Satyam to Become First Indian Company to List on Three Major Stock Exchanges

Satyam Computer Services Ltd on January 22, 2008 has announced that its intention to list its American Depository Shares (ADS) on Euronext in Amsterdam.

With the Euronext listing, Satyam will become the first Indian Company to list on three major exchanges around the world, making it a truly globally-tradeable entity. The announcement was made by Satyam chairman Mr. Ramalinga Raju at the first-ever opening bell-ringing ceremony the National Stock Exchange (NSE) here. Other Satyam board members and leaders were present at the ceremony.

"It is indeed an honor to be the very first Company to ring the opening bell at the NSE and to inaugurate this prestigious way of being recognized as a leading Company. The fact that this event also commemorates our imminent listing on Euronext makes it even more prestigious for us. A Euronext listing is a significant and exciting move for the Company, reinforcing our position as a global organization," Mr. Raju said. "Europe is a dynamic and growing market for Satyam and our listing will demonstrate our continued and growing commitment to the region," he added.

Satyam will also be the first Company to list its existing ADSs on Euronext using the exchange's Fast Path application, a means of expediting the cross-listing of non-European Union-based Companies that are already listed on the NYSE. This initiative provides Satyam the means to directly access a larger pool of capital, and gives investors across the EU the opportunity to directly invest in Satyam through a local exchange.

The NYSE, Euronext and NSE are affiliated entities. Upon listing on Euronext, Satyam establishes its association with all three exchanges under one group, and strengthens its presence in three important markets.

'Listing with Euronext will provide numerous benefits to the exchange's customers, and to
Satyam's investors. In addition to making investing in Satyam easier, it enables extended trading. That is, investors can purchase stock on Euronext and sell it on the NYSE the same day," added Raju.