Satyam denies leadership fled the country

Hyderabad, INDIA, January 15, 2009: Satyam flatly denies malicious media reports that suggest executives –  specifically, Ram Mynampati, Virender Aggarwal and Keshab Panda –  left the country to avoid interacting with investigating authorities.  In fact, Dr. Panda remains in India, while Mr. Mynampati and Mr. Aggarwal have returned to the US and Singapore, respectively, where they are based.  

Satyam generates 97% of its revenues from outside of India.  These executives are currently meeting with customers in their regions to personally assure them of our ongoing commitment.  Satyam continues to serve its customers with excellence, and has received many expressions of confidence and support from clients, due to these efforts. 

Satyam Contacts:

For clarifications, write to us at MediaRelations@Satyam.com
Or contact our global Satyam PR representatives at:

India                                        Deepa Jayaraman deepa.jayaraman@ipan.com
                                                +91-981-980-8681

                                                Ajith Henry ajith.henry@ipan.com
                                                +91-982-081-4870

US                                           Melissa Baratta mbaratta@ricochetpr.com 
                                                 +1-212-679-3300 ext. 118

Europe                                   Sandeep Thawani Sandeep_Thawani@Satyam.com
                                                 +44-783-010-3838

Asia-Pacific                          Dan Bleakman Dan@howorth.com.au
                                                 +61-439-408-484
           
                                                 Reshma Wad Jain Reshma@wer1.net
 +65-98-140-507

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, 2008, furnished to the Securities and Exchange Commission on 07 November, 2008, and the other reports filed with the Securities and Exchange Commission from time to time. These filings are available at http://www.sec.gov.

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