PSA Peugeot-Citroen Automobiles Chooses MSC.ADAMS/Engine Powered by FEV As Standard Simulation Tool Through a 350,000 Euro Contract

PSA Peugeot-Citroen Uses Accessory and Timing Belt Modules of MSC.ADAMS/Engine To Meet New OEM Design and Performance Requirements, Reduce Development Time And Develop Better Prototypes

SANTA ANA, Calif., June 18 -- MSC.Software Corp. , the leading global provider of virtual product development (VPD) products including simulation software, services and systems, today announced that Europe's second largest car maker, PSA Peugeot- Citroen Automobiles, purchased a 350,000 euro contract for MSC.Software's MSC.ADAMS/Engine software and technical support to optimize the design of their timing belts.

"In today's competitive automotive industry, the major OEMs are working hard to meet and exceed customer demand for automotive engine reliability," said Frank Perna, chairman and chief executive officer of MSC.Software. "The best way for automotive companies to develop new engines, decrease their costs and increase their profit margins is to decrease costly physical testing and increase the use of simulation technology. This presents an opportunity for MSC.Software to increase revenue and we are working hard to sell our software, services and systems to the car manufacturers and suppliers around the world."

"In order to extend the use and the reliability of simulation tools in PSA process development, our strategy is based on the switch from non-evolutive in-house tools to market open architecture software. Nevertheless, it is important to retain our knowledge through tool customization adapted to all design department needs. These aims are today reached through joint development with software companies like MSC.Software, to have and benefit from standard numerical tools adapted to PSA's needs," said Mr. Pierre Borrel, head of the Technical and Scientific Department.

Based on a strong involvement of MSC.ADAMS in the chassis development process, PSA Automobiles has chosen MSC.ADAMS/Engine powered by FEV because of its open architecture, which allows the engineers at PSA to incorporate their expertise gained over many decades of engine design and manufacturing into the software. PSA will benefit from this effort by improving the timing belt design process through quality and time reduction.

For more information on MSC.ADAMS and other MSC.Software products, please visit http://www.mscsoftware.com/products/ .

About PSA Peugeot Citroen Automobiles

PSA Peugeot Citroen ranks among the world's leading automotive groups. A business with significant technological, industrial, financial and commercial presence, the Group draws its strength from its two volume brands, Peugeot and Citroen, from the skills of its 198,600 employees around the world, and from a stable shareholder base.

In 2002, PSA Peugeot Citroen continued to grow, consolidating its place as Europe's No. 2 car manufacturer. The Group met all the targets set at the beginning of 2002 to report net income of 1.7 billion euros and net sales of 54.5 billion euros.

PSA Peugeot Citroen will continue its strategy of internal growth in 2003. It will launch attractive Peugeot and Citroen vehicles with different personalities that draw upon the Group's innovative capacity and bring customers attractive, high-performance cars that respect the environment.

About MSC.Software Corporation

MSC.Software is the leading global provider of virtual product development (VPD) products including simulation software, services and systems, that helps companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software, services and systems. MSC.Software employs more than 1500 people in 23 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com .