Infosys Technologies Ltd. wins accolade in The Asset Triple A Corporate Governance Index Awards 2008

Bangalore, October 30, 2008 – Infosys Technologies Ltd. has been named as the best company in India in terms of Corporate Governance in The Asset Magazine’s annual Corporate Governance Index 2008. The results have been released and are to be published in the November 2008 issue of The Asset.

Corporate Governance is both an art and a science. For the past ten years, The Asset has put emphasis on the ‘art’ part, which is to say, canvassing the opinion of institutional investors, sellside analysts and The Asset’s board of editors. This year, The Asset is drilling down further into understanding corporate governance practices in companies in the region by comparing these with international best standards.

Our basis for corporate governance standards is The Combined Code Principles of Good Governance and Code of Best Practice derived by the committee on its final report and from the Cadbury and Greenbury Reports. We also based it on the White Paper on Corporate Governance in Asia produced by the Organization for Economic Cooperation and Development (OECD).

As in previous years, we invited companies to present their annual results in complying with best practices. In addition, participating companies were asked to submit their compliance to best practices in such areas as – composition of board of directors (20% weighted); audit committee (15%); remuneration committee (15%), risk management committee (15%), nomination committee (15%), corporate social responsibility (10%), investor relations (5%) and digital communication (5%). The scores are then weighted and combined with the score achieved in the presentation part of the process with an 85%/15% weighting between compliance and voting by the board of editors.

The Asset Magazine is a financial business magazine written for users and providers of financial services in Asia. The Asset has an average monthly circulation of 17,412 (Source: BP A, June 2008) of which 85% is distributed within Asia. The Asset is published by The Asset Publishing and Research Ltd. (www.theasset.com). For further information, please contact: The Editors, 852-2573-6078 or Editors {at} theasset(.)com

About Infosys Technologies Ltd.

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 100,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www. Infosys.com.

Infosys Safe Harbor

Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2008, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.

For further information, please contact:

North America
Peter McLaughlin
Infosys Technologies Ltd, US
Phone: 213 268-9363
Peter McLaughlin

Asia Pacific
Bani Paintal Dhawan
Infosys Technologies, India
Phone: 080 2852 2408
Bani Paintal Dhawan

Australia
Shyam Deshpande

Infosys Technologies Australia

Phone : +61-3-9860-2547

Shyam_Deshpande

EMEA
Antonia Maneta

Infosys Technologies, UK

Phone: +44 (0) 207 715 3499

Antonia Maneta