Nasdaq Notifies iGATE Corporation of Compliance With Marketplace Rule 4310(c)(14) PITTSBURGH, May 2 /PRNewswire-FirstCall/ -- On May 2, 2005, iGATE Corporation (NASDAQ:IGTEE) filed with the Securities and Exchange Commission (the "Commission") Amendment No. 1 to its Annual Report on Form 10-K for the period ended December 31, 2004 (the "Amended Annual Report"). The Amended Annual Report contains "Management's Report on Internal Control Over Financial Reporting" and the Company's independent registered public accounting firm's audit opinion on management's assessment of the effectiveness of the Company's internal control over financial reporting and their audit opinion on the effectiveness of the Company's internal control over financial reporting. The Company's financial results, as previously reported in its 2004 Annual Report on Form 10-K filed with the Commission on April 7, 2005, have not been revised in the Amended Annual Report. (Logo: http://www.newscom.com/cgi-bin/prnh/20010110/IGTELOGO ) On May 2, 2005 the Company was notified by The Nasdaq Stock Market that based upon the filing of the Amended Annual Report it was now back in compliance with Nasdaq Marketplace Rule 4310(c)(14). The Nasdaq staff further advised the Company that the matter relating to the delisting of the Company's common stock from The Nasdaq National Market is closed, and that the trading symbol for the Company's common stock will be changed from IGTEE to IGTE at the opening of business on May 4, 2005. About iGATE Corporation: iGATE Corporation (NASDAQ:IGTEE) is the first fully integrated technology and operations firm with a global service model. iGATE Corporation, through its offshore subsidiary iGATE Global Solutions Ltd., enables clients to optimize their business through a combination of process investment strategies, technology leverage and business process outsourcing and provisioning. Services include consulting, enterprise data management and data warehousing, business intelligence and analytics, design, development, system integration, package evaluation and implementation, re-engineering and maintenance. iGATE Corporation also offers IT Professional Services in the areas of packaged application implementation, custom development, web services and business intelligence. The company services more than 500 clients across five continents. Clients rely on iGATE because of our high quality of service, our responsiveness and our cost-effective global reach. More information on iGATE is available at http://www.igatecorp.com/ . Some of the statements in this news release that are not historical facts are forward-looking statements. These forward-looking statements include our financial, growth and liquidity projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business, cash flows, costs and the markets in which we operate. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects" and similar expressions are intended to identify certain forward-looking statements. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, our ability to predict our financial performance, the level of market demand for our services, the highly-competitive market for the types of services that we offer, the impact of competitive factors on profit margins, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, our ability to reduce costs and conserve cash, currency fluctuations and market conditions in India and elsewhere around the world, political and military tensions in India and South Asia, changes in generally accepted accounting principles and/or their interpretation and other risks that are described in more detail in our filings with the Securities and Exchange Commission including our Form 10-K (as amended) for the year ended December 31, 2004. http://www.newscom.com/cgi-bin/prnh/20010110/IGTELOGO http://photoarchive.ap.org/ DATASOURCE: iGATE Corporation CONTACT: Laureen Laby, Director, Investor Relations of iGATE Corporation, +1-412-787-9230, or Web site: http://www.igatecorp.com/

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