Satyam Computer Services to Announce Third Quarter Results on January

HYDERABAD, India, Jan. 14 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd. will announce both Indian GAAP and US GAAP results for its third quarter ended December 31, 2004, in the evening of January 20, 2005, Indian Standard Time (IST).

The release will be followed by a conference call where Satyam's Chairman B. Ramalinga Raju, Ram Mynampati, President, Commercial and Healthcare businesses and other members of the Satyam management will discuss the performance of the quarter.

The call will be at 6:30PM IST (9:00PM in Hong Kong and Singapore, 1:00PM in London and 8:00AM in New York) on January 20, 2005.

To participate in the conference call, callers can dial the relevant numbers mentioned in the program schedule given below. A replay of the conference calls would be available for seven days after the conference call, i.e. till January 27, 2005.

The conference call will have a live audio webcast on Satyam's corporate site, http://www.satyam.com/.

About Satyam:

Satyam Computer Services Ltd. is a leading global consulting and IT services company, offering a wide array of solutions customized for a range of key verticals and horizontals. From strategy consulting right through to implementing IT solutions for customers, Satyam straddles the entire IT space. It has excellent domain competencies in verticals such as Automotive, Banking & Financial Service, Insurance & Healthcare, Manufacturing, Telecom-Infrastructure-Media-Entertainment-Semiconductors (TIMES). As a diverse end-to-end IT solutions provider, Satyam offers a range of expertise aimed at helping customers re-engineer and re-invent their businesses to compete successfully in an ever-changing marketplace. Satyam's network spans 45 countries, across 6 continents. Over 16,800 dedicated and highly skilled IT professionals, work in development centers in India, the USA, the UK, the UAE, Canada, Hungary, Singapore, Malaysia, China, Japan and Australia, and serve over 350 global companies, including over 109 Fortune 500 corporations.

For more information visit us at: http://www.satyam.com/ 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 September 30, 2004 furnished to the United States Securities Exchange Commission on November 12, 2004 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov/

Program Schedule Program Date & Time (IST) Web Site Telephone Release of January 20, 2005, Results 4:00PM http://www.satyam.com/ Conference At 6:30PM, Live audio India Toll: call January 20, 2005 webcast Access: (+91 22) 2781 2277 available on Standby: (+91 22) 5591 7977 http://www.satyam.com/ No Pass Code Required ------------------------- Singapore Toll Free: (+65) 6668 7512 Hong Kong Toll Free: 800 933 188 Japan Toll Free: 00531 65 3841 Conference code: 470107# ------------------------- USA Toll Free: 877 209 0463 UK Toll Free: 0800 917 4860 US/ Intl. Toll Number: 001 706 643 0243 Conference code: 3274986# Replay of India Toll: Conference call Access: (+91 22) 2788 0506 Standby: (+91 22) 5591 7979 For further information contact: Yeshwanth Srisrimal Satyam Computer Services Ltd. Phone: 91 40 55854105 E-mail: yeshwanth_srisrimal@satyam.com Ivette Almeida The Anne McBride Company Phone: 212-983-1702 ext. 209 E-mail: ivette.almeida@annemcbride.com