Re Contract

Re Contract 

    BLUE BELL, Pa.--(BUSINESS WIRE)--Feb. 12, 2003--

      R&SA's UK Life Operations Will Transfer to Unisys Insurance
       Services Limited (UISL), One of The Largest Providers of
          Managed Insurance Administration Services in the UK

In one of the biggest-ever outsourcing agreements in the UK life and
pensions market, Royal & SunAlliance and Unisys (NYSE:UIS) today
announced that Unisys Insurance Services Limited (UISL) -- a wholly
owned Unisys subsidiary--will undertake the processing and
administration of the 2.4 million life and pensions policies of Royal
& SunAlliance's UK Life operation.

The contract is for an initial term of 10 years with an estimated
value in excess of $450 million (300 million Pounds Sterling), based
on projected policy volume. 

By drawing on Unisys end-to-end insurance administration processing
expertise, Royal & SunAlliance expects to improve customer service,
maintain competitive costs per policy and expand the professional
opportunities of its employees transferring to UISL.

Peter Hanby, managing director of Royal & SunAlliance's UK Life
operation, said, 'This deal delivers highly competitive and directly
variable administration costs for our Life business, at the same time
as providing our customers with good quality service in the future. It
is also good news for those employees transferring across to Unisys,
who will be joining a leading outsourcing specialist, whilst
maintaining stretching career opportunities for those people remaining
in R&SA's Governance Team.'

Peter Thomas, managing director at UISL said, 'Unisys has an excellent
track record of providing managed services worldwide that deliver
tangible business results to our clients and their customers. We are
delighted to have R&SA UK Life become a client of UISL, where we will
now manage more than four million policies for the life and pensions
market in the UK. We welcome the R&SA employees transferring across to
us, and we're confident that together we will make the most of the
opportunities that exist to develop in a dynamic, global market.'

The new arrangement is designed to deliver high levels of service for
R&SA customers, who will be served by UISL. UISL is one of the UK's
largest providers of managed insurance administration services,
including 1.7 million policies for Abbey Life.

Over the term of the Royal & SunAlliance agreement, UISL will maintain
the continuity of customer services while improving the operation's
capability and efficiency, enhancing business applications and
migrating legacy computer systems to open, strategic platforms.

The deal also secures for Royal & SunAlliance a competitive
maintenance cost per policy through the contract's variable cost
structure as well as the improved operational efficiency and
flexibility Unisys can bring to the UK Life business operation.

The announcement follows Royal & SunAlliance's decision to close its
UK Life operation to new clients as part of its ongoing strategy to
reshape the company.

As part of the arrangement, effective on May 1, approximately 1,700
R&SA employees will transfer to UISL, which will maintain R&SA's
operations in Liverpool and Horsham. The contract opens professional
opportunities for R&SA's Life employees, who will be transferring to a
market-leading outsourcing specialist with operations worldwide.

R&SA and Unisys consulted fully with union representatives throughout
the development of this agreement. R&SA's UK Life operation will
retain a small governance team to manage both the Unisys and other
existing outsourced contracts, oversee the financial and regulatory
responsibilities of the life company and provide legislative and
regulatory reporting to the Group.

For information about R&SA, visit www.royalsunalliance.com.

About Unisys

Unisys is a worldwide information technology services and
solutions company. Our people combine expertise in systems
integration, outsourcing, infrastructure, server technology and
consulting with precision thinking and relentless execution to help
clients, in more than 100 countries, quickly and efficiently achieve
competitive advantage. 

For more information, visit www.unisys.com

Forward Looking Statements

Any statements contained in this release that are not historical
facts are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. All forward-looking
statements rely on assumptions and are subject to various risks and
uncertainties that could cause actual results to differ materially
from expectations.

In particular, statements in this release regarding the estimated
value of the agreement are based upon current assumptions regarding
policy processing volumes over the ten-year term of the agreement.
Because these volumes are subject to change and because the agreement
is terminable before the end of its term, the estimated value of the
agreement is not guaranteed.

Additional discussion of factors that could affect Unisys future
results is contained in its periodic filings with the Securities and
Exchange Commission.

RELEASE NO.: 0203/8233
http://www.unisys.com/about__unisys/news_a_events/02128233.htm

Unisys is a registered trademark of Unisys Corporation. All other
brands and products referenced herein are acknowledged to be
trademarks or registered trademarks of their respective holders.

   Short Name: Unisys Corp
   Category Code: CNT
   Sequence Number: 00001889
   Time of Receipt (offset from UTC): 20030211T225506+0000