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WageWorks Appoints Joe Jackson as Chief Executive Officer

SAN MATEO, CA – February 26, 2007 – WageWorks, the nation's largest provider of tax-advantaged benefits programs, today announced the appointment of Joe Jackson as chief executive officer, effective today. Jackson succeeds Jon Kessler, founder and chairman of WageWorks, who has served as interim chief executive officer since July of 2006. Kessler will continue to serve as Executive Chairman of the company.

Jackson has nearly 25 years of experience in the financial services industry with First Data Corporation, one of the world's largest payment processing companies. He was most recently President of Western Union Global Payment Services, a subsidiary of First Data. Prior to that, he was President of First Data Europe, based in London. Early in his career, Jackson served in a number of increasingly senior services, sales, and sales management positions with First Data.

"Joe Jackson has a fantastic track record of leading and growing large, consumer-oriented financial services businesses," said Jon Kessler, executive chairman of WageWorks. "Throughout every phase of his career, Joe has taken a customer-centric approach that puts client and participant success at the top of the business agenda. As a result, he is an ideal fit for WageWorks and will be invaluable in making even more working families and employers aware of the tremendous benefits of WageWorks' tax-advantaged benefits programs and helping them maximize their value. We look forward to working with Joe to propel WageWorks to even greater heights of success."

"I'm tremendously impressed with WageWorks' unparalleled efforts in helping working families achieve greater wealth and well-being through consumer-driven health, wellness, child care, commuting, and education benefit programs," said Joe Jackson, CEO, WageWorks. "The company has made fantastic strides in making American consumers and many of the country's largest companies embrace the immense value of its tax-advantaged spending accounts. I look forward to the opportunity of taking that success to the next level by focusing on people, products, and services that further cement WageWorks' reputation as the nation's first and best choice for benefits administration."

WageWorks has experienced significant growth since its inception in 2000. The company has been named to Inc. magazine's annual list of America's 500 fastest growing private companies for two consecutive years. In 2004, the company ranked No. 26.

About WageWorks
Founded in 2000, WageWorks provides tax-advantaged health, wellness, child care, commuting, and education benefits. More than 100 of America's Fortune 500 employers and millions of their benefits-eligible employees use WageWorks' programs. As the cost of living continues to rise and more health care costs are pushed to employees, WageWorks seeks to eliminate barriers to benefit participation so working families can save money and improve their overall well-being.

WageWorks provides easy-to-use benefits programs that help save time, and educational tools and resources to increase employees' knowledge and understanding of their family's health care and financial needs.

WageWorks is headquartered in San Mateo, CA., with offices in New York, Chicago, Washington, D.C., Phoenix, Ariz., Mequon, WI., and Troy, MI. For more information, please visit www.wageworks.com.

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