Exult Inc. Appoints Lloyd Somers as Executive Director, IT Applications & Operations.

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--May 8, 2001

Exult, Inc. (Nasdaq: EXLT), a provider of web-enabled, integrated services designed to manage the human resources function for large, multinational corporations, today announced that Lloyd Somers has joined the Company as executive director of IT applications & operations.

Somers comes to Exult from a career in IT management which spanned fifteen years with Weyerhaeuser, the global forestry products giant. During this time, Somers established himself as a recognized leader in the field of process redesign. He brings to Exult a proven track record in creating and managing systems solutions capable of delivering significant improvements in all aspects of business operations. In addition to in-depth technical knowledge and broad experience of all IT disciplines, Somers possesses outstanding credentials in M&A and JV activities, international commerce, recruiting and the blending of IT and business strategies.

In his new role at Exult, Somers will be responsible for running the IT support side of the Company's technology organization, including operational and technical infrastructure, project implementation and facilities build-out. He will report directly to Richard Jones, senior vice president of international operations and will work closely with executive vice president, development and consulting, Stephen Unterberger.

"Lloyd is a very valuable addition to our senior management team," said Kevin Campbell, operations president of Exult. "As we continue the rapid build-out of our advanced IT infrastructure, we have become increasingly focused on refining and improving the network of best-in-class applications that have already delivered measurable benefits to our Global 500 clients. Exult is rapidly becoming established as the benchmark in providing web-enabled, integrated HR management services to large, multinational organizations. In efforts to support this growth, we will continue our aggressive policy of identifying and recruiting world-class personnel capable of taking Exult to the next level."

At Weyerhaeuser, a company with worldwide revenues of $16 billion and a member of the Fortune 200 since 1956, Somers served as Director of Information Technology for the Containerboard, Packaging and Recycling division (CBPR). With $3 billion in annual revenues, CBPR has over 12,000 employees spread across 60 U.S. manufacturing facilities. Somers' list of achievements includes IT leadership on a $100 million project designed to accomplish the total re-engineering of all business operating processes. His successful implementation of an ERP system designed to support the objectives of rebuilding these processes from their foundation resulted in over $50 million in identifiable savings for the organization. Other notable contributions during his tenure included the introduction of a data warehouse capable of delivering accurate and timely information across 46 separate manufacturing facilities. In all, Somers was ultimately accountable for the successful delivery of more than 36 projects in a four-year period.

In addition to his extensive project leadership in the U.S., Somers also has considerable international experience. He worked alongside a number of Weyerhaeuser's European strategic partners and was charged with overall responsibility for the institution of system solutions in plant start-up operations in China and Mexico.

Somers began his IT career as a computer operator for Systematics, Inc. in Jonesboro, Arkansas, before moving on to a number of information and systems development management posts at a variety of Jonesboro companies. He began his association with Weyerhaeuser in 1984 as a Project Manager for the Eastern Building Materials Distribution division. By 1988, he had risen to the post of Information Services Manager and, in 1991, was appointed manager of Information Technology for the Southern Lumber/Plywood division. He remained there until accepting the post of CBPR Director of Information Technology in 1996.

Somers earned his Bachelor of Science from Arkansas State University and completed numerous management and training courses at the renowned Weyerhaeuser Company Leadership Institute.

About Exult: Headquartered in Irvine, California, Exult, Inc. offers Exult eHR(SM) a comprehensive, web-enabled, integrated service designed to manage the entire human resources department for Global 500 corporations. Exult's strategy is to transform Global 500 HR departments by implementing and operating scalable web-based process management solutions across many HR business processes. Exult uses its myHR(SM) web-enabled applications and interface, shared client service centers, best practices expertise, and expert HR process consulting capabilities to help Global 500 corporations increase the productivity of their human capital, convert HR spending to a variable cost basis, and reduce the overall cost of HR management and administration. For more information, visit Exult's web site at: www.exult.net.

Forward Looking Statements

Statements in this release about Exult's capabilities and client services are forward-looking statements. Actual results could differ materially from those anticipated as a result of various risks. Exult is still developing and enhancing its service capabilities. More information about Exult's risks is available in Exult's annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings made from time to time with the Securities and Exchange Commission. Special attention is directed to the portions of those documents entitled "Risk Factors."