Directorate Change

    EDS Releases Details of Former Chairman and CEO Dick Brown's Severance 
                                                             
    PLANO, Texas, March 21 -- In connection with the 
management change announced yesterday, EDS (NYSE: EDS) today reported the 
financial impact of its obligations under former Chairman and CEO Dick Brown's 
employment agreement.  The agreement, entered into in December 1998, was part 
of attracting Mr. Brown to EDS from Cable and Wireless plc. 
    The principal components of the severance obligation are as follows: 
    --  $12.4 million in a cash payment. 
    --  Vesting of 344,000 previously awarded deferred stock units valued at   
        $5.4 million, based on yesterday's closing price of $15.77.  
    --  Retirement benefits with a present value of $19.6 million, to be paid  
        in monthly installments.  These benefits were scheduled to vest in   
        December 2003.  
    --  Continuation of certain other benefits and acceleration of unvested  
        stock options. 
 
    As a result of the severance obligation, EDS will record a one-time 
compensation expense of approximately $.06 per share in the first quarter of 
2003.  
 
    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 60 countries.  EDS reported revenues of $21.5 billion in 2002.  
The company's stock is traded on the New York Stock Exchange and the London 
Stock Exchange.  Learn more at www.eds.com . 
 
     CONTACT: 
     Jeff Baum  
     972-797-9495 
     [e-mail]  
 
SOURCE  Electronic Data Systems Corporation 
    -0-                             03/21/2003 
    /CONTACT:  Jeff Baum of Electronic Data Systems Corporation,  
[phone], or [e-mail] / 
    /FCMN Contact: / 
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    (EDS) 
 




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