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Important Update Regarding the Electronic Data Systems Settlement.

On July 15, 2008, the Settlement Administrator mailed award checks to all claimants who filed a valid claim. According to the Court-approved Plan of Allocation, if a claimant’s total award would have fallen below $10.00, then that claimant is not eligible to receive a payment from the settlement fund.

If you did not receive a notice of rejection and did not receive a distribution check, your total award may have fallen below $10.00.

IF YOU PURCHASED THE SECURITIES OF EDS BETWEEN FEBRUARY 7, 2001 THROUGH AND INCLUDING SEPTEMBER 18, 2002

Your Rights May Be Affected by a Proposed Settlement of Class Action

In this lawsuit (the "Action"), Lead Plaintiff, the Department of the Treasury of the State of New Jersey and its Division of Investment on behalf of Common Pension Fund A ("New Jersey" or "Lead Plaintiff"), alleges that Defendants violated the Securities Exchange Act of 1934 ("Exchange Act") by making materially false and misleading statements and omissions regarding EDS' revenues and profitability during the period from February 7, 2001 through and including September 18, 2002 (the "Class Period"). New Jersey contends that investors were misled by Defendants' statements which appeared in press releases and in documents filed with the Securities and Exchange Commission ("SEC").

New Jersey alleges that EDS' financial statements were false based upon Defendants' improper use of percentage of completion accounting to recognize revenue, primarily in connection with a very significant contract with the U.S. Navy (the "NMCI Contract"), despite the known serious delays in implementing the contract that precluded revenue recognition. As a result, Lead Plaintiff contends that EDS' financial results were materially misstated, causing the prices of EDS securities to be artificially inflated throughout the Class Period.

Defendants deny the allegations against them.

The parties to this action have reached an agreement to settle the action. Under the terms of the proposed settlement, which must be approved by the Court, $137.5 million will be paid by or on behalf of defendants. If you are a member of the Class in the EDS Securities Litigation and you submit a timely Claim Form, you may be eligible to receive a share of the Settlement Fund, if the proposed settlement is approved by the Court.

The Final Approval Hearing will be held on March 7, 2006 at 10:00 a.m. before the Honorable Leonard Davis, in the United States District Courthouse, Eastern District of Texas, Tyler Division, to determine whether the proposed settlement of the Litigation on the terms and conditions provided for in the Stipulation is fair, reasonable and adequate to the Class and should be approved by the Court; whether a Judgment should be entered herein; whether the proposed Plan of Allocation should be approved; and to determine the amount of fees and expenses that should be awarded. The Court may adjourn the Final Approval Hearing without further notice to Members of the Class.

If you are a Class Member and did not validly exclude yourself by June 28, 2005 pursuant to the Notice of Class Action previously sent to Class Members, in order to share in the distribution of the Settlement Fund, you must submit a Proof of Claim and Release no later than April 19, 2006, establishing that you are entitled to recovery. Unless you timely and validly excluded yourself, you are bound by any judgment rendered whether or not you make a claim.

Plaintiff's damages expert, using standard statistical techniques, determined that EDS Common Stock (CUSIP No. 285661104), Feline Prides (CUSIP No. 285661203) and Call Options on Common Stock (referred to as "Eligible Securities") suffered losses as a result of defendants' alleged materially false and misleading statements. Plaintiff's damages expert also determined that there was insufficient evidence of loss causation to conclude that other EDS securities, including EDS Notes and Convertible Notes, suffered compensable damages as a result of defendants' alleged violations of the federal securities laws. Accordingly, if you purchased or acquired EDS Notes or Convertible Notes during the Class Period, you are a member of the Class, but you will not receive a recovery from the Settlement for those purchases.

Any objection to any of the matters to be considered at the Final Approval Hearing must be mailed or delivered such that it is received no later than February 21, 2006. For complete information regarding your rights, please read the Notice of Proposed Settlement of Class Action (Notice of Proposed Settlement).



Important Dates
Deadline to Object to the Settlement - February 21, 2006
If you wish to object to the Settlement, the fee and expense application or the plan of allocation, you may submit an objection to the Court such that it is received no later than February 21, 2006. For more information regarding filing an objection, see the Notice of Proposed Settlement of Class Action (Notice of Proposed Settlement).
Deadline to submit a Proof of Claim Form - April 19, 2006
If you are a Class Member and did not validly exclude yourself by June 28, 2005, in order to share in the distribution of the Settlement Fund, you must submit a Proof of Claim and Release no later than April 19, 2006, establishing that you are entitled to recovery (Claim Form).