Austin, Texas, June 15 -- Computer Sciences Corporation (NYSE: CSC) announced today that it signed a multimillion dollar agreement with Manulife Financial's Boston-based U.S. Division continuing the companies' relationship of nearly a decade.

Under the new agreement, Manulife Financial licensed several CSC software products and extended its remote services contract for three years to support its block of U.S. annuity business. In addition, CSC will provide consulting services.

Manulife Financial is licensing CSC's VANTAGE-ONE(r) annuity policy administration system and the Repetitive Payment System (RPS). VANTAGE-ONE 15.0 provides a comprehensive set of functions to meet the growing needs of the annuity market, including support for nearly 1,000 investment funds at the company level, dollar-cost averaging and automated portfolio rebalancing. It interfaces seamlessly with RPS, an online, real-time system designed with advanced capabilities to process a variety of annuity products as they mature into the payout phase.

"This agreement confirms CSC's ability to provide world-class systems and service for international financial services companies of the caliber of Manulife," said Ken Williams, president, Americas Division of CSC's Financial Services Group.

The Manufacturers Life Insurance Company (Manulife Financial), Toronto, Canada, is a leading provider of financial protection products and investment management services to individuals, families, businesses and groups in selected international markets. Manulife Financial operates in 14 countries worldwide, with approximately 27,000 employees and agents. Funds under management by the company and its subsidiaries totaled Canadian $98.5 billion as of March 31, 1999.

CSC's Financial Services Group offers a comprehensive array of business and technology solutions which support the complex requirements of the evolving global financial services industry. Customers include more than 1,000 banks, insurers, investment firms, consumer finance companies and other major financial services organizations around the globe.

Computer Sciences Corporation helps clients in industry and government use information technology to achieve strategic and operational objectives. The company develops individual business solutions that are delivered by CSC's 50,000 employees in more than 700 offices worldwide in areas such as management and information technology consulting, systems consulting and integration, operations support and information services outsourcing.

Since its formation in 1959, CSC has been known for its flexibility in its relationships with clients. The company maintains numerous agreements with hardware and software technology companies and thus is able to identify and manage solutions specifically tailored to each client's needs. CSC had revenues of $7.7 billion for the twelve months ended April 2, 1999. Its headquarters are in El Segundo, California. For more information, visit the company's web site at www.csc.com.