HERNDON, Va., August 8, 2003 ? DigitalNet Holdings, Inc. today announced it has filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock. All of the shares being offered are being sold by the company and no existing stockholders are selling shares in the offering.

Citigroup Global Markets Inc. and UBS Securities LLC are acting as joint bookrunning managers of the offering with Legg Mason Wood Walker, Incorporated and Raymond James & Associates, Inc. as co-managers. When available, a prospectus may be obtained from either Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11200, Telephone: (718) 765-6732 or UBS Securities LLC, ECMG Syndicate Department, 299 Park Avenue, New York, NY 10171, Telephone: (212) 713-2626.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration becomes effective. This news release shall not constitute an offer to sell or the solicitation of any offer to buy the securities described above, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

About DigitalNet
DigitalNet builds, integrates and manages enterprise-wide network computing solutions that provide government organizations with sustainable strategic business advantage. With more than 30 years of experience, the company provides Managed Network Services, Information Security Solutions and Application Development and Integration Services and Solutions for the U.S. Department of Defense, U.S. Government civilian agencies and the intelligence community. The company is focused on adding value to its clients by increasing network reliability, reducing overall network costs, and rapidly migrating mission critical network computing environments to new technologies.

Contact:
Jennifer LoProto, DigitalNet
(703) 563-8267
jennifer.loproto@digitalnet.com

Jayna Ontko, Merritt Group PR
(703) 556-6823
ontko@merrittgrp.com


Source: DigitalNet http://www.digitalnet.com