Elliott Management Nominates Five to BMC Board

Elliott Management today confirmed that it has nominated a slate of five highly experienced executives for election to the BMC Software Board of Directors at the Company's annual meeting.  The firm sent the following letter to the Board of Directors of BMC explaining its position: May 15, 2012 The Board of Directors BMC Software, Inc. 2101 Citywest Boulevard Houston, TX 77042-2827 Attention:  Robert E. Beauchamp, Chairman and Chief Executive Officer Dear Members of the Board of Directors: I write to you today on behalf of Elliott Management and our collective funds, which hold 5.5 percent of BMC Software common stock and have nominated a slate of five highly experienced technology executives to the Board of Directors at the Company's upcoming annual meeting.  Last week, I had a friendly meeting with CEO Bob Beauchamp and CFO Steve Solcher during which time I articulated Elliott's view of BMC and the value we believe is inherent in the Company.  I acknowledged Bob's hard work over the past 11 years to transform BMC from a simple mainframe tools company to a leader in BSM and I expressed Elliott's desire to work together constructively to maximize value for stockholders and the Company.
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