London Business School's Professor of Organizational Behavior/Associate Dean of MBA Program Joins Exult's Advisory Council

Business Wire, July 31, 2000

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--July 31, 2000

Exult, Inc. (Nasdaq:EXLT), a provider of web-enabled integrated services designed to manage the entire human resources function for Global 500 corporations, today announced that Lynda Gratton, professor of organizational behavior and associate dean of the MBA program at the London Business School, has joined the Exult Advisory Council (EAC). The goal of the EAC is to harness the HR and IT thought leadership possessed by its members to further Exult's ability to deliver HR best practices and continuous process improvement.

Said Jim Madden, Exult's chairman, president and CEO, "The addition of Lynda to our Advisory Council - coupled with the addition of Nick Starritt, Group VP of HR for BP Amoco, announced recently - brings critical UK perspectives to our Council. We are privileged to be able to gain the knowledge possessed by such a renowned HR luminary in the academic and business worlds as Lynda."

Lynda Gratton directs the London Business School's highly successful Human Resources Strategy Program and is acknowledged as one of the world's authorities on human resource strategy. She is co-author of Human Resource Strategy: Corporate Rhetoric and Individual Reality, based on an eight-year research program at London Business School. Her most recent book, Living Strategy: Putting People at the Center of Corporate Strategy, will be published in 2000.

The EAC's primary objectives are:

1. Thought leadership: provide an avenue for the introduction of new

ideas, concepts and HR and IT best practices

2. New services: provide recommendations on the efficacy of new

service offerings and service delivery approaches

3. Quality assurance: review and comment on client quality assurance

programs

4. Market testing: act as a forum for the solicitation of market

requirements and new industry developments

Other members of the Exult Advisory Council include:

-- Sharon Garrett, CEO of Zyan Communications (former SVP and CIO, Walt Disney
Company)

-- Bob Gunn, Founder, Gunn Partners

-- Dr. Jac Fitz-Enz, Founder, Saratoga Institute

-- Sharon Garrett, CEO of Zyan Communications (former SVP and CIO, Walt Disney
Company)

-- Bob Gunn, Founder, Gunn Partners

-- Bill Pade, Director and Managing Partner, Silicon Valley office,

McKinsey & Co

-- Sharon Garrett, CEO of Zyan Communications (former SVP and CIO, Walt Disney
Company)

-- Bob Gunn, Founder, Gunn Partners

-- Pat McNally, former Regional Industry Managing Partner, Andersen

Consulting

-- John Phippen, former CIO, Mattel, Inc.

About Exult, Inc.

Headquartered in Irvine, California, Exult, Inc. (Nasdaq:EXLT), offers eHR, a comprehensive, web-enabled integrated service designed to manage the entire human resources department for Global 500 corporations. The company's strategy is to transform Global 500 HR departments into proactive, global, knowledge-based organizations through a browser-based, personalized HR portal. The company believes its portal, in conjunction with its client service centers and centers of expertise, has the potential to transform the employee's perception of the HR function, create new bonds between employer and employee, and promote employee self-service to manage many aspects of employees' professional and personal lives. For more information, visit Exult's web site at: www.exult.net; 949/250-8002.

About London Business School

Founded in 1965, London Business School aims to be the most important and respected international business school, generating work and ideas that will have a powerful, lasting and world-wide impact on the learning and practice of management by key business leaders.

For further information about London Business School please contact:

Joan Concannon/Helen Price/Sarah Rudram Tel: 44 (0) 20 7706 6866/7706 6865/7706 6972, Fax 44 (0) 7724 8433 Email: jconcannon@london.edu, hprice@london.edu, srudram@london.edu