SAY Saratoga Investment Corp

HYDERABAD, India, Jan. 9 /PRNewswire-FirstCall/ -- Satyam Computer Services Limited (NYSE:SAY) said today that it has received a notification from the Company Law Board, Government of India, that it intends to appoint 10 nominees as directors of the company to replace the current board. In view of this decision the board meeting originally scheduled for January 10, 2009, has been cancelled. The new board is expected to meet within 7 days of its constitution. "We welcome this decision which will ensure uninterrupted operations and restore the confidence of all employees, customers and shareholders across the globe," the company said. The company added that Interim CEO Mr. Ram Mynampati had earlier written to the Securities and Exchange Board of India; the Company Law Board; the IT Secretary, Government of Andhra Pradesh; NASSCOM; and the Confederation of Indian Industry for recommendations to nominate independent directors. 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 Satyam Contacts: For clarifications, write to us at Or contact our global Satyam PR representatives at: India Deepa Jayaraman +91-981-980-8681 US Melissa Baratta +1-212-679-3300 ext. 118 Europe Sandeep Thawani +44-783-010-3838 Asia-Pacific Dan Bleakman +61-439-408-484 Reshma Wad Jain +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 November 7, 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, , 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 of Satyam Computer Services Limited; For clarifications,

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