Paris, April 30, 2003

First quarter revenue 2003 in line with indications given on February 27, 2003

Cap Gemini Ernst & Young Group’s first quarter 2003 consolidated revenue is 1,555 million euros, down 10.3 % (at constant exchange rates and perimeter) compared to the first quarter of 2002 and 5 % compared to the last quarter of 2002.

Given the extremely strong currency effects of the Dollar and Sterling between the first quarter of 2002 and the first quarter of 2003(*), the decrease at current exchange rates and perimeter compared to the first quarter of 2003 amounts to 17 %.

The capacity adjustments effected in the second half of 2002 brought the Group’s headcount down to 50,402 by March 31, 2003 (compared to 52,683 on December 31, 2002).

2003 first quarter bookings were 2,072 million euros versus 1,735 million euros for the last quarter of 2002 (+ 20 %).

The utilization rate recorded at the end of March 2003 indicates a slight revenue decrease in the first half (excluding exchange rate effects) followed by a stabilization in the second half. In what is still a very tense and very competitive market offering little visibility, the Group’s priority is to continue to improve its cost structure in order to preserve its potential for margin improvement.

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