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Analyst Meet 2002

Date: Tuesday, 27 August, 2002
Place: Infosys City, Bangalore

Press Release - August 21, 2002

Welcome Address

V. Balakrishnan
V. Balakrishnan Company Secretary and Vice President - Finance

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Theme Address

Nandan M. Nilekani
Nandan M. Nilekani Chief Executive Officer President and Managing Director

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Mr. S. Gopalakrishnan
S. Gopalakrishnan Chief Operating Officer and Deputy Managing Director

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T. V. Mohandas Pai
T. V. Mohandas Pai Director - Finance and Administration and Chief Financial Officer

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State of the market

Mr. Basab Pradhan
Basab Pradhan Senior Vice President and Head - World Wide Sales

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Challenges in the Asian market

V. Sriram
V. Sriram Regional Manager and Associate Vice President -Sales (Asia Pacific)

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Challenges in the European market

Mr.Srinjay Sengupta
Srinjay Sengupta Regional Manager and Associate Vice President - Sales (Europe)

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Business Transformation through Technology

U. B. Pravin Rao
U. B. Pravin Rao Vice President - Delivery (Europe)

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Leveraging Business Domain Competency

Dr. P. Balasubramanian
Dr. P. Balasubramanian Senior Vice President - Domain Competency Group

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Creating thought leadership in Technology

Mr. G. V. Subramanyam
G. V. Subramanyam Associate Vice President - Software Engineering & Technology Labs

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Broadening the Services Footprint - Business Process Management

Mr. Rajiv Kuchhal
Rajiv Kuchhal Head - Delivery Progeon Limited

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Broadening the Services Footprint - IT Outsourcing and System Integration

Mr. Srinath Batni
Srinath Batni Regional Manager and Associate Vice President - Sales (Europe)

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Open House

Mr. Narayana Murthy Mr. Nandan Nilekani Mr. S.Gopalakrishnan Mr. K.Dinesh Mr. S.Shibulal Mr. Mohandas Pai Mr. Srinath Batni

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Disclaimer

Certain statements may be made in this Analyst Meet concerning our future growth prospects that may be forward looking statements. These involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2002 and quarterly report on Form 6-K for the quarter ended June 30, 2002. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward looking statement that may be made from time to time by or on behalf of the company.