SKF outsources internal IT services and business application development to EDS

SKF outsources internal IT services and business application development to EDS SKF and EDS today announced that SKF, the world's leading supplier of bearings and seals, has awarded EDS a seven-year contract to provide SKF with information technology (IT) and internal IT services including business application development services. The value of the contract is above SEK 1 billion a year. SKF is outsourcing all its internal IT services and giving EDS the global responsibility for these services. The agreement is one of the steps SKF is taking in outsourcing activities it does not have to perform itself and that reduces the Groups costs. Approximately 700 SKF IT employees in 39 countries at 85 locations will transition to EDS. "We are delighted to have EDS as a partner in the improvement and refinement of our information technology operations, which will allow us to focus on our core competencies," said Gunnar Gremlin, executive vice president and head of IT strategy and services for SKF. "EDS has a long, proven track record of delivering top-class IT services worldwide. We acknowledge EDS' expertise in developing, integrating and maintaining IT services with outstanding quality and security." SKF's technology infrastructure includes mainframe and midrange data processing environments, as well as an extensive wide area network (WAN) and approximately 14,000 desktop computers linked by numerous local area networks (LANs). "We are pleased to assist in driving SKF's continued success around the world, and we welcome our 700 new professionals to a world of opportunity," said John Meyer, president, EDS Europe, Middle East & Africa. "Today's agreement is a powerful testament to SKF's dedication to quality and to EDS' commitment to service excellence. We look forward to reducing SKF's infrastructure costs, supporting its growth and improving its competitiveness." Göteborg and Plano, Texas, June 29, 2001 Aktiebolaget SKF EDS (publ) For further information, please contact: Lars G Malmer, SKF Group Communication, tel +46-(0)31-3371541, e-mail: Lars.G.Malmer@skf.com Doug DeLay, EDS USA, tel +1-972-797 3656, e-mail: doug.delay@eds.com Luca Pescarmona, EDS Europe, tel +39-02-25 24 322, e-mail: luca.pescarmone@eds.com Aktiebolaget SKF, SE-415 50 Göteborg, Sweden, tel +46-31-3371000, fax +46-31-3372832, www.skf.com About SKF SKF is the leading global supplier of products, customer solutions and services in the rolling bearing and seals business. The Group's efforts in the area of research and development have led to a growing number of innovations that have created new standards and new products in the bearing world. SKF has 80 manufacturing sites distributed over the world. With its own sales companies in 70 countries, supported be some 7 000 distributors and dealers worldwide, its e-business marketplace and global distribution system, SKF is always close to its customers. SKF has 40 000 employees and yearly sales of some 40 billion SEK. Stocks are traded at Stockholm's, London's, Paris, Zurich's stock exchanges as well as NASDAQ in the US. Learn more at www.skf.com. About EDS EDS, the leading global services company, provides strategy, implementation and hosting for clients managing the business and technology complexities of the digital economy. EDS brings together the world's best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers' trust and continuously seek improvement. EDS, with its management consulting subsidiary, A.T. Kearney, serves the world's leading companies and governments in 55 countries. EDS reported revenues of $19.2 billion in 2000. The company's stock is traded on the New York Stock Exchange (NYSE: EDS) and the London Stock Exchange. Learn more at www.eds.com. # # # The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS' control, that could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS' most recent Form 10-K. EDS disclaims any intention or obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. EDS does not announce the existence of specific contracts prior to client approval of the announcement. Accordingly, the value of an announced contract may have previously been reflected in EDS' aggregate new contract signings reported for a prior period. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/06/29/20010629BIT00460/bit0001.doc http://www.bit.se/bitonline/2001/06/29/20010629BIT00460/bit0001.pdf