Tender Offer

Unisys Corporation Unisys Announces Tender Pricing for 8 1/8% Notes and Successful Completion of Consent Solicitation Unisys Corporation (NYSE:UIS) announced today that, as part of its previously announced tender offer and consent solicitation for its 8 1/8% senior notes due 2006, as of 5:00 p.m., New York City time, on September 15, 2005 (the 'Consent Date'), it had accepted tenders and consents for $339.8 million aggregate principal amount of notes, representing approximately 85% of the $400 million notes outstanding. Based on the pricing formula described in the Offer to Purchase and Consent Solicitation Statement dated September 9, 2005, the total consideration to be paid by Unisys for these notes, which includes the $20 consent payment, is $1,025.65 for each $1,000 principal amount of notes. Holders of these notes will also be paid accrued and unpaid interest up to, but not including, the payment date. Unisys said it expects to make payment for these notes on Monday, September 19, 2005, using the proceeds from its issuance, on September 14, 2005, of $550 million of senior notes. Unisys said that it expects to take an estimated pre-tax charge in the third quarter of approximately $11 million for the premium paid and unamortized debt expense in respect of the $339.8 million of notes tendered as of the Consent Date. In tendering their notes, holders consented to amendments that will eliminate substantially all of the restrictive covenants and certain default triggers from the indenture governing the notes. Unisys and the trustee have therefore executed a supplemental indenture containing the amendments described in the company's Offer to Purchase and Consent Solicitation Statement. The amendments will become operative when Unisys makes the payment referred to above. Holders who validly tender their notes after the Consent Date and prior to 5 p.m., New York City time, on October 7, 2005 (the 'Expiration Date') are not entitled to the $20 consent payment, and will receive the total consideration minus the consent payment. In such case, holders will receive $1,005.65 for each $1,000 principal amount of notes tendered after the Consent Date but on or prior to the Expiration Date. Citigroup Global Markets Inc. and Banc of America Securities LLC are the exclusive dealer managers and solicitation agents for the tender offer and consent solicitation. Questions regarding the tender offer and consent solicitation can be directed to Citigroup Global Markets Inc., Liability Management Group at 800-558-3745 (toll free) or 212-723-6106 (collect) or Banc of America Securities LLC, High Yield Special Products at 888-292-0070 (toll free) or 704-388-9217 (collect). Requests for documents may be directed to Global Bondholder Services Corp., the information agent, at 866-924-2200 (toll free) or 212-430-3774 (banks and brokers). This release is not an offer to purchase or a solicitation of acceptance of the offer to purchase the 8 1/8% notes, which may be made only pursuant to the terms of the Offer to Purchase and Consent Solicitation Statement and related transmittal documents. About Unisys Unisys is a worldwide information technology services and solutions company. Our people combine expertise in consulting, systems integration, outsourcing, infrastructure and server technology 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. A discussion of factors that could affect the company's future financial results is contained in its periodic filings with the Securities and Exchange Commission. Unisys assumes no obligation to update any forward-looking statements. RELEASE NO.: 0916/8578 http://www.unisys.com/about__unisys/news_a_events/09168578.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. CONTACT: Unisys Corporation Media Contacts: Elizabeth Douglass, 302-897-5351 Elizabeth.Douglass@unisys.com or Jacqueline Lewis, 610-715-1155 Jacqueline.Lewis@unisys.com or Investor Contact: Jim Kerr, 215-986-5795 Jim.Kerr@unisys.com

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