SAY Saratoga Investment Corp

HYDERABAD, India, Jan. 14 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd. (NYSE:SAY) announced today that its Board of Directors received on January 13, 2009, a letter from Satyam's statutory auditors, Price Waterhouse, stating that Price Waterhouse performed audits of Satyam from the quarter ended June 30, 2000, until the quarter ended September 30, 2008 (the "Audit Period"), and notifying the Board that in view of the contents of the resignation letter of B. Ramalinga Raju, former Chairman of the Board of Directors of Satyam, Price Waterhouse's audit reports and opinions in relation to Satyam's financial statements for the Audit Period should no longer be relied upon. About Satyam Satyam (NYSE:SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in numerous industries across the globe. 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 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 clients, including Fortune 500. For more information, see http://www.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 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 Ltd. CONTACT: India, Deepa Jayaraman, +91-981-980-8681, , or US, Melissa Baratta, +1-212-679-3300 ext. 118, , or Europe, Sandeep Thawani, +44-783-010-3838, , or Asia-Pacific, Dan Bleakman, +61-439-408-484, , or Reshma Wad Jain, +65-98-140-507, , all of Satyam; or for clarifications, write to Web Site: http://www.satyam.com/

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