Wipro discloses vendor status with World Bank

Bangalore, India/New Jersey, USA, January 12, 2009: Wipro Technologies, the global IT services business of Wipro Limited (NYSE: WIT) today announced that in connection with revised disclosure policies, Wipro and the World Bank are disclosing that in June 2007 the World Bank determined Wipro to be ineligible to contest direct contracts from the World Bank for the period 2007 – 2011.

In 2000, in connection with its Initial Public Offering (IPO) of American Depository Shares (ADS) in the United States, Wipro offered a commonly utilized and Securities and Exchange Commission approved Directed Share Program (DSP) that allowed employees and clients to purchase ADSs at the IPO market price. The Program’s objective was to involve employees and customers with the public offering to expand our recognition and brand. A majority of the shares sold under the DSP were allotted to our employees.

Pursuant to this program, Wipro representatives offered the World Bank, through its Chief Information Officer (CIO) and a senior staff, participation in the program and they directed this offer to members of their family and friends. The aggregate number of shares purchased by them was 1,750 for approximately $72,000 at the IPO price. All participants in the program signed a conflict of interest statement that their purchase did not violate any ethics or conflict of interest policies of their company.

To date, Wipro’s revenue from World Bank is insignificant. Our inability to get future business from World Bank will not adversely affect our business and results of operations.

About Wipro
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development, and maintenance services to corporations globally.

In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services.

Wipro also has a profitable presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro’s ADS’ are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange – Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com and www.wiprocorporate.com.

Media Contacts:
Wipro Technologies

India:

Radhika Mahadevan

Wipro Technologies

+91- 9945042603

radhika.mahadevan {at} wipro(.)com

Purvika Anand

Gutenberg Communications

+91 9901134441

purvika {at} gutenbergpr(.)com

US:

Lavanya DJ

Gutenberg Communications

+ 212).239.8740

lavanya {at} gutenbergpr(.)com

Eric Belove

Wipro Technologies

+ 1 (732).216.6242

eric.belove {at} wipro(.)com

UK:

Rahul Kadavakolu

Wipro Technologies

+44 792 020 5496

rahul.kadavakolu {at} wipro(.)com

Shalini Siromani

Gutenberg Communications

+44.79.6066.3200

shalini {at} gutenbergpr(.)com

Contact for Investor Relations

Rajendra Kumar Shreemal

Senior Manager

Phone: +91-80-2844-0079

Fax: +91-80-2844-0051

rajendra.shreemal {at} wipro(.)com