Austin, Texas, Oct. 4 -- Computer Sciences Corporation (NYSE: CSC) today announced that Swiss Reinsurance Corporation, Zurich, Switzerland, has signed a groupwide license agreement for CSC's reinsurance administration software, SICS/nt.

In establishing this partnership with CSC, Swiss Re will join a community of more than 70 companies on five continents using CSC's reinsurance software. SICS/nt is a client- centered application, offering support for underwriting, claims, technical accounting, retrocession and portfolio analysis/risk accumulation management in an easy-to-use, integrated package.

Swiss Re and CSC will implement the property/casualty version of SICS/nt at multiple divisions operating in Europe, Asia and Latin America.

"The implementation of SICS/nt will enable us to improve the harmonization of our data on a global basis," said Yury Zaytsev, Swiss Re's group information officer and member of the Executive Board. "This will foster the efficiency of the administrative process in our company and as a result improve the delivery of services for our clients."

"CSC is pleased that Swiss Re has chosen SICS/nt to support its reinsurance processing requirements," said David Lister, vice president and head of reinsurance solutions within CSC's Financial Services Group. "Swiss Re holds a preeminent position in the world of reinsurance and has previously developed mission-critical applications in- house. Their decision to license SICS/nt as the solution for their key administrative processes increases the acceptance of the product within the reinsurance industry at all levels."

Note to the editors:

Swiss Re is one of the world's leading reinsurers and, with over 70 offices in more than 30 countries, is represented on all continents. In the 1998 financial year, gross premium volume amounted to CHF 18 billion and the result after tax amounted to CHF 2.5 billion. During the first half year of 1999, Swiss Re achieved an excellent ordinary result of CHF 2.56 billion, a 49% increase over the same period last year. Swiss Re is rated "AAA" by Moody's and "AAA" by Standard and Poor's. For more information, visit the company's web site at www.swissre.com.

Computer Sciences Corporation helps clients in industry and government use information technology to achieve strategic and operational objectives. With 52,000 employees in more than 700 offices worldwide, the company tailors solutions from a broad suite of integrated service and technology offerings, including e-business strategies and technologies; management and I/T consulting; systems development and integration; application software; and I/T and business process outsourcing. Since its formation in 1959, CSC has been known for its flexibility in its relationships with clients. Through numerous agreements with hardware and software technology firms, the company is able to identify and manage solutions specifically tailored to each client's needs. CSC had revenues of $8 billion for the twelve months ended July 2, 1999. Its headquarters are in El Segundo, California. For more information, visit the company's web site at www.csc.com.