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Satyam Refines Bidding Process

Hyderabad, INDIA, April 2, 2009: Satyam Computer Services Ltd. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the "Company") announced today that it had submitted a letter (“SEBI Letter”) to the Securities and Exchange Board of India (the “SEBI”) relating to a slight modification in the bidding process to be followed by the Company to select an investor. This press release and the SEBI Letter have been filed with the Bombay Stock Exchange and the National Stock Exchange. This press release and the SEBI Letter are also being furnished to the U.S. Securities and Exchange Commission (the “SEC”) on Form 6-K, and are available to the public over the Internet at the SEC’s website at http://www.sec.gov.

This press release is not an offer of securities for sale in the United States.  Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.  Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and its management, as well as financial statements.  The Company does not intend to register any securities in the United States or to conduct a public offering of securities in the United States.
As previously disclosed, the Company Law Board, Principal Bench New Delhi authorized the Company’s Board of Directors to select an investor, subject to certain conditions.

 


Satyam Contacts:

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



India                            Archana Muthappa archana_muthappa@satyam.com
                                     +91-981-980-8681

US                               Jim Swords james_swords@Satyam.com
                                    +1-703-877-2225

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 Jan Reshma@wer1.net
                                     +65-98-140-507

 

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