EDS reports 2006 first quarter results

Notes and media contacts

About EDS:

EDS (NYSE: EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 40 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.

About Mubadala Development Company:
Mubadala Development Company is a wholly owned investment vehicle of the Government of the Emirate of Abu Dhabi in the United Arab Emirates. It was established in October 2002 as a Public Joint Stock Company, with the mandate for establishing new companies and acquiring strategic holdings in existing companies, either in the UAE or abroad. Its investments cover a wide range of strategic sectors including energy, utilities, real estate, public-private partnerships, basic industries and services. Injazat Data Systems is a joint venture between Mubadala and EDS.

About Injazat Data Systems LLC:

Established in the 1st Quarter of 2005, Injazat Data Systems is an Information Technology and Business Services company that offers a wide range of outsourcing services. It is focused on providing IT outsourcing services to the oil & gas, utilities, financial services, government, transportation, telecom and healthcare sectors. Injazat is a joint venture of Mubadala Development Company and Electronic Data Systems (EDS).

Injazat aims to become the premier information technology and business process outsourcing services provider in the region. Growth is driven through Mubadala's knowledge of the Middle East business environment plus the delivery capabilities of EDS - creating a local company with the experience of a global player.

For more information please contact:
Wassim El Mawas
Tel :971 26992700

Disclaimer Statement:
Statements in this press release that are not historical statements, including statements regarding forecasted revenue, EPS, free cash flow, and TCV are forward-looking statements within the meaning of the Federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. These include, but are not limited to, the performance of current and future client contracts in accordance with our cost, revenue and cash flow estimates, including our ability to achieve any operational efficiencies in our estimates; for contracts with U.S. Federal government clients, including our NMCI contract, the government's ability to cancel the contract or impose additional terms and conditions due to changes in government funding, deployment schedules, military action or otherwise; our ability to access the capital markets, including our ability to obtain capital leases, surety bonds and letters of credit; the impact of rating agency actions on our ability to access capital and our cost of capital; the impact of third-party benchmarking provisions in certain client contracts; the impact on a historical and prospective basis of accounting rules and pronouncements; the impact of claims, litigation and governmental investigations; the success of our multi-year plan and cost-cutting initiatives and the timing and amount of any resulting benefits; the impact of acquisitions and divestitures; a reduction in the carrying value of our assets; the impact of a bankruptcy or financial difficulty of a significant client on the financial and other terms of our agreements with that client; with respect to the funding of pension plan obligations, the performance of our investments relative to our assumed rate of return; changes in tax laws and interpretations and failure to obtain treaty relief from double taxation; failure to obtain or protect intellectual property rights; fluctuations in foreign currency, exchange rates and interest rates; the impact of competition on pricing, revenues and margins; and the degree to which third parties continue to outsource IT and business processes. We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by law.