DXC Technology Company Recommends Stockholders Reject “Mini-Tender” Offer by TRC Capital Corporation

TYSONS, Va.–(BUSINESS WIRE)–DXC Technology (NYSE: DXC) has received notice of an unsolicited
“mini-tender” offer by TRC Capital Corporation to purchase up to two
million shares of DXC’s common stock at a price of $63.63 per share in
cash. The offering price is 4.56 percent below the closing price per
share of DXC’s common stock on February 22, 2019, the last trading day
before the tender offer commenced. The offer is for approximately 0.75
percent of the outstanding shares of DXC’s common stock.

DXC does not endorse TRC Capital’s unsolicited mini-tender offer and
recommends that stockholders reject the offer of TRC Capital and not
tender their shares. DXC is not associated with TRC Capital, its
mini-tender offer or the mini-tender offer documentation.

Mini-tender offers are not subject to many of the investor protections
afforded to larger tender offers, including the filing of disclosure and
other tender offer documents with the U.S. Securities and Exchange
Commission (SEC) and other procedures mandated by U.S. securities laws.

The SEC has cautioned investors that some bidders making mini-tender
offers at below-market prices are, “hoping that they will catch
investors off guard if the investors do not compare the offer price to
the current market price.” The SEC’s guidance to investors on
mini-tender offers is available at http://www.sec.gov/investor/pubs/minitend.htm.
TRC Capital has made many similar unsolicited mini-tender offers for
shares of other public companies.

Stockholders should obtain current market quotations for their shares,
consult with their broker or financial advisor, and exercise caution
with respect to TRC Capital’s mini-tender offer. DXC recommends that
stockholders who have not responded to TRC Capital’s offer take no
action. Stockholders who have already tendered their shares may withdraw
them at any time prior to 12:01 a.m., New York City time, on March 26,
2019, in accordance with TRC Capital’s offering documents.

DXC encourages brokers and dealers, as well as other market
participants, to review the SEC’s letter regarding broker-dealer
mini-tender offer dissemination and disclosure at http://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.

DXC requests that a copy of this press release be included with all
distributions of materials relating to TRC Capital’s mini-tender offer
for shares of DXC common stock.

About DXC Technology

As the world’s leading independent, end-to-end IT services company, DXC
Technology (NYSE: DXC) leads digital transformations for clients by
modernizing and integrating their mainstream IT, and by deploying
digital solutions at scale to produce better business outcomes. The
company’s technology independence, global talent, and extensive partner
network enable 6,000 private and public-sector clients in 70 countries
to thrive on change. DXC is a recognized leader in corporate
responsibility. For more information, visit dxc.technology
and explore THRIVE,
DXC’s digital destination for changemakers and innovators.

Cautionary Note Regarding Forward-looking Statements

All statements in this press release that do not directly and
exclusively relate to historical facts constitute “forward-looking
statements.” These statements represent DXC’s intentions, plans,
expectations and beliefs, and are subject to risks, uncertainties and
other factors, many of which are outside DXC’s control, and no assurance
can be given that the results described in such statements will be
achieved. Many factors could cause actual results to differ materially
from such forward-looking statements. For a written description of risk
factors that could cause actual results in DXC’s business to differ
materially from forward-looking statements regarding those matters, see
the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K
for the fiscal year ended March 31, 2018 and in DXC’s Quarterly Reports
on Form 10-Q for the quarterly periods ended June 30, 2018, September
30, 2018 and December 31, 2018, and any updating information in
subsequent SEC filings. DXC disclaims any intention or obligation to
update these forward-looking statements whether as a result of
subsequent event or otherwise, except as required by law.


Rich Adamonis, Corporate Media Relations, +1 862.228.3481, radamonis@dxc.com

Jonathan Ford, Investor Relations, +1 703.245.9700, jonathan.ford@dxc.com