SAY Saratoga Investment Corp

HYDERABAD, India, Jan. 8 /PRNewswire-FirstCall/ -- Satyam Computer Services Limited (NYSE:SAY) said today its top leaders have pledged to remain in the company and work jointly to steer the organization following shocking disclosures by its founder and chairman Mr. Ramalinga Raju of financial irregularities. Ten of the most senior executives of Satyam, including interim CEO Mr. Ram Mynampati, gathered at its headquarters in Hyderabad, have collectively committed not to resign from the company which has approximately 53,000 associates. Approximately 40 other top managers from various geographical regions - known as the "Leadership Council" - have also given their commitment to remain in the company. "The pledges of commitment from these leaders, coming hours after disclosures and the resignation of Mr. Raju, underscore the unity and determination of the Satyam leadership to steer the company through this crisis," the eight leaders said in a joint statement. The company will hold a press conference at 5 pm IST in Hyderabad to outline an action plan to address key concerns of various stakeholders including customers, investors, employees and business partners. "Satyam is facing a major crisis in which the unity and clear strategic direction of its top leadership are of paramount importance. This collective commitment will serve to significantly assuage concerns of various stakeholders in a highly fluid and challenging situation," the leaders added. The ten top managers in the leadership team are: Mr. Ram Mynampati, interim CEO Mr. Subu D. Subramanian, Head, Manufacturing & Automotive Mr. T.R. Anand, Head of Telecommunications, Infrastructure, Media & Entertainment and Semiconductors Mr. Keshab Panda, Head, Europe, Energy & Utilities Mr. Virender Aggarwal, Head of Asia Pacific, India, Middle East, Africa Mr. Manish Mehta, Head, SAP & Testing Practices Mr. A.S. Murthy, Head, Global Delivery and Global Leadership Development Mr. Murali Venkataramani, Head, Commercial Mr. Hari Thalapalli, Head of Marketing Mr. S.V. Krishnan, Head of Human Resources About Satyam Satyam (NYSE:SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and more than 65* countries. Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's 52,865* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities. Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 690* clients, including 185* Fortune 500. For more information, see http://www.satyam.com/. *As of September 30, 2008 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/. DATASOURCE: Satyam Computer Services Limited CONTACT: India: Deepa Jayaraman, +91-981-980-8681, , or Ajith Henry, +91-982-081-4870, ; US: Melissa Baratta, +1-212-679-3300 ext. 118, ; Europe: Sandeep Thawani, +44-783-010-3838, , Asia-Pacific: Dan Bleakman, +61-439-408-484, , or Reshma Wad Jain, +65-98-140-507, , all for Satyam Web Site: http://www.satyam.com/

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