Perot Systems to Manage CVS Data Center and Establish New England Regional Site to Support Healthcare Customers

Thursday, August 12, 2004

PLANO, Texas and WOONSOCKET, R.I., Aug. 12 /PRNewswire-FirstCall/ -- Perot Systems Corporation (NYSE: PER) and CVS Corporation (NYSE: CVS) today announced that the companies have signed a multi-year contract to have Perot Systems manage Data Center services for the national retail pharmacy company.

Under terms of the agreement, Perot Systems will provide data center services at the CVS headquarters location including: computer operations, systems administration, production scheduling and monitoring. Perot Systems will offer full-time employment to all of the approximately 60 Woonsocket, Rhode Island, CVS employees who currently perform these services for CVS. In addition, the Woonsocket facility will become the Northeast Technology Center serving multiple Perot Systems' Healthcare customers.

"Perot Systems is very proud to join with CVS Corporation, a company that has leveraged technology investments as a key part of its successful growth strategy," said Chuck Lyles, Perot Systems vice president and Healthcare group leader.

"Perot Systems has a proven track record in supporting the technology needs of the healthcare industry. CVS will realize true benefits of this expertise through continued excellence in execution in a more efficient and cost-effective manner," said Karl Taylor, senior vice president and chief information officer of CVS.

With the management of the Woonsocket data center, Perot Systems will expand its presence in Rhode Island and deepen its technology resources in the area.

"We are committed to continued business development that will further establish Rhode Island as a center of technology expertise in the New England area," Lyles said. "The Perot Systems -- CVS agreement is a significant, positive event towards realization of that goal."

About Perot Systems

Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2003 revenue of $1.5 billion. The company has more than 14,000 associates located in North America, Europe, and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com .

This press release contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "forecasts," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions. Actual events or results may differ materially. Please refer to our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2003, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov , for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.