Sal. Oppenheim Signs IT Outsourcing Contract Extension With EDS

Delivery quality and successful collaboration key factors for five-year contract extension

PLANO, Texas, Aug. 6 -- EDS today announced that Sal. Oppenheim jr. & Cie., Europe's leading private bank, has extended its information technology (IT) outsourcing contract with EDS for five years. The contract extension covers the management of Sal. Oppenheim's existing IT infrastructure at all locations. Since 1997, EDS has managed and operated the entire Sal. Oppenheim IT infrastructure.

"We have placed our IT in EDS' hands for more than 10 years," said Siegfried Grohs, managing director product services & operations at Sal. Oppenheim. "As a bank, it is extremely important to have an IT partner that secures the reliability of our processes and transactions."

EDS is responsible for managing workplace services at Sal. Oppenheim, which includes local employee support, voice, video and information services for more than 2,200 users. EDS will also continue to manage Sal. Oppenheim's information storage, servers and mainframe computers, as well as the company's communications network. Services also cover IT procurement, housing and services for terminal servers, document management and the bank's SAP human resources system.

"Sal. Oppenheim's decision to extend its agreement with EDS confirms our excellent collaboration and our successful relationship as business allies," said Jens-Uwe Holz, EDS regional vice president for EMEA Central. "I am certain that we will continue to make an important contribution to Sal. Oppenheim's success."

Several EDS Agility Alliance partners will provide services to Sal. Oppenheim as a part of this agreement. The EDS Agility Alliance is a coalition of companies globally recognized for their quality, products and value to clients. Its mission is to innovate, develop and deliver the EDS Agile Enterprise Platform -- EDS' next-generation global delivery system. Together, EDS and its Agility Alliance partners collaborate to design, build and run a market-leading services platform and develop technology-based services to deliver tangible client results. EDS Agility Alliance partners include Cisco, EMC, Microsoft, Oracle, SAP, Sun Microsystems and Xerox.

Some 25,000 EDS employees work on finance-related projects for about 200 customers in 30 countries for clients such as ABN Amro, Aon, Bank of Canada, Bank of Queensland, la Caixa, CIBC, Commonwealth Bank Group, KBC, Korea First Bank, Lloyds TSB, Royal Bank of Scotland, Societe Generale, Visa and Westpac.

About Sal Oppenheim jr. & Cie.

Sal. Oppenheim jr. & Cie. is the largest independent private bank in Europe, with supervisory equity of euro 2.2 billion and total assets of euro 41.1 billion. Since being founded in 1789, the bank has been owned by the family. The focus of operations at Sal. Oppenheim is asset management and investment banking. The Asset Management division services private and institutional investors. In Investment Banking the core competencies are in the areas of Corporate Finance and Financial Markets. (http://www.oppenheim.de/).

About EDS

EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 46 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at http://www.eds.com/.

   CONTACTS:
   Annabelle Baxter -- EDS              Corinna Stoff -- EDS Germany
   972 605 0978                         06142/80-3507
   annabelle.baxter at eds.com             corinna.stoff at eds.com