• New reporting approach more visible to marketplace, investors

HYDERABAD, India, April. 21, 2008—Satyam Computer Services Ltd. (NYSE:SAY), a leading global business and information technology services provider, today announced that it has posted its audited results for Fiscal Year 2008 in accordance with the International Financial Reporting Standards, making it one of the first Indian companies to do so.

The IFRS is a compilation of principle-based standards designed to enable a more universal understanding of operational reporting. It is gaining widespread global acceptance; the European Union adopted the standards in 2005, while Canada, China, Japan, and the United States also plan to converge. The Indian Institute of Chartered Accountants has also plans to adopt IFRS throughout the country by 2011.

“We see considerable value in adopting IFRS,” said Srinivas Vadlamani, the company’s chief financial officer. “As a global standard, it enables comparison and comprehension of financials, regardless of a company’s location. And, since Satyam has adopted the standards, our operational reporting can be understood, without reconciliation, by more than 100 countries that already permit or require IFRS reporting. Further, the move provides clarity and consistency to Satyam’s investors in Europe, where our company is growing quickly.”

#

About Satyam
Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 63* countries.

Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 51,127* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.

Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 654* clients, including more than one third of the Fortune 500. For more information, see www.satyam.com.
*As of March 31, 2007

Satyam Contacts

For clarifications, write to us at MediaRelations {at} Satyam(.)com

Or contact our global PR representatives at:

India Vishwesh Iyer vishwesh.iyer {at} ogilvy(.)com
+91 9820053697
US Siobhan Aalders Siobhan.Aalders {at} ogilvypr(.)com
+1-212-880 5341, +1 347 387 0733
Europe Clare Gibbins clare.gibbins {at} uk.ogilvypr(.)com
+44-20-7309 1037
Asia-Pacific Reshma Wad Jain, Reshma {at} wer1(.)net
+65 6737 4844, +65 981 40507

Safe Harbor

This press release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading “Risk Factors” in our report on Form 6-K concerning the quarter ended June 30, 2006, furnished to the United States Securities Exchange Commission on July 28, 2006 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.
# # #