CSC and FNB in multi million Dollar deal

Issued by CSC
Johannesburg, 17 Apr 2003

Computer Sciences Corporation SA and First National Bank have engaged in a multi-million Rand deal which will provide FNB with the latest CSC software for banking products.

The five-year US$5,3 million deal will include Hogan Umbrella software.

"CSC and FNB are also pursuing further opportunities to work together in the future and we are confident that the value of the deal could exceed the current level expected", said Martin Vergunst, managing director of CSC South Africa.

Yatin Narsai, Head of FNB Technology said the contract would help ensure that FNB remained at the cutting edge of banking systems and technology. "The ongoing investment in technology will enable FNB to continue providing a world-class banking service to its many clients in South Africa, Botswana, Namibia and Swaziland."

First National Bank

First National Bank is the retail banking arm of the FirstRand Banking Group, the banking subsidiary of the JSE-listed, FirstRand Ltd. As one of the largest banking groups in South Africa, with its headquarters in Johannesburg, FNB can trace its roots back back to 1838. The bank offers a comprehensive range of retail and commercial banking services to more than seven million customers. Its retail banking services are delivered through more than 640 outlets, 1 900 ATMs and over 25 000 point-of-sale merchant terminals. FNB also has major retail and corporate banking operations in Botswana, Namibia and Swaziland. FNB`s Card Division is the leading VISA card issuer in South Africa.

CSC SA

CSC offers the South African market a wide range of services, including Systems Integration, Application and Infrastructure Outsourcing, and Business Process Outsourcing, as well as Customer Relationship Management (CRM) and Healthcare and Financial Services Solutions. By combining international best practices with local expertise and knowledge, CSC is one of the fastest growing IT companies in South Africa. A leading IT services provider, CSC adds value through its collaborative approach to delivering fast, reliable and flexible solutions. CSC opened its doors in South Africa in November 1999 and today has offices in Johannesburg, Cape Town and Richards Bay. It is continuing to expand rapidly in South Africa and is extending its services to the rest of Africa. For more information, contact (021) 529 6500 or (011) 686 5400.

CSC

Founded in 1959, Computer Sciences Corporation is one of the world`s leading information technology (IT) services companies. CSC`s mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology. With approximately 90,000 employees, including more than 26,000 from CSC`s March 7, 2003 acquisition of DynCorp, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC`s own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $11.3 billion for the 12 months ended Dec. 27, 2002. For more information, visit the company`s Web site at www.csc.com.

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