EDS Signs $700 Million Contract with Bank of America

PLANO, Texas, June 26 /PRNewswire-FirstCall/ -- EDS (NYSE: EDS) today announced a six-year, $700 million agreement to integrate the communications infrastructure for recently acquired MBNA Corporation into Bank of America's state-of-the-art voice and data network.

Once the integration is complete, Bank of America's voice and data network will connect more than 200,000 associates in 5,800 retail banking centers and 50 contact centers. Furthermore, the network will span 30 states and the District of Columbia, linking 16,700 ATMs while facilitating Internet and telephone banking services.

In February 2003, EDS began transforming Bank of America's nationwide voice and data communications infrastructure into a stronger and more flexible one-stop solution for voice and data services as part of a 10-year, $4.5 billion contract. As part of the overall managed network services agreement with Bank of America, EDS provides secure telecommunications and networking solutions using voice-over IP technology, helpdesk services for the additional contact center and credit card processing locations.

"EDS complements Bank of America's commitment to a seamless acquisition by providing the network capability to quickly and flawlessly integrate MBNA into the current infrastructure," said Tom Warsop, EDS U.S. Financial Services industry vice president. "Our deep industry expertise will ensure that Bank of America continues to deliver exceptional customer service to its customers throughout the transition period."

As part of the contract, EDS Agility Alliance partner Cisco Systems will play a key role by providing network solutions to seamlessly integrate the acquired communications infrastructure into Bank of America's state-of-the art network.

EDS in the Financial Services Industry

As a pioneer of IT services for the financial services industry, EDS provides a wide range of outsourced services from payments and securities processing to applications development and network, customer relationship management and helpdesk services to all sectors of the industry. More than 20,000 EDS employees work on finance-related projects in 30 countries.

About EDS

EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 40 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at http://www.eds.com/ .

The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward- looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS' control, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS' most recent Form 10-K. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

   Julie Hines - EDS
   972 605 7259
   julie.hines@eds.com