Computacenter Preliminary Results Announcement 12/03/03

Computacenter plc, the IT infrastructure services provider, today announces preliminary results for the twelve months ended 31 December 2002.

Financial Highlights:

• Profit before tax* up 6% to £54.2 million (2001: £51.1 million), ahead of market expectations
• Profit before tax up 58% to £55.1 million (2001: £34.9 million)
• Turnover declined to £1.93 billion (2001: £2.09 billion)
• Strong closing net cash position of £83.4 million (2001: £53.3 million)
• Diluted earnings per share* of 19.3p (2001:17.9p)
• Final dividend doubled to 5.8p per share (2001: 2.9p)

* excluding non-operating exceptional items

Operational Highlights:

• Delivering on strategic thrust of building our services businesses: UK managed services revenue growth of 16% and professional services growth of 13%
• Acquisition of GE CompuNet in Germany and GECITS Austria to create leading positions in European markets
• Tight control of costs and staff utilisation levels.