• Participates as a silver sponsor at the event which has been organized by Telemanagement Forum for the first time in the region
• Demonstrates proven expertise in Integrated BSS/Billing, Service & Network Assurance, Telecom Analytics and Next-Gen Network Platforms & Portals

Dubai, March 03, 2008: Satyam (NYSE: SAY), a leading global business and information technology services company, announced its participation as the silver sponsor at Management World Middle East, an event organized by TM Forum, the world's leading trade association that focuses on the world of communications, information and entertainment services. As an end-to-end system integrator for communication service providers, Satyam will showcase the Telco xPress, which offers pre-integrated solutions for telecommunication companies to acquire customers, provision services, generate revenues and manage businesses. In addition, Bhanu Murthy Nallagonda, Practice Head - BSS/OSS and Digital Convergence is a panelist at the ‘Revenue Management Assurance’ debate session, which will be held on the first day. Further, the company aims to highlight its experience with the telecom sector, where it has executed large co-sourced and outsourced engagements in BSS/OSS systems integration, service/subscriber portals, analytics and decision support, IT consulting, and application development and maintenance. The event is slated to be held from March 3 to 5, 2008 at the Le Meridien Hotel, Dubai, under the theme, ‘D elivering Winning Solutions for Service Operations’.

“The telecommunications sector in the Middle East is at its peak, offering outstanding opportunities for service providers to maximize the highly favorable market climate by introducing innovative management solutions, which support telecom companies amidst the increasing number of customers,” said Virender Aggarwal, Director and Sr.Vice President for Satyam's Asia-Pacific, Middle East, India and Africa operations.“Through our participation in this event, we expect to expand our current networks, broaden our perspective on the current market scenario through the outstanding array of services, which will be showcased at the event, and generate significant awareness for our own high value service offerings.

With a view towards helping build winning management solutions in the regional telecommunications services market, the forum is set to focus on the increasing opportunities within this highly active sector at the event. In addition, the event is also set to feature conferences and training sessions to provide its visitors with the latest industry facts, and professional advice on how to build winning management solutions to remain profitable within the ever-growing market.

TR Anand, Director & Senior Vice President, Head – TIMES*, Business Unit , said: “This decade is one of the most exciting times for Telecommunications Business, especially in the Middle East and Africa. The breadth and depth of services now available to consumers is driven by both business and technology innovation, and Satyam is proud to be associated with Telecom Service Providers in the region as a Systems Integration partner building a range of Service Delivery Platforms. Satyam’ s alignment with TM Forum is guiding the industry towards the adoption of right standards”

“Our participation in this high impact event is part of our aggressive movement towards establishing Satyam as a leading name not only in the telecom sector but also across the region’s fastest growing industries. The outstanding profile of this event complements the assertive manner in which we intend to build our reputation in the regional market and we are optimistic that our presence in this event will afford us significant mileage, which will further augment our standing among regional and global clients,”concluded Aggarwal.

Satyam recently announced that it has achieved over 100 per cent growth in its year-on-year revenues and added over 20 per cent in its quarter-on-quarter numbers for the third quarter of its fiscal year 2007-2008, which mar ks the highest jump in revenues for the company in its 12 years in the region. The company also revealed that its regional operations have generated 11 per cent of its Rest of the World (Asia-Pacific, Middle East, India and Africa) earnings, which has been the result of its dedicated movement to penetrate new markets.

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 6-K concerning the quarter ended December 31, 2007, furnished to the United States Securities Exchange Commission on January 28, 2008 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.