Manulife USA and CSC Debut New E-Commerce Capabilities

Enhanced Architecture Facilitates Online Insurance Transactions and Improved Back-Office Functionality

EL SEGUNDO, Calif., March 14 /PRNewswire/ -- Computer Sciences Corporation (NYSE: CSC) today announced that it has implemented major information systems enhancements for the U.S. Annuities Division of The Manufacturers Life Insurance Company (USA), a subsidiary of Manulife Financial Corporation (NYSE: MFC) of Toronto, Ontario.

The enhancements include new e-commerce capability and improved workflow management. With the new e-commerce framework, Manulife USA's clients and brokers can now process key online transactions over the Internet, including fund transfers, rebalances and fund allocation changes.

CSC designed and implemented the framework and integrated it with CSC's image-enabled workflow management system, Automated Work Distributor (AWD(R)), and VANTAGE-ONE(R) annuity administration system. AWD streamlines Manulife's processing, and VANTAGE-ONE provides industrial-strength transaction support.

To implement AWD, a CSC/Manulife team converted 6.4 million transactions, 3.5 million images and 5.2 million text and data elements from a legacy imaging system. Connectivity to VANTAGE-ONE is accomplished through CSC's open transaction architecture component.

"We needed to improve the stability of our infrastructure, create a sound platform to improve our administrative operations and find a long-term architecture to underpin our strategic platforms," said Mark Rizza, vice president, Information Systems, Manulife USA. "CSC has been with us every step of the way, delivering an integrated suite of products customized for our unique requirements."

"Manulife USA is driven by the desire to provide quality service to our clients," said Jim Boyle, president, U.S. Annuities for Manulife USA. "Pushing real-time financial transaction processing out to the Internet, and integrating that capability with our workflow and core processing systems, enables us to enhance customer service and responsiveness while improving productivity."

"CSC was able to help Manulife USA meet this milestone through our ability to plan, build and operate total business and IT solutions," said Jim Cook, president of CSC's Financial Services Group. "Through CSC's relationship with Manulife USA and other leading financial services firms, we continue to expand our capabilities, industry experience, application software portfolio and collaborative approach to delivering the best total solution."

About Manulife Financial

Manulife Financial is committed to offering the highest quality annuity, life insurance, pension and tax-deferred college savings products to its U.S. clients. Its family of products has been built around a powerful combination of investment options chosen with the goal of providing risk-adjusted returns and broad diversification across asset classes, investment styles and asset managers. With its broad product lines, competitive underwriting, excellent ratings and quality customer service, Manulife Financial is dedicated to providing quality products designed to help create and preserve wealth for its clients.

Manulife Financial is a leading Canadian-based financial services company operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial (Manulife Financial Corporation and its affiliated companies) were US$89.3 billion (Cdn$142.2 billion) at Dec. 31, 2001.

Manulife Financial Corporation trades as "MFC" on the TSE, NYSE and PSE, and under "0945" on the SEHK. Manulife Financial can be found on the Internet at www.manulife.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 some 68,000 employees in locations worldwide, CSC had revenues of $11.3 billion for the 12 months ended Dec. 28, 2001. It is headquartered in El Segundo, Calif.

For more information, visit the company's Web site at www.csc.com.