Nice Ltd. — Capital/Financing Update 2005

Dec 15, 2005

Insight from Interactions™

NICE Systems Limited > T 972 9 775 3777 F 972 9 743 4282 8 Hapnina Street POB 690 E info@nice.com Ra’anana 43107 Israel

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NICE Announces Closing of ADS Offering and Underwriters’ Exercise of Over-Allotment Option

Ra'anana, Israel, December 15, 2005 - NICE-Systems Ltd. (NASDAQ: NICE), the global provider of advanced solutions that enable organizations to extract Insight from Interactions™ to drive performance, today announced that it has completed its previously announced public offering of 4,000,000 American Depositary Shares (ADSs), representing 4,000,000 Ordinary Shares, and that the underwriters have exercised in full their over-allotment option to purchase an additional 600,000 ADSs. The closing of the transactions took place yesterday, which resulted in the sale of a total of 4,600,000 ADSs at a public offering price of $46.25 per ADS. Net proceeds received by NICE were approximately $201.1 million.

J.P. Morgan Securities Inc. and Banc of America Securities LLC acted as joint book-running managers. CIBC World Markets and UBS Investment Bank acted as co-lead managers for the offering and RBC Capital Markets and William Blair & Company acted as co-managers.

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. The ADSs are only being offered by means of the prospectus included in the registration statement and the prospectus supplement related to this offering, which were filed with the Securities and Exchange Commission.

Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained from J.P. Morgan Securities Inc., Prospectus Department, One Chase Manhattan Plaza, New York, N.Y. 10081, telephone (212) 552-5164, or Banc of America Securities LLC, Prospectus Department, 100 West 33rd Street, New York, New York 10001.

Media Contact

Galit Belkind NICE Systems +1 877 245 7448 galit.belkind@nice.com

Investors Contact

Sigal Elly NICE Systems +1 877 245 7449 ir@nice.com

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