Bangalore, India, May 20, 2008
Infosys Technologies Limited today announced that it will avail of NASDAQ's recent rule amendment allowing a company to furnish its annual reports on its website in lieu of physical distribution. This new rule amendment, which relates to ADS holders, is intended to allow additional methods of disclosure for NASDAQ-listed companies, thereby reducing costs and enabling them to use technology to provide information to investors in a timelier manner.
Accordingly, the Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2008 together with the Indian Annual Report will be made available on the Infosys Technologies website at www.infosys.com. As per the new rule amendment, the company will no longer circulate physical copies of the Annual Report on Form 20-F or the Indian Annual Report to ADS holders.
However, in compliance with the NASDAQ rule amendment, physical copies of Infosys' Annual Report on Form 20-F and the Indian Annual Report will be made available, at no cost, to ADS holders or shareholders on request. Interested ADS holders or shareholders may write to The Company Secretary at Infosys' registered office at Electronics City, Hosur Road, Bangalore-560 100, or email their request to firstname.lastname@example.org .
This new approach will allow the company's ADS holders and shareholders more time to review annual report materials in advance of the annual general meeting. In addition, this effort will further reiterate the company's commitment to the environment by saving on printing large volumes of paper and thereby reducing its environmental impact.
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 1,00,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com
For further information, please contact: PR_Global@infosys.com