Tech mahindra
Tech mahindra

Satyam files application to delist ADSs from Euronext Amsterdam

Hyderabad, INDIA, April 14, 2009: Satyam Computer Services Ltd. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the "Company") announced today that it had filed an application for delisting from NYSE Euronext, the regulated market of Euronext Amsterdam (“Euronext Amsterdam”), of its American Depositary Shares ("ADSs"), which are currently traded on Euronext Amsterdam. Upon careful consideration of the advantages and disadvantages of its listing on Euronext Amsterdam, the board of directors of the Company has come to the conclusion that the financial and legal burdens of a listing no longer justify a listing on Euronext Amsterdam. The application for delisting is subject to the approval of Euronext Amsterdam. Upon delisting from Euronext Amsterdam, the Company's equity shares are expected to remain listed and traded on the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE"), and its ADSs are expected to remain listed and traded on the New York Stock Exchange in New York ("NYSE"). The Company does not currently intend to delist from any of the BSE, NSE or NYSE.


Satyam Contacts:

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

India             Archana Muthappa archana_muthappa@satyam.com
                     +91-981-980-8681

US                  Bob Olivier robert_olivier@satyam.com
                      +1-301-654-0535

Europe           Sandeep Thawani Sandeep_Thawani@Satyam.com
                       +44-783-010-3838

Asia-Pacific   Dan Bleakman Dan@howorth.com.au
                      +61-439-408-484
                       Reshma Wad Jan Reshma@wer1.net
                       +65-98-140-507

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Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.4 billion company with 117,600+ professionals across 90 countries, helping over 840 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia as per Forbes 2016 list.

The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

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