Citisoft Appoints Jonathan Clark As Global CEO

London - 30 October 2007

Citisoft Plc, the specialist investment management consulting firm, subsidiary of Satyam Computer Services Ltd (NYSE: SAY), announced that Jonathan Clark has been appointed as its Global CEO. Clark, who has been instrumental in Citisoft's growth since its inception in 1986, will take responsibility for driving Citisoft's business and overseeing the structure that serves the firm's clients more effectively at both a global and local level.

The Citisoft group restructured its regional offices earlier this year under newly appointed regional heads to support its growth. In response to demand from its tier one clients, Citisoft has revealed plans for growing its business in Japan, Australia, Singapore and developing its off-shoring practice in India.

Clark's appointment coincides with a period of significant change and growth in the investment management industry. Increasingly, investment management firms are seeking to implement technology solutions on an enterprise level and include their operations around the globe in these new installations. In addition, there is increasing convergence between buy and sell side technology as each looks to benefit from the operational efficiency and decision support achieved by the other.

Commenting on the appointment, the Chairman of Citisoft, Mr. Ram Mynampati says "We are witnessing a period of tremendous growth opportunities for delivering high value high impact transformational consulting and technology services to the Financial Services market place. Citisoft is well positioned to play a significant role in this and I am very pleased that Mr. Clark is taking over the leadership of Citisoft at this exciting period".

Commenting on his appointment, Clark says, "Citisoft's clients, both long-standing and new, look to us for help in navigating and understanding the implications of industry-wide changes. Citisoft's global presence, combined with a deep understanding of local issues, has led to an increasing number of mandates from clients for global change management. Our teams in London, the US and Asia have a deep understanding of local market issues as well as global best practises.

We now have the people, process and structure to help our clients all over the world."

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