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Bank One Expands Technology One Alliance with AT&T and IBM, Awards Additional Contracts Totaling More Than $600 Million


COLUMBUS, Ohio - 11 Aug 1999: -- Bank One Corporation said today it is expanding its Technology One Alliance with AT&T and IBM to include locations of the former First Chicago NBD Corporation. The expansion involves multi-year contracts totaling more than $600 million.

Bank One, AT&T Solutions and IBM Global Services formed the Technology One Alliance last year to provide the bank with a world-class networking and computing services infrastructure to support its aggressive e-business and growth strategy.

Following its merger with First Chicago NBD Corporation, Bank One now has more than 1,900 banking centers and financial services operations in North America, including an expanded footprint in key market areas in Illinois, Indiana, Michigan and Florida.

Bank One said today it has awarded AT&T Solutions, AT&T's networking professional services unit, an additional contract valued at $465 million to unify the bank's data and voice-networking infrastructure. The new contract will run concurrently with the six-year, $1.4 billion agreement between Bank One and AT&T Solutions announced last year.

Bank One awarded IBM Global Services an additional contract valued at $168 million for expanded data center operations, including help-desk support and management of the bank's mainframe computers and midrange servers. The new contract -- together with a seven-year, $420 million contract IBM Global Services received last year -- brings the total value to $588 million.

"This unique alliance between three industry leaders -- Bank One, AT&T Solutions and IBM Global Services -- has already delivered value to the bank's customers and shareholders by strengthening our technology infrastructure and allowing us to deliver products to the market more quickly and at industry benchmark unit costs," said Marv Adams, BANK ONE Chief Information Officer. "We expect to be able to deliver even more value by extending the scope of the Technology One Alliance across our whole corporation."

Both AT&T Solutions and IBM Global Services have established technology centers in suburban Columbus, Ohio, where most of Bank One's technology infrastructure is concentrated.

As a result of the contracts announced today, about 200 computing and data center specialists -- mostly in the Chicago and Detroit areas -- become employees of IBM. Additionally, about 100 voice and data networking specialists in the same geographies have joined AT&T Solutions; another 30 specialists have joined AT&T Solutions' voice-systems subcontractor, Lucent Technologies.

AT&T Solutions is transforming several voice and data communications networks to a single new Internet Protocol (IP)-based networking platform across its growing global enterprise. AT&T also is providing an integrated portfolio of its business voice and data services to Bank One.

IBM Global Services is consolidating the bank's data center and help desk support infrastructure to a single, Columbus-based service delivery center.

Bank One Background
BANK ONE CORPORATION (http://www.bankone.com) is the nation's fifth largest bank holding company, with assets of more than $256 billion. Bank One offers a full range of financial services to commercial and business customers and consumers. It is the world's largest Visa issuer, the third-largest bank lender to small businesses, one of the top 25 managers of mutual funds and a major automotive lender. It operates more than 1,900 offices and a nationwide network of ATMs. It is a major commercial bank in the United States and in selected international markets.

AT&T/AT&T Solutions Group Background
AT&T (http://www.att.com) is the world's premier provider of voice and data communications, with more than 80 million customers, including businesses, government and consumers. AT&T operates the world's largest, most powerful long-distance network and the largest wireless network in North America. The company is a leading supplier of data and Internet services for businesses and the largest direct Internet service provider to consumers in the U.S. AT&T Solutions Group provides seamless managed and outsourcing solutions that maximize the competitive advantage of networking-based electronic commerce and other networked applications. It uses state-of-the-art tools to operate and manage voice, data, video and Internet /intranet services, including local and wide area networks, PBXs, voice-processing systems and voice and data terminals.

IBM Global Services Background
IBM Global Services (http://www.ibm.com/services) is the world's largest information technology services provider, with 1998 revenues of approximately $29 billion. Services is the fastest growing part of IBM, with more than 130,000 professionals serving customers in 160 countries. IBM Global Services integrates IBM's broad range of capabilities -- services, hardware, software and research -- to help companies of all sizes realize the full value of information technology.

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Contact(s) information

Dave Caplan
IBM
914-766-4529

John A. Russell
BANK ONE
614-248-5989

Jim Byrnes
AT&T
908-221-7876

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