CSC Delivers Two New Property and Casualty Insurance Software Releases: iSolutions Tools and S3+ Billing Offer New Capabilities

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ORLANDO, Fla., ACORD Conference, May 21 — Computer Sciences Corporation (NYSE: CSC) today
introduced new versions of two property and casualty (P&C) insurance software
applications, iSolutions Tools and S3+ Billing.

Both applications meet CSC’s service-oriented architecture
requirements, enabling rapid integration and implementation with clients’ existing systems.

The service-oriented architecture, which uses ACORD’s standard XML interfaces, is the
backbone of CSC’s P&C, life insurance, annuity and banking solutions.

It allows financial services firms to leverage their existing system investments across
all channels and devices to consumers, distributors and other users.

The new version of CSC’s iSolutions Tools provides an
extensive designer and builder tool-set enabling non-technical users to create
browser-based user interfaces, connections to information providers for underwriting data
and links to back-end administration systems. P&C insurers can use the tool set to
develop and test new insurance products, implement them for rating and quoting on an
agent’s desktop, and interface them to back-end systems for final processing.

The newly enhanced S3+ Billing application makes billing
functions and data available over the Web to customers and distributors, enabling insurers
to provide better customer service at lower cost. S3+ Billing enables P&C insurers to
automate their billing requirements.

“These new releases affirm CSC’s leadership and
commitment to standards such as ACORD’s,” said Ray August, executive vice president
of P&C Solutions for CSC’s Financial Services Group. “Insurers want
function-rich, flexible applications that can be rapidly implemented. These applications
use advanced technical concepts, such as our service-oriented architecture, to help
insurers solve specific business problems quickly, delivering real business value.”

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 67,000 employees in locations worldwide, CSC had
revenues of $11.4 billion for the 12 months ended March 29, 2002. It is headquartered in
El Segundo, Calif. For more information, visit the company’s Web site at