BANCORPSOUTH, LANDMARK SELECT FINETRE FOR ELECTRONIC ANNUITY PROCESSING

South-central financial holding company and integration services partner to deploy
AnnuityNet Platform to reduce advisors’ order-entry time, increase processing
efficiency, and bolster compliance automation

HERNDON, VA • September 25, 2007 – Finetre – a division of Ebix, Inc. (NASDAQ:
EBIX) announced today BancorpSouth’s agreement to deploy Finetre’s industry-leading
AnnuityNet Platform to its advisors as part of the firm’s efforts to provide state-of-the-art
annuity sales and suitability compliance reporting. The implementation will be overseen by
Landmark Technology Partners.

Finetre provides Web-based annuity and life insurance automation platforms known as
AnnuityNet and LifeSpeed. The platforms operate under a SaaS (Software as a Service)
business model and enable annuity and life insurance distributors to automate the
processing of annuity and life insurance transactions. Finetre’s client base includes major
US wirehouse broker/dealers, clearing firms, and insurance carriers.

BancorpSouth, a leading financial holding company in the south-central US, is well-known
for its rapid expansion of both the firm’s regional footprint and provision of services. The
firm explored annuity sales management solutions and chose Finetre for its industry
expertise and long history of superior technology deployments. The AnnuityNet
implementation is expected to be completed quickly and be in production March 2008.

“BancorpSouth’s goal is to gain considerable advantages in sales efficiency, compliance, and
business control of our annuity operations,” said Thomas Howard, president of
BancorpSouth Investment Services, Inc. “Finetre’s reliability, low error rates, and
commitment to the financial services industry impressed us. We are confident that our use
of AnnuityNet can help us better serve our clients by putting best-of-breed annuity
processing and suitability tools in the hands of our Insurance Representatives,” said Tom
Murry, managing director of BancorpSouth Insurance Services, Inc.

The AnnuityNet implementation will be overseen by Landmark, a Massachusetts-based
technology firm providing systems consulting support to BancorpSouth. Landmark, which
provides Sales and Process Automation, Account Aggregation and Compliance and reporting
software to more than ten regional US banks through its BankBroker product, views

Finetre’s AnnuityNet as a key value-added service that will help its clients expand their
business through state-of-the-art annuity sales and suitability compliance reporting.

“AnnuityNet is a natural fit with our Gateway technology,” said Bruce Graham, executive
director for Landmark. “AnnuityNet will augment the many electronic account processing
capabilities that we currently provide to banks, broker/dealers, and clearing firms.”

“We are extremely pleased that BancorpSouth and Landmark have chosen us,” said Steve
Dunlap, president of Finetre. “We expect our relationship with them to further expand our
support of the banking industry, which is an important part of the collective financial
services market that we service.”

About Finetre

Founded in 1997, Finetre is the division of Ebix, Inc. that focuses on transaction processing
and compliance automation for the financial services industry. Finetre’s AnnuityNet
Platform currently processes approximately 15,000 annuity transactions with a total value of
nearly $1.5 billion for more than 20 brokerage firms each month over the Internet.
Finetre’s parent company, Ebix, Inc., is a publicly-held corporation (NASDAQ symbol:
“EBIX”). For more information, visit http://www.finetre.com.

About BancorpSouth

Headquartered in Tupelo, Mississippi, BancorpSouth, Inc., (NYSE: BXS) is a $13.2 billion
financial holding company that operates 290 commercial banking, mortgage, insurance,
trust and broker/dealer locations in Alabama, Arkansas, Florida, Louisiana, Mississippi,
Missouri, Tennessee and Texas with a staff of approximately 4,000 full-time employees.
BancorpSouth and its subsidiaries provide, in addition to traditional banking services,
mortgage origination and servicing, student loans, leasing, credit card, trust and fiduciary
services, brokerage, investment and insurance services. For more information, visit
http://www.bancorpsouth.com.

Investment products, including variable annuities, are offered by BancorpSouth Investment
Services, Inc. Insurance products are offered by BancorpSouth Insurance Services, Inc.
Both are wholly owned subsidiaries of BancorpSouth Bank. Investment and Insurance
products are: NOT FDIC Insured – No Bank Guarantee – May Lose Value.

About Landmark Technology Partners

Landmark provides the financial services market with end-to-end solutions for contact
management, account aggregation, electronic form/account processing, workflow and
commissions. Landmark specializes in solving front, middle and back-office challenges
efficiently.

About Ebix

Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the
insurance industry. Ebix provides a series of application software products for the insurance
industry ranging from carrier systems, agency systems and exchanges to custom software
development for all entities involved in the insurance and financial services industries.

Ebix strives to work collaboratively with clients to develop innovative technology strategies
and solutions that address specific business challenges. Ebix combines the newest
technologies with its capabilities in consulting, systems design and integration, IT and
business process outsourcing, applications software, and Web and application hosting to
meet the individual needs of organizations.

With bases in Singapore, Australia, the US, New Zealand, India and Canada, Ebix employs
insurance and technology professionals who provide products, support and consultancy to
more than 3,000 customers on six continents. Ebix’s focus on quality has enabled it be
awarded Level 5 status of the Carnegie Mellon Software Engineering Institute’s Capability
Maturity Model (CMM). Ebix has also earned ISO 9001:2000 certification for both its
development and call center units in India. For more information, visit
http://www.ebix.com.