News Release-- July 20, 2001

GE CARD SERVICES CHOOSES CSC’S REMITTANCE PROCESSING SYSTEM UNDER $27-MILLION DEAL

EL SEGUNDO, Calif., July 20 -- Computer Sciences Corporation (NYSE: CSC) announced today that GE Card Services, a business unit of GE Capital Services, has selected CSC’s RPS-NT image-based remittance processing system. Under the agreement, CSC will implement the RPS-NT system at all three GE Card Services payment processing operations centers and provide hardware and software maintenance. The contract is valued at $27 million if all options are exercised over a five-year period.

This month, Card Services completed final acceptance of the first installation at its operations center in Orlando, Fla., following two months of assessment in a production environment. Installations at the other two operations centers are scheduled for later this year.

“With more than 100 million accounts, GE Card Services is the nation’s largest private-label credit card servicing organization,” said Elmer Lentz, director of Integration and Technology for GE Card Services. “When RPS-NT is implemented at all our operations centers, we will use it to process nearly 30 million payments each month. CSC will enable us to reduce our costs, improve operator productivity and increase processing speed.”

RPS-NT includes a centrally located image archive facility that will store and enable access to transaction data and images from all GE Card Services operations. The system incorporates CSC’s Image Character Recognition (ICR) technology for automatically reading handwritten data on checks and “amount paid” fields on payment coupons. CSC’s ICR capability has more than doubled the number of payments Card Services is able to process, while keeping errors below the level typical of manual keying operations.

“GE Card Services is widely regarded as a technology innovator in financial services applications,” said David Blanton, executive vice president of Banking Solutions for CSC’s Financial Services Group in the Americas. “The decision to deploy the RPS-NT system underscores Card Services’ commitment to improving operational performance for its credit card customers.”

About GE Card Services

GE Card Services, a business unit of GE Capital, is a leader in providing credit services to retailers and consumers. Formed in 1932 as a provider of consumer financing for GE Appliances, GE Card Services provides private-label credit cards, commercial programs and card-related financial services for hundreds of retailers and manufacturers across North America. GE Card Services also issues and services corporate cards for commercial customers, including purchasing, travel and fleet vehicle cards.

GE Card Services offers clients a full range of operational, financial and analytic support, and develops customized marketing programs designed to increase sales and customer loyalty. This philosophy of partnership has helped it grow to nearly $24 billion in total assets and to serve more than 100 million cardholders.

A wholly owned subsidiary of General Electric Company, GE Capital, with assets of over $370 billion, is a global, diversified financial services company with 24 specialized businesses. GE is a diversified services, technology and manufacturing company with a commitment to achieving customer success and worldwide leadership in each of its businesses. For more information, visit the company’s Web site at www.ge.com

About CSC

Computer Sciences Corporation, one of the world’s leading consulting and information technology (IT) services firms, helps clients in industry and government achieve strategic and operational results through the use of technology. The company’s success is based on its culture of working collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges.

Having guided clients through every major wave of change in information technology since 1959, CSC combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of global corporations and organizations. With nearly 68,000 employees in locations worldwide, CSC had revenues of $10.5 billion for the 12 months ended March 30, 2001. It is headquartered in El Segundo, California. For more information, visit the company’s Web site at www.csc.com