Satyam receives global recognition from the Institute of Internal Auditors, USA

• The Internal Audit team of Satyam awarded the “Recognition of Commitment Award (ROC)”

Hyderabad, February 7th 2006: Satyam Computer Services Ltd. a global Consulting and IT service provider has announced that the company’s Internal Audit team has joined the elite list of companies across the world to have received “Recognition of Commitment Award (ROC)”from “The Institute of Internal Auditors, USA (IIA)”.

The ROC Award is the upper most recognition for an internal audit department confirming the company’s commitment to best practices and highest quality standards. Satyam is only the third company in India to achieve the coveted award from IIA.

The Recognition of Commitment (ROC) award is designed to recognize internal audit departments, worldwide, that demonstrate achievements and dedication to continued improvement in their internal audit activities. The ROC includes three professional attributes: excellence which measures the knowledge, skills, and disciplines needed by the internal audit activity to carry out its responsibilities; Quality which evaluates if the appropriate criteria adopted by the internal audit activity to carry out its mission within the organization; and Outreach assessing the contribution made by members of the internal audit activity to the profession of internal auditing.

Rated highest on all these attributes, this award establishes Satyam’s best practices in monitoring organizational risks and ensuring that the internal controls in place are adequate to mitigate those risks.

Speaking on the occasion, Mr VSP Gupta, Senior Vice President, Internal Audit, said, “We are extremely happy with the recognition that our Internal Audit team has received on an international platform. Satyam is one of only 26 internal audit departments worldwide receiving this award in 2005 and it reinforces our commitment to meet the international standards in the concepts and approaches to audit function contributing to better corporate governance. From the customer’s perspective, this development would further our customer’s confidence in us, and our efforts will continue to deliver services which will match global standard of quality.”

About IIA

Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association with world headquarters in Altamonte Springs, Florida, USA. The IIA has more than 112, 000 members throughput the world, in internal auditing, governance, internal control, IT audit, education, and security. The Institute is the recognized authority, primary educator, and acknowledged leader in certification, research, and technological guidance for the profession worldwide. For further details, please visit www.theiia.org

Satyam Contacts

For further information, contact: rfi@satyam.com

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 6K concerning the fiscal quarter ended Dec. 31, 2005, furnished to the United States Securities Exchange Commission on January 27, 2006, and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at www.sec.gov

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