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Acquisition of Shares of CSC Automated and CSC ESI (Making Them Subsidiaries)

ITOCHU Techno-Solutions Corporation

ITOCHU Techno-Solutions Corporation (head office: Chiyoda-ku, Tokyo; President & CEO: Satoshi Kikuchi; hereinafter "CTC") announces that it has reached a definitive agreement with a major US global IT services company, Computer Sciences Corporation, to acquire 100% of shares of CSC Automated Pte. Ltd.
(hereinafter "CSC Automated") of Singapore and CSC ESI Sdn Bhd (hereinafter "CSC ESI") of Malaysia, both of which are IT service providers and subsidiaries of Computer Sciences Corporation, jointly with ITOCHU Corporation, making them its subsidiaries. The total acquisition price is 90 million US dollars (with CTC contributing 63 million US dollars).

1. Reasons of the acquisition

One of the growth strategies in the CTC's Medium-Term Management Plan is to expand its global operations. Through the investments in CSC Automated and CSC ESI, which have customer bases in Singapore and Malaysia, respectively, as well as technological capabilities, CTC will establish operating bases in the ASEAN region, where high growth in the IT market is expected. CTC aims to create synergies to expand its consolidated earnings.

2. Profiles of subsidiaries to be acquired

1) CSC Automated Pte. Ltd. (Singapore)

Name CSC Automated Pte. Ltd.
Head Office 20 Anson Road #11-01 Twenty Anson Singapore 079912, Singapore
Business Lines Reselling hardware and software and providing maintenance service to business customers
Paid-in Capital S$ 2,000,000
Established August 1972
Major shareholders and ownership CSC Asia Holdings Pte. Ltd. 100%
Number of Employees Around 100

2) CSC ESI Sdn Bhd (Malaysia)

Name CSC ESI Sdn Bhd
Head Office Level 21, Suite 21.01, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia
Business Lines Reselling hardware and software and providing maintenance service to business customers
Paid-in Capital RM 2
Established January 2013 (established as a result of the spin-off of the ESI division of CSC Malaysia Sdn Bhd)
Major shareholders and ownership CSC Malaysia Sdn Bhd 100%
Number of Employees Around 600 (employees for the ESI division of CSC Malaysia Sdn Bhd)

3. Profile of the company selling the shares

Name Computer Sciences Corporation
Head Office 3170 Fairview Park Drive, Falls Church, Virginia 22042, USA
Representative Mike Lawrie (President & Chief Executive Officer)
Business Lines IT Servises
Paid-in Capital US$ 162 mil
Established April 1959

4. Share ownership before and after the acquisition

1) CSC Automated Pte. Ltd. (Singapore)

Number of shares owned before the transfer 0 shares (percent owned -%)
Investment percentage following the acquisition ITOCHU Techno-Solutions Corporation 70%
ITOCHU International Inc. 30%

2) CSC ESI Sdn Bhd (Malaysia)

Number of shares owned before the transfer 0 shares (percent owned -%)
Investment percentage following the acquisition ITOCHU Techno-Solutions Corporation 70%
ITOCHU International Inc. 30%

5. Impact on future business results

The acquisition of the shares will be completed before the end of March 2013. The effect of the creation of the new subsidiaries on CTC's consolidated earnings for the fiscal year ending March 2013 is minor.

Japanese

Contact Information

ITOCHU Techno-Solutions Corporation
Corporate Communications Dept.

E-Mail : press@ctc-g.co.jp

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