technology for such periods, and any related reports of Comverse Technology's independent registered public accounting firm have not been amended and should not be relied upon. For additional information, reference is made to the company's press releases issued April 17, 2006, November 14, 2006 and November 5, 2007 and the section entitled "Explanatory Note" in Comverse Technology's Annual Report on Form 10-K for the fiscal years ended January 31, 2009, 2008, 2007 and 2006.

You are about to review presentations, reports and/or filings of Comverse Technology, Inc. that contain time-sensitive information. Comverse Technology will not be reviewing or updating the material that is contained in these items after the date thereof. The information contained therein may be updated, amended, supplemented or otherwise altered by subsequent presentations, reports and/or filings by Comverse Technology.

All statements included or incorporated by reference in these presentations, reports and/or filings, other than statements or characterizations of historical fact, contain "forward-looking statements." There can be no assurance that any forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could affect the company include the risks described in the sections entitled "Forward-Looking Statements," "Cautionary Note Regarding Financial Performance in Subsequent Fiscal Periods." Item 1A, "Risk Factors" and elsewhere in the company's Annual Report on Form 10-K for the fiscal years ended January 31, 2009, 2008, 2007 and 2006 filed with the SEC on October 4, 2010 or in subsequently filed periodic, current or other reports. The company undertakes no commitment to update or revise forward-looking statements except as required by law.