Satyam wins multi-million dollar Qantas deal

Satyam wins multi-million dollar Qantas deal

- Outsourcing support and maintenance agreement for seven-year contract
- Provides Qantas with resource and cost flexibility for current and future IT projects
- Contract for application development and maintenance services for over 150 applications across a wide range of technologies

Basingstoke, UK, 9 November, 2006: Satyam Computer Services, Ltd., the leading global consulting and information technology services company (NYSE: SAY), announced today that it has signed a seven-year contract with Qantas, a world-leading airline. The agreement covers application development and maintenance services for over 150 applications across a wide portfolio of technologies.

This follows the recent Oracle e-Business suite contract announced in August between Qantas and Satyam for the implemented elements of Qantas’ eBusiness systems. The transition of the IT support and service delivery of these applications to Satyam is already underway.

Today’s announcement follows an extensive, 12-month review by Qantas of its information technology applications development, support and maintenance functions.

Commenting on this win, Rama Raju, co-founder & chief executive officer of Satyam said “We are very proud to partner with Qantas, Australia’s leading airline as one of their global service providers and we look forward to leveraging our global expertise towards achieving Qantas goals and objectives.”

“This partnership calls for Satyam to further enhance Qantas operational efficiency and with our experience across ADMS and the airline industry, we look forward to expanding this relationship for any IT application development project in the future with Qantas,” said Virender Aggarwal, senior vice president & director, Satyam Asia Pacific & MEIA.

Over 1000 associates are serving Australia in providing similar application development activities to global majors including nine of the top Fortune 500 companies in ANZ. Satyam Australia is amongst the earliest organizations in Australia to be certified under ISO 27001 for Information Security and Management Standards, a certification which Satyam achieved enterprise-wide, globally.

About Satyam
Satyam Computer Services Ltd. (NYSE: SAY), the leading global consulting and information technology services company, provides a comprehensive scope of services to help customers reengineer and reinvent their businesses to compete successfully in an ever-changing marketplace. Nearly 35,000* highly skilled Satyam professionals work onsite, offsite, offshore, and nearshore to provide customized business solutions for companies in several industries. Satyam’s ideas and products have resulted in technology-intensive transformations that have met the most stringent international quality standards. Satyam has Development Centers in the USA, the UK, the UAE, Canada, Hungary, Malaysia, Singapore, India, China, Japan, and Australia. These centers serve 521* global companies, of which 157* are Fortune Global 500 and Fortune US 500 corporations. Satyam’s presence spans 55 countries, across six continents.
* As on September 30, 2006

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 September 30, 2006, furnished to the United States Securities Exchange Commission on October 27, 2006 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.