RBC Dexia Investor Services Chooses TCS BαNCS

London, UK and Mumbai, India - 6 November 2007

TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), focused on providing business application solutions to the banking, insurance and capital markets industries, today announced that it is has been selected to develop a series of modules to enhance the global custody business of RBC Dexia Investor Services.

RBC Dexia is one of the world’s leading providers of institutional investor services, with more than USD 2.6 trillion in client assets under administration and offices in 15 countries. RBC Dexia has chosen the proven TCS BαNCS platform, because of its flexibility, scalability and its capacity to handle anticipated growth in business volumes.

Rob Wright, Chief Operating Officer of RBC Dexia commented, “This initiative reinforces our ongoing commitment to provide our clients around the world with best-in-class, integrated solutions to meet their business needs. We are very pleased to be working with TCS Financial Solutions, a business unit well-known for developing technology solutions for the global financial community”.

Mr. N. Ganapathy Subramaniam, President of TCS Financial Solutions said: "We are pleased to be working with RBC Dexia on the implementation of TCS BαNCS. This is a truly global initiative that will deliver extraordinary client experience through Straight-Through-Processing, customized reporting, interactive technologies and much more. TCS Financial Solutions will provide the same deployment certainty through its proven Global Network Delivery Model™ that our other clients are experiencing across the globe.”

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