CSC Signs $50 Million Applications Outsourcing Contract Extension With John Hancock Financial Services

CSC Supports Wealth Management Applications for One Million Annuities and

Positions John Hancock for Growth

Jan 10, 2007, 00:00 ET from Computer Sciences Corporation

    EL SEGUNDO, Calif., Jan. 10 /PRNewswire-FirstCall/ Computer Sciences
 Corporation (NYSE:   CSC) today announced that John Hancock Financial
 Services, a division of Manulife Financial, has extended its applications
 outsourcing contract with CSC for two more years, through May 2011. The
 newly negotiated contract provisions have an estimated total contract value
 exceeding $50 million and cover services to be delivered during the next
 four years.
     CSC will continue to provide John Hancock's U.S. Wealth Management
 Division with applications and infrastructure support for the
 administration of more than one million fixed and variable annuity
 policies. Services include applications development and maintenance,
 mainframe infrastructure support, 24x7 help desk support, and network
 connectivity between CSC and John Hancock's Operation Center.
     CSC has supported John Hancock's annuity products since 1987, enabling
 the company to focus on product development and distribution. Through other
 agreements, John Hancock uses CSC's VANTAGE-ONE administration platform for
 its core wealth management products and CSC's Distribution Support System
 to manage agent/broker incentive compensation.
     "As John Hancock continues to introduce innovative retirement products,
 we want to ensure our systems are competently supported and meeting the
 needs of our customers," said Jim Boyle, president of John Hancock Wealth
 Management. "Our relationship with CSC gives us that peace of mind."
     "We've proven we have the skill and expertise to deliver business
 results to John Hancock, one of the most respected names in the insurance
 industry," said Michael W. Risley, president of the Life and Annuity
 division of CSC's Financial Services Group. "A leader in financial services
 outsourcing, CSC in the United States alone provides sourcing for seven
 million annuities and life insurance policies."
     CSC's applications outsourcing clients can access a network of more
 than 35,000 CSC applications professionals at 50 centers in 21 countries.
 Through CSC's world sourcing model, which delivers world-class expertise
 from cost-effective sources, the company offers clients around-the-clock,
 seamless staffing from its global technology centers.
     In India, for example, more than 5,000 CSC professionals in Noida,
 Indore, Chennai and Hyderabad provide applications services, information
 technology (IT) infrastructure services, financial software services,
 enterprise solutions and business process outsourcing. CSC's applications
 management services team, which specializes in the insurance industry, is
 trained in CSC's intellectual property and certified at Level 5 of the
 Software Engineering Institute's Capability Maturity Model.
     About John Hancock and Manulife Financial
     John Hancock is a wholly-owned subsidiary of Manulife Financial
 Corporation, a leading Canadian-based financial services group serving
 millions of customers in 19 countries and territories worldwide. Operating
 as Manulife Financial in Canada and Asia, and primarily through John
 Hancock in the United States, the Company offers clients a diverse range of
 financial protection products and wealth management services through its
 extensive network of employees, agents and distribution partners. Funds
 under management by Manulife Financial and its subsidiaries were Cdn$381
 billion (US$341 billion) as at September 30, 2006.
     The John Hancock unit, through its insurance companies, comprises one
 of the largest life insurers in the United States. John Hancock offers a
 broad range of financial products and services, including universal life
 insurance, variable life, term life and whole life, as well as college
 savings products, fixed and variable annuities, long-term care insurance,
 mutual funds, 401(k) plans and various forms of business insurance.
     About CSC
     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 78,000 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 $14.6 billion for the 12 months
 ended Sept. 29, 2006. For more information, visit the company's Web site at

SOURCE Computer Sciences Corporation