EL SEGUNDO, Calif., June 1, 2004 - Computer Sciences Corporation (NYSE: CSC) announced today that the company has signed a 10-year agreement to provide Sears, Roebuck and Co. (NYSE: S) with state-of-the-art information technology (IT) infrastructure support services. CSC estimates the value of the agreement to be approximately $1.6 billion over the term of the contract.

Under the agreement, CSC will provide desktop, server, voice and data network support, as well as services for systems supporting Sears-related Web sites and decision-support technology. Sears will retain responsibility for overall technology standards, architecture and service policies.

"We are very pleased to enter into this important agreement with a global retail leader of the stature of Sears," said CSC Chairman and Chief Executive Officer Van B. Honeycutt. "We look forward to applying CSC’s experience, as well as our best practices, process excellence, proven methodologies and continuous innovation, to help Sears achieve its business vision."

The agreement will allow Sears to focus on its core retail and related services systems while providing improved capabilities coupled with the opportunity for significant operational and cost efficiencies.

"We believe this strategic relationship will be a win-win for Sears and CSC," said Sears Chief Information Officer Gerald F. Kelly, Jr. "By working with CSC, Sears will have access to leading-edge technology that allows us to better serve our customers. As a multinational retail and related services company, there’s a significant advantage to Sears to have these services provided by a world-class technology partner like CSC."

Approximately 200 Sears associates currently manage the company’s technical infrastructure. Under the agreement, the majority are expected to begin transferring to CSC beginning June 12.

About Sears

Sears, Roebuck and Co. is a leading broadline retailer providing merchandise and related services. With revenues in 2003 of $41.1 billion, the company offers its wide range of home merchandise, apparel and automotive products and services through more than 2,300 Sears-branded and affiliated stores in the U.S. and Canada, including approximately 1,000 full-line stores and 1,300 specialty stores. Sears also offers a variety of merchandise and services through sears.com, landsend.com, and specialty catalogs. Sears is the only retailer where consumers can find each of the Kenmore, Craftsman, DieHard and Lands' End brands together - among the most trusted and preferred brands in the U.S. The company is the largest provider of product repair services with more than 14 million service calls made annually.

About CSC

Founded in 1959, Computer Sciences Corporation is a leading global IT services company. 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, 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 $14.8 billion for the 12 months ended April 2, 2004. For more information, visit the company’s Web site at www.csc.com.

Mike Dickerson
Director, Media Relations
Corporate
310.615.1647
Email  mdickers@csc.com
 
 
Chris Brathwaite
Director, Media Relations
Sears, Roebuck & Co.
847.286.4681