Satyam Computer Services Wins Awards for Risk Management and Solution Delivery Company Recognized by Key IT and Business Executives at the Global Sourcing Summit HYDERABAD, India, Nov. 24 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd., (Satyam) (NYSE:SAY), a leading global IT services provider, today announced that the company won the "Risk Management Award", a prestigious award recognizing effectiveness in managing risk, and the "Solution Delivery Award", which recognizes creativity in enhancing or transforming a client's business/competitiveness at the first Global Sourcing Summit hosted in Bonita Springs, Florida from November 7-9, 2004. Satyam was declared a Joint Winner in the three-way tie for the Solution Delivery award. The Global Sourcing Summit is produced by Vision Events, a Gartner, Inc. (NYSE:ITNYSE:andNYSE:ITB) company. Ram Mynampati, President Satyam Commercial & Healthcare business, said, "We take great pride in receiving these awards because it was the attendees of the Gartner Global Sourcing Summit who selected the recipients for this accolade. This honor demonstrates that decision makers of prominent companies recognize the value that Satyam delivers to clients, regarding the best possible strategy for risk management and solution delivery." "The Sourcing Executives in attendance review many global sourcing solutions at the Gartner Global Sourcing Summit. A Global Sourcing Summit Award signifies that the attendees viewed the winners as having a level of excellence for Sourcing Vendors in their category," said Charles Badoian, Senior Global Director for Global Sourcing Summit. One hundred fifty pre-qualified CxO-level sourcing and business executives, leading service providers, Gartner analysts, and other industry experts participated in the inaugural Gartner Global Sourcing Summit in Bonita Springs, FL. At the Summit, Sourcing Executives examined governance models, knowledge management and relationship models that work effectively for nearshore and offshore sourcing. Through Gartner analyst presentations, industry panel discussions, and case study presentations by service providers, the attendees explored practical examples of how organizations should approach and implement their sourcing strategies. About Satyam: Satyam Computer Services Ltd. (NYSE: "SAY") is a leading global consulting and IT services company, offering a wide array of solutions customized for a range of key verticals and horizontals. From strategy consulting right through to implementing IT solutions for customers, Satyam straddles the entire IT space. It has excellent domain competencies in verticals such as Automotive, Banking & Financial Service, Insurance & Healthcare, Manufacturing, Telecom- Infrastructure-Media-Entertainment-Semiconductors (TIMES). As a diverse end- to-end IT solutions provider, Satyam offers a range of expertise aimed at helping customers re-engineer and re-invent their businesses to compete successfully in an ever-changing marketplace. Satyam's network spans 45 countries, across 6 continents. Over 16,800 dedicated and highly skilled IT professionals, work in development centers in India, the USA, the UK, the UAE, Canada, Singapore, Malaysia, China, Japan and Australia, and serve over 350 global companies, including over 109 Fortune 500 corporations. For more information visit us at: http://www.satyam.com/ For clarifications write to us at Or contact our PR Agency at: India Rajesh G, , +91 40 55319862, +91 9849042184 US Ivette Almeida, , +1 212 983 1702 ext 209 Asia-Pacific Norkiah Natassia Noor, , +65 6737 4844, +65 9735 9439 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 September 30, 2004 furnished to the United States Securities Exchange Commission on November 12, 2004 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov/ DATASOURCE: Satyam Computer Services Ltd. CONTACT: India - Rajesh G, +91-40-55319862, +91-9849042184, or ; US - Ivette Almeida, +1-212-983-1702, ext. 209 or ; Asia-Pacific - Norkiah Natassia Noor, +65-6737-4844, +65-9735-9439 or , all for Satyam Computer Services Ltd. Web site: http://www.satyam.com/

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