|Exhibit 1
|---------



|Material Change Report dated as of June 8, 2003,
including related press release:
|---------------------------------------------------------------------------------



|* * *
|-----



|GEAC COMPUTER CORPORATION
LIMITED
|---------------------------------



|MATERIAL CHANGE REPORT
|----------------------



|Item 1: Reporting Issuer
|------------------------



|Geac Computer Corporation Limited
      
           Suite 300, Markham Corporate Campus 
           11 Allstate Parkway 
           Markham, Ontario L3R 9T8
|------------------------------------------------------------------------------------------------------------------------------------------------------------



|Item 2: Date of Material Change
|-------------------------------



|June 8, 2003.
|-------------



|Item 3: Press Release
|---------------------



|A press release
was issued by Geac Computer  Corporation  Limited  (Geac) at Toronto on June
8, 2003 and is attached as  Appendix A hereto.
|-----------------------------------------------------------------------------------------------------------------------------------------------



|Item 4: Summary of Material Change
|----------------------------------



|In connection
with the annual review of the carrying value of goodwill as required under generally
accepted  accounting  principles and as part of the Companys year-end audit process,
Geac determined that goodwill  impairment had occurred relating to its  Interealty
business,  based on revised  future  estimates of its likely  performance.  Accordingly,
Geac will record a non-cash $16.8  million  goodwill  writedown in the fourth quarter
ended April 30, 2003.  This represents the full amount of goodwill on Geacs balance
sheet for this  business.  The earnings per share impact of the goodwill  writedown for
the year ended April 30, 2003 is expected to be  approximately  $0.21 on a fully diluted
basis.  As previously  posted on the Companys  website,  Geac will release its results
for the  year ended April 30, 2003 on June 25, 2003.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Item 5: Full Description of Material Change
|-------------------------------------------



|The full
description of the material  change is set out in the press release issued by Geac and
attached hereto which is  incorporated by reference herein.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------



| |  | 
| |  | 



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|Item 6: Reliance on Section 75(3) of the Ontario Securities
      Act or Equivalent Provisions
|----------------------------------------------------------------------------------------------



|Not applicable.
|---------------



|Item 7: Omitted Information
|---------------------------



|Not applicable.
|---------------



|Item 8: Senior Officers
|-----------------------



|For further
information,  please contact Craig C. Thorburn, Senior Vice President, Mergers & Acquisitions,
and Corporate  Secretary at the above-noted address or at 416.863.2965.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Item 9: Statement of Senior Officer
|-----------------------------------



|The foregoing,
together with attachments, accurately discloses the material change referred to herein.
|------------------------------------------------------------------------------------------------------



|DATED at Toronto,
Ontario as of the 8th day of June, 2003.
|----------------------------------------------------------



| | GEAC COMPUTER CORPORATION LIMITED
| | ---------------------------------
| |                                  
| | By:                              
| |                                  







| |  | 
| |  | 



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|Appendix A
|------------

|News Release
|------------

---



|GEAC TO TAKE NON-CASH GOODWILL
IMPAIRMENT CHARGE RELATING TO ITS INTEREALTY BUSINESS
|------------------------------------------------------------------------------------



|MARKHAM, Ontario - June 8, 2003 - In connection
with the annual review of the carrying value of goodwill as required under generally
accepted accounting principles and as part of the Companys year-end audit process, Geac
(TSX: GAC) today determined that goodwill impairment had occurred relating to its
Interealty business, based on revised future estimates of its likely performance.
Accordingly, Geac will record a non-cash $16.8 million goodwill writedown in the fourth
quarter ended April 30, 2003. This represents the full amount of goodwill on Geacs
balance sheet for this business. The earnings per share impact of the goodwill writedown
for the year ended April 30, 2003 is expected to be approximately $0.21 on a fully
diluted basis. As previously posted on the Companys website, Geac will release its
results for the year ended April 30, 2003 on June 25, 2003.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|About Geac 
      Geac (TSX: GAC) is a global enterprise software company for business performance
      management, providing customers worldwide with the core financial and operational
      solutions and services to improve their business performance in real time.
      Further information is available at http://www.geac.com or through
      e-mail at info@geac.com
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Forward-Looking Statements This press release
contains forward-looking statements based on current expectations. Important factors
that could cause a material difference between these forward-looking statements and
actual events include those set forth under the heading Risk Factors in
Geacs Registration Statement on Form F-4 filed with the United States Securities and
Exchange Commission, copies of which are available through the website maintained by the
Commission at www.sec.gov and through the website maintained by the Canadian Depository
for Securities Limited at www.sedar.com.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Contact Information Arthur Gitajn, Chief
Financial Officer Telephone: 905.475.0525 x3314 Email: a.gitajn@geac.com
|-----------------------------------------------------------------------------------------------------------------



| |  | 
| |  | 



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