ADP SIGNS AGREEMENT TO ACQUIRE GSI.

ROSELAND, NJ--(BUSINESS WIRE)--August 31, 1995--Automatic Data Processing, Inc. has entered into an agreement to acquire for cash all of the outstanding shares of GSI, a European computer services company based in Paris, France. The transaction is valued at FF 2.3 billion (approximately US $460 million) and is subject to GSI shareholder and various governmental approvals. The transaction is expected to close before the end of the calendar year and may have a slightly dilutive effect on ADP's earnings per share.

GSI is the European leader in providing payroll and human resource information services. GSI also provides facilities management, banking, clearing and other information services in Europe.

GSI's revenues are in excess of FF 2 billion (US $400 million) and the company has over 3,000 employees, with operations in France, Germany, Italy, Spain, Switzerland and the United Kingdom.

Josh S. Weston, chairman and chief executive officer of ADP, said, "The acquisition of GSI positions ADP as the largest global provider of payroll and human resource services. The exceptional strength of the GSI management team will facilitate our continued expansion in Europe."

ADP, with $3 billion in revenue and 350,000 clients, is one of the largest independent computing services firms in the United States.

CONTACT: ARTHUR SCHMIDT & ASSOCIATES, INC.

212/953-5555