COMPUTACENTER PLC - PRESS RELEASE

Preliminary Results Announcement

Computacenter plc, the European IT infrastructure services provider, today announces preliminary results for the twelve months ended 31 December 2003.

Financial Highlights:

• Group revenues up 28.8% to £2.48 billion (2002: £1.93 billion) including acquisitions
• Profit before tax up 18.3% to £65.2 million (2002: £55.1 million)
• Earnings per share up 22.5% to 25.0p (2002: 20.4p)
• Final dividend of 5.0p per share, total dividend up 20.7% to 7.0p (2002: 5.8p)
• Strong operating cashflow and balance sheet with net funds of £49.9 million at year end

• UK Managed Services revenue growth of 10.9%
• Encouraging pipeline of Managed Services contracts and XP roll-outs
• Significant product price decline, driven by weakness of the US dollar
• Integration of CC CompuNet in Germany on plan; first year operating profit of £8.7 million
• Computacenter France turn-around programme underway in the second half
• New pan-European management structure to assist transfer of best practice