Internationally acclaimed Infosys Technologies hosts Banking CXO SummIT in Bangkok

Inaugurated by His Excellency, The Prime Minister of Thailand Dr. Thaksin Shinawatra

Bangkok, February 26, 2003

Infosys Technologies Ltd (NASDAQ:INFY), a leading global Information Technology (IT) company headquartered in India, is hosting a Banking CXO Summit themed on “Technology Enabled Agile Banking”, at The Oriental Hotel on March 3, 2003. The summit will be inaugurated by His Excellency, The Prime Minister of Thailand, Dr. Thaksin Shinawatra and will be presided over by Mr. N R Narayana Murthy, Chairman and Chief Mentor of Infosys Technologies. This event is set to attract senior bankers and prominent dignitaries in Thailand.

According to Mr. Narayana Murthy, Chairman and Chief Mentor, Infosys Technologies, "Banking today is about information, and technology has transformed the way banks function world-over. Thailand is one of the major countries in the APAC region poised for tremendous economic growth and transformation. At the center of any economic revolution is the maturing of the country’s banking and financial segment. We believe this is what we are seeing in Thailand, and Infosys through its suite of Finacle banking products is well placed to add value to the banking industry in Thailand. The Banking CXO Summit we are hosting is a first step to meeting and sharing ideas with key decision makers of the banks and financial institutions in the country."

Infosys Technologies has identified Thailand as a target market for their global banking solutions suite - Finacle™, and has entered into a partnership with Thailand’s Datamat Public Company Ltd. and Yip In Tsoi & Co Ltd. (YIT), to market this award-winning suite of banking solutions in the region.

Since their rollout, the Finacle suite of banking solutions has gone from strength to strength and today, 67 banks spread across 21 countries have deployed the solutions successfully and are deriving the benefits of cutting edge technology and rich functionality. These solutions have received worldwide recognition. IBS Publishing of UK has listed Finacle Core BankingTM among the top 3 best selling retail banking solutions consecutively for the last two years.

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