IMS HEALTH INCORPORATED
OFFER TO EXCHANGE 0.309 SHARES OF COGNIZANT TECHNOLOGY
SOLUTIONS CORPORATION CLASS B COMMON STOCK FOR
EACH SHARE OF IMS HEALTH INCORPORATED COMMON STOCK
UP TO AN AGGREGATE OF 36,540,129 SHARES OF
IMS HEALTH COMMON STOCK
NOTICE OF GUARANTEED DELIVERY
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
This Notice of Guaranteed Delivery or one substantially similar hereto must
be used to participate in the exchange offer of IMS Health Incorporated, as set
forth in the offering circular-prospectus dated January 9, 2003 (the "Offering
Circular-Prospectus") and the accompanying Letter of Transmittal, if (1) your
stock certificate(s) representing shares of IMS Health common stock are not
immediately available, (2) you cannot complete the procedure for book-entry
transfer on a timely basis or (3) you cannot deliver the certificates(s) and all
other required documents to American Stock Transfer & Trust Company, the
exchange agent, prior to the expiration date (as defined in the Offering
Circular-Prospectus). You may deliver this Notice of Guaranteed Delivery by
hand, facsimile transmission or mail to the exchange agent. For more details see
the section entitled "The Exchange Offer -- Guaranteed Delivery Procedure" in
the Offering Circular-Prospectus.
The Depository for the exchange offer is:
AMERICAN STOCK TRANSFER & TRUST COMPANY
<Table>
<Caption>
BY MAIL: BY HAND: BY OVERNIGHT DELIVERY:
-------- -------- ----------------------
AMERICAN STOCK TRANSFER & AMERICAN STOCK TRANSFER & AMERICAN STOCK TRANSFER &
TRUST COMPANY TRUST COMPANY TRUST COMPANY
59 Maiden Lane 59 Maiden Lane Operations Center
Plaza Level Plaza Level 6201 15th Avenue
New York, New York 10038 New York, New York 10038 Brooklyn, New York 11219
Attn: Reorg Department
BY FACSIMILE TRANSMISSION:
-----------------------------
(for Eligible Institutions
only)
(718) 234-5001 Confirm by
Telephone:(718) 921-8200
</Table>
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE OR
TRANSMISSION VIA FACSIMILE TRANSMISSION TO A NUMBER OTHER THAN AS SET FORTH
ABOVE WILL NOT CONSTITUTE A VALID DELIVERY.
This Notice of Guaranteed Delivery is not to be used to guarantee
signatures. If a signature on a Letter of Transmittal is required to be
guaranteed by an "eligible institution" under the Instructions thereto, such
signature guarantee must appear in Section III of the Letter of Transmittal.
BY EXECUTING THIS NOTICE OF GUARANTEED DELIVERY, YOU ARE GUARANTEEING THAT
THE SHARES OF IMS HEALTH COMMON STOCK LISTED ON THIS NOTICE WILL IN FACT BE
DELIVERED TO THE EXCHANGE AGENT NO LATER THAN 5:00 P.M. NEW YORK CITY TIME, ON
THE THIRD NEW YORK STOCK EXCHANGE TRADING DAY AFTER THIS NOTICE OF GUARANTEED
DELIVERY IS DELIVERED TO THE EXCHANGE AGENT. FAILURE TO DELIVER STOCK
CERTIFICATE(S) OR COMPLETE BOOK-ENTRY TRANSFER OF SUCH SHARES OF IMS HEALTH
COMMON STOCK BY SUCH TIME COULD RESULT IN FINANCIAL LOSS TO THE ELIGIBLE
INSTITUTION MAKING THIS GUARANTEE.
Ladies and Gentlemen:
I hereby tender to IMS Health Incorporated the shares of IMS Health common
stock listed below, upon the terms of and subject to the conditions set forth in
the Offering Circular-Prospectus and the related Letter of Transmittal and the
Participation Instructions thereto, receipt of which I hereby acknowledge,
pursuant to the guaranteed delivery procedures set forth in the Offering
Circular-Prospectus.
<Table>
<Caption>
CERTIFICATE NO. NUMBER OF SHARES
- --------------- ----------------
- -------------------------------------------- --------------------------------------------
- -------------------------------------------- --------------------------------------------
- -------------------------------------------- --------------------------------------------
- -------------------------------------------- --------------------------------------------
- -------------------------------------------- --------------------------------------------
- -------------------------------------------- --------------------------------------------
The Book-Entry Transfer Facility Sign Here
Account Number (if the shares of IMS Health --------------------------------------------
common stock will be tendered by book-entry
transfer)
- -------------------------------------------- --------------------------------------------
ACCOUNT NUMBER SIGNATURE(S)
- -------------------------------------------- --------------------------------------------
NUMBER OF SHARES NUMBER AND STREET OR P.O. BOX
Dated ____________, 2003
--------------------------------------------
CITY, STATE, ZIP CODE
</Table>
ODD-LOTS
This section is to be completed only if shares of IMS Health common stock
are being tendered by or on behalf of a person owning beneficially less than 100
shares of IMS Health common stock. Check one:
[ ] I beneficially own less than 100 shares of IMS Health common stock, all
of which are being tendered, or
[ ] I am a broker, dealer, commercial bank, trust company or other nominee
who (1) is tendering for the beneficial owners thereof, shares of IMS
Health common stock with respect to which I am the record owner, and
(2) believes, based upon representations made to me by each such
beneficial owner, that such owner owns beneficially less than 100
shares of IMS Health common stock and is tendering all such shares.
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GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a participant in the Security Transfer Agents Medallion
Program, (a) represents and guarantees that the above-named person(s) "own(s)"
the shares of IMS Health common stock tendered hereby within the meaning of Rule
14e-4 of the Securities Exchange Act of 1934, as amended, (b) represents and
guarantees that the tender of such shares of IMS Health common stock complies
with Rule 14e-4, and (c) guarantees delivery to the exchange agent of
certificates for the shares of IMS Health common stock tendered hereby, in
proper form for transfer, or delivery of such shares of IMS Health common stock
pursuant to procedures for book-entry transfer, in either case with delivery of
a properly completed and duly executed Letter of Transmittal and any other
required documents, unless an agent's message is used, all within three New York
Stock Exchange trading days after the date hereof.
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FIRM NAME PRINT
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AUTHORIZED SIGNATURE
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ADDRESS
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CITY, STATE, ZIP CODE
---------------------------------------------------
AREA CODE AND TELEPHONE NUMBER
Dated ________, 2003
DO NOT SEND CERTIFICATES(S) OR ANY OTHER REQUIRED DOCUMENT WITH THIS FORM. THEY
SHOULD BE SENT WITH THE LETTER OF TRANSMITTAL TO THE EXCHANGE AGENT (UNLESS A
BOOK-ENTRY TRANSFER FACILITY IS USED).
3