Italian Insurance Giant Fondiaria-Sai Signs $463 Million IT Services Agreement With EDS

PLANO, Texas and MILAN, Italy, Feb. 5 /PRNewswire-FirstCall/ -- EDS (NYSE: EDS) and Fondiaria-Sai Insurance Group, Italy's second largest and one of the country's oldest insurance companies, today announced a new, 10-year, $463 million agreement, signed in December 2006, for information technology (IT) infrastructure management services.

Fondiaria-Sai Insurance Group (the Group), which consists of more than 100 companies and subsidiaries offering insurance, financial services and asset management as well as real estate, agricultural and other services, selected EDS to improve the Group's productivity and help enable the flexibility needed to grow and meet market requirements. As the Group grows, its needs for secure, scalable support for connecting with its companies and subsidiaries also expand.

"As we grow and diversify, we need the IT stability, efficiency and scalability that EDS has proven it can provide that will help us move with -- and ahead of -- our dynamic market," said Fausto Marchionni, CEO of Fondiaria- Sai. "By selecting EDS, our goal is to continue our market-leading momentum for the Group and for each of our companies and subsidiaries."

With this agreement, EDS will fully manage and maintain the Group's IT infrastructure, resulting in reduced costs and modernized IT processes and foundation. This consists of the Group's mainframe and midrange computer server environment of approximately 500 midrange servers across Italy. EDS will also manage the company's communications network, transform its core software applications development, and manage and provide helpdesk support for the Group's desktop computers for more than 5,000 employee users.

"Large enterprises across the financial services industry such as Fondiaria successfully use secure EDS IT innovations to support their growth, reduce costs and improve productivity," said John Mara, vice president, Insurance, Global Financial Services Industry. "We salute Fondiaria for taking the lead with what we believe is the Italian insurance industry's first full-service IT services agreement of its kind and are committed to becoming a trusted partner as the Group continues to grow and succeed."

Joint Venture Formed

As a part of the agreement, EDS and Fondiaria-Sai Group will form a joint venture called Fondiaria-SAI Servizi Tecnologici s.r.l. The joint venture aims to consistently deliver innovative IT services and capabilities to the Group and its companies and subsidiaries that will help the Group meet its business goals.

EDS in Financial Services

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 25,000 EDS employees work on finance-related projects for about 200 customers in 30 countries.

About Fondiaria-Sai Group

Fondiaria-SAI, with written premiums above 10 billion Euro and a customer base of 9 million clients, is ranked as the second largest insurance group in Italy. Fondiaria-Sai Group is made up of 110 subsidiary and affiliated companies, operating not only in the insurance, finance and banking sectors, but also in real estate, agriculture, health, assistance and services. The Group is quoted on the Italian Stock Exchange with the parent company Fondiaria-Sai, Milano Assicurazioni, and Immobiliare Lombarda S.p.A.

Fondiaria-Sai Group distributes its products and services through a national network of over 3,500 Agencies and 1,500 Financial Advisers, while the Group's Bancassurance products are distributed through some 3,000 bank branch offices.

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.

   CONTACTS:
   Annabelle Baxter - EDS
   972 605 0978
   annabelle.baxter@eds.com

   Luca Pescarmona - EDS
   39 33 55 776 005
   luca.pescarmona@eds.com

   Press Office - Fondiaria
   +39 02-66704324
   ufficiostampa@fondiaria-sai.it