Investors Choice Highlights

Paychex Investors Choice offers you the ability to:

• Buy shares conveniently and economically either by direct debit to your bank account or by check.
• Invest amounts as low as $100 per month through automatic bank deductions.
• Reinvest cash dividends by purchasing additional shares of Common Stock of Paychex with your dividend funds directly through the Plan.
• Elect to have your dividend funds deposited directly into your own bank account by electronic funds transfer, if you choose not to reinvest your dividends.
• Sell or transfer shares of Paychex Common Stock held in your Plan account.
• Deposit some or all of the shares of Common Stock of Paychex currently held by you in stock certificate form into your Plan account for safekeeping.
• Withdraw some or all of your shares and receive a certificate at any time should you request.
• Complete all your share transactions including purchases, sales, and requests for certificates on the Internet.

For more information about Paychex Investor Relations, please contact:

Terri Allen
Paychex Investor Relations
911 Panorama Trail S.
Rochester, NY 14625
585-383-3406

Or complete our online form.

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