Satyam Announces Pricing of Sponsored ADS Offering

HYDERABAD, India, May 11 /PRNewswire-FirstCall/ -- Satyam Computer Services Limited today announced the pricing of its sponsored secondary offering of 13,043,480 American Depositary Shares (ADSs), representing 26,086,960 equity shares at US$21.50 per ADS.

The maximum size of the offering is 30,000,000 equity shares. The underwriters have an option to purchase up to 1,956,520 additional ADSs, representing 3,913,040 equity shares, within 7 days of the pricing.

The net proceeds after expenses of the offering will be returned to all the selling shareholders within 30 days of the closing of the offering, and Satyam will not receive any proceeds of this offering. Satyam's Invitation to Participate concluded on May 3, 2005 with 51,493,167 equity shares being offered for sale in the sponsored ADS offering. The unallocated equity shares will be returned to all the selling shareholders by May 27, 2005.

The Global Coordinator for the Offering was Merrill Lynch International, and the Joint Bookrunners for the Offering were Merrill Lynch International, J.P. Morgan Securities Inc. and Citigroup Global Markets Limited. Bear, Stearns & Co. Inc. and Lehman Brothers Inc. were the Joint Lead Managers and Gilford Securities Inc. and Janney Montgomery Scott LLC were Co-Managers. Enam Financial Consultants Pvt. Ltd. acted as the Indian financial advisor for the Offering.

A copy of the final prospectus may be obtained by writing to the offices of Merrill Lynch International, Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ, United Kingdom; J.P. Morgan Securities Inc., 277 Park Avenue, Floor 20, New York, New York 10172; and Citigroup Global Markets Limited, Citigroup Centre, 33 Canada Square, Canary Wharf, London E14 5LB

About Satyam:

Satyam Computer Services Ltd. is a global IT consulting services provider, offering a range of expertise aimed at helping customers re-engineer and re-invent their businesses to compete successfully in an ever- changing marketplace. Nearly 20,000* highly-skilled professionals in Satyam work onsite, offsite, offshore and near shore, to provide customized IT solutions for companies in several industry sectors. Satyam's ideas and products have resulted in technology-intensive transformations that have met the most stringent of international quality standards. Satyam Development Centers in India, the USA, the UK, the UAE, Canada, Hungary, Malaysia, Singapore, China, Japan and Australia serve 390* global companies, of which 144* are Fortune Global 500 and Fortune US 500 corporations. Satyam's presence spans 46 countries, across six continents. For more information visit us at: http://www.satyam.com/

*As of March 31, 2005

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

For clarifications write to us at Corporate_Communications@Satyam.com Or contact our global PR representatives at:

US Ivette Almeida, Ivette.almeida@annemcbride.com, +1 212 983 1702 ext 209, +1 201 232 0128 India Rajesh, rajesh@perfectrelations.com, +91 40 55319862, +91 98490 42184 Europe Priti Thakker, priti_thakker@satyam.com, +1 973 753 1858, +1 973 997 1149 Asia-Pacific Norkiah Natassia Noor, norkiah@wer1.net, +65 6737 4844, +65 9735 9439 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 6K concerning the fiscal quarter ended December 31, 2004 furnished to the United States Securities Exchange Commission on February 14, 2005 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov/