Bethlehem Renews Agreement with Electronic Data Systems For Complete Range of Information Services

Business Wire, June 11, 2002

Business Editors

BETHLEHEM, Pa.--(BUSINESS WIRE)--June 11, 2002

Bethlehem Steel Corporation and Electronic Data Systems (EDS) announced today that they are extending their information technology agreement. Under the extended agreement, EDS will continue to provide all of Bethlehem's information technology services until December 31, 2007.

The agreement covers services for data center management, applications development and support, personal computers, telecommunications and resources for Bethlehem's existing process control activities.

"EDS has proven to be a world-class provider of innovative technology solutions. The agreement will provide us the necessary information technology support to maintain ongoing operations and gives us the flexibility to pursue our restructuring plan," said Robert S. Miller Jr., Bethlehem Steel Corporation's chairman and chief executive officer.

"EDS is pleased to continue our successful ten year relationship with Bethlehem Steel that leverages EDS' information technology expertise and extensive manufacturing industry knowledge. The Bethlehem Steel and EDS teams worked together to develop an agreement that will support both current and future business models," said Patricia Costa, President of EDS' U.S. Northeast region for Operations Solutions.

Since the partnership began in 1993, Bethlehem has benefited from lower IT costs, more reliable data center operations, and keeping current with evolving hardware technology. Examples of the successful partnership include a smooth y2k conversion, a state-of-the-art fiber network at the operating units, and the successful IT integration of Lukens Inc. as part of Bethlehem's acquisition of that company in 1998.

Over the last several years, Bethlehem Steel has been recognized as a leader in the use of information technology by Information Week and Computerworld magazines in their annual rankings of IT users nationwide. In May of 2000, Bethlehem received the Computerworld Smithsonian Award in recognition of successful integration of the information technology systems of Bethlehem Steel Corporation and Lukens Inc. The Smithsonian Award was established in 1988 to honor organizations and individuals whose use of information technology produces positive social, economic and educational change.

EDS, the leading global services company, provides strategy, implementation, business transformation and operational solutions 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 2001. The company's stock is traded on the New York Stock Exchange (NYSE:EDS) and the London Stock Exchange.