Satyam Submits Letter to SEBI Regarding Bidding Process

HYDERABAD, India, March 24 /PRNewswire-FirstCall/ -- Satyam Computer Services
Ltd. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the "Company") announced today
that it had submitted a letter (the "SEBI Letter") to the Securities and
Exchange Board of India ("SEBI") relating to the process to be followed by the
Company pursuant to Regulation 29A of the SEBI Takeover Regulations to select
an investor and the in-principle exemptions/relaxations granted by SEBI from
applicable SEBI regulations and guidelines. This press release and the SEBI
Letter are being furnished to the U.S. Securities and Exchange Commission (the
"SEC") on Form 6-K, and are available to the public over the Internet at the
SEC's website at http://www.sec.gov and on the website of Bombay Stock
Exchange and National Stock Exchange.

This press release is not an offer of securities for sale in the United
States. Securities may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act
of 1933, as amended. Any public offering of securities to be made in the
United States will be made by means of a prospectus that may be obtained from
the Company and that will contain detailed information about the Company and
its management, as well as financial statements. The Company does not intend
to register any securities in the United States or to conduct a public
offering of securities in the United States.

As previously disclosed, the Company Law Board Principal Bench New Delhi
authorized the Company's Board of Directors to select an investor, subject to
certain conditions. SEBI's approval is not an assurance that any qualified
investor will bid to acquire any interest in the Company at an appropriate
price or at all.

About Satyam
Satyam (NYSE: SAY), a leading global business and information technology
services company, delivers consulting, systems integration, and outsourcing
solutions to clients in numerous industries across the globe. Satyam leverages
deep industry and functional expertise, leading technology practices, and an
advanced, global delivery model to help clients transform their highest-value
business processes and improve their business performance. The company's
professionals excel in engineering and product development, supply chain
management, client relationship management, business process quality, business
intelligence, enterprise integration, and infrastructure management, among
other key capabilities.

Satyam development and delivery centers in the US, Canada, Brazil, the UK,
Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve
numerous clients, including many Fortune 500 organizations. For more
information, see www.satyam.com.

SOURCE Satyam Computer Services Ltd.

MediaRelations@Satyam.com