Perot Systems Corporation Announces 10-Year Contract With Key Safety Systems, Inc.

PLANO, Texas, Jan. 5, 2004 -- Perot Systems Corporation today announced the signing of a 10-year information technology (IT) outsourcing contract with Key Safety Systems, Inc., a member of the Carlyle Management Group (CMG).

As part of the contract, Perot Systems will provide applications development and maintenance, IT infrastructure management, worldwide helpdesk support, and desktop management for Key Safety Systems' North American operations and, subject to the receipt of certain required approvals, portions of its European operations. Key Safety Systems will also relocate its data center from Florida to Perot Systems headquarters in Plano, Texas.

"Perot Systems' strength and depth of experience in the automotive supplier market provides us with unique insight to what expert use of technology can accomplish," said Bob Mattana, Perot Systems vice president and Industrial Services Group leader. "This represents our second contract with the Key Automotive Group, so they understand that having one common supplier will allow Key Safety Systems to realize increased savings and efficiencies."

Key Safety Systems is among the automotive industry's leaders in the design and production of airbags, seatbelts, steering wheels and fully integrated safety systems. Its products are used in more than 300 vehicle models produced by over 45 automobile manufacturers throughout North America, Europe and Asia. Key Safety's global outreach consists of 32 manufacturing, technical and sales facilities located in 12 countries.

"As an industry leader in automotive safety parts and services, Key Safety Systems demands the utmost in quality and responsiveness from our technology providers," said B. Edward Ewing, Chairman and CEO for Key Automotive Group. "Perot Systems brings years of technology experience and a keen understanding of the automotive industry that allows us, in turn, to focus on maintaining the highest level of customer service for our clients."

About Key Safety Systems and the Key Automotive Group

Collectively, the Key Automotive Group companies, led by Mr. Ewing, have more than $1.7 billion in sales and 14,000 employees, with operations in 15 countries in North America, Europe and Asia and ten states in the U.S. The companies comprising the Key Automotive Group look for tier one and tier two businesses that have a leading market share in their products and services but less than optimal financial results. This provides a platform upon which the Carlyle Management Group may instill a sound financial base and implement principles of long-term oversight focusing on lowering costs, innovation, quality and production.

The Principals of CMG have extensive operations and investment experience in the automotive, aerospace, defense and heavy manufacturing industries. CMG is part of The Carlyle Group, one of the largest private equity firms in the world managing nearly $16 billion of capital.

About Perot Systems

Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2002 revenue of $1.3 billion. The company has more than 10,000 associates located in North America, Europe, and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com/ .

This press release contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "forecasts," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions. Actual events or results may differ materially. Please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2002, as filed with the U.S. Securities and Exchange Commission and available at www.sec.gov , for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.

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