News Release-- February 19, 2004

CSC ACQUIRES MORTGAGE INDUSTRY UTILITY FROM FREDDIE MAC

Company Plans to Expand Default Management Services

EL SEGUNDO, Calif., Feb. 19, 2004 -- Computer Sciences Corporation (NYSE: CSC) today announced that it has purchased EarlyResolution, a default management utility, from Freddie Mac. The purchase agreement includes acquisition of the utility assets, customer contracts and intellectual property in EarlyResolution for the U.S. mortgage servicing market segment. Terms of the agreement were not disclosed.

EarlyResolution was created in 2000 by Freddie Mac in collaboration with Revolent Technologies and a consortium of banks to help mortgage servicers find effective solutions when borrowers are in default, lower collection costs associated with defaults and enable more borrowers to keep their homes when facing potential foreclosure. Users include six major servicers: Wells Fargo, Chase Home Mortgage, Indy Mac, National City Mortgage, Bank of America Mortgage and Greenpoint.

“CSC has been a technology and operations provider to Freddie Mac since the founding of EarlyResolution,” said Philip E. Comeau, vice president of non-performing loans for Freddie Mac. “CSC participated in the collaborative effort to build EarlyResolution and has continuously hosted and operated this business process hub since its inception. The ownership change will be virtually transparent to current users and, since EarlyResolution does not require major changes to legacy systems, servicers will find its business process services easy to use.”

“EarlyResolution users have achieved substantial business results, particularly in reducing foreclosure and bankruptcy rates, and call processing time,” said Jamie Jackson, managing director, mortgage lending, with CSC’s Consulting Group. “We are pleased to assume ownership of this service and see great potential for its broader adoption within the industry.”

CSC will collaborate with its clients and other vendors to expand the functionality of EarlyResolution, allowing clients to layer complementary customer-related services onto the hub. These additional services will help lenders more effectively manage the default process and support other types of consumer loan and business processes.

EarlyResolution can be used for most mortgages in a servicer’s portfolio. The Web-based utility guides loan counselors to the best possible resolution plan for delinquent loans using a linear progression of options. A rules engine factors the borrower’s willingness and ability to reinstate the mortgage against the servicer’s loss mitigation philosophy and applicable investor and guarantor requirements. The servicer defines these rules through a set of flexible and robust management controls that help enforce consistent application and construct a lasting solution to the delinquency.

The financial services mortgage segment is one of the largest consumer lending industry segments with more than $5 trillion in loans outstanding. CSC has approximately 10,000 employees dedicated to serving its financial services client base of more than 1,200 major banks, healthcare organizations, insurers and investment management and securities firms.

About CSC

Founded in 1959, Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.

With approximately 90,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $13.8 billion for the 12 months ended Jan. 2, 2004. For more information, visit the company's Web site at www.csc.com.

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