Press Releases

Infosys among seven global brands with a conscience

Bangalore, February 24, 2004: Continuing the recent trend of increased international recognition, Infosys Technologies Ltd. (NASDAQ:INFY) announced that it is among seven international companies chosen to be in the first annual list of ‘Top Brands with a Conscience’. Infosys is the only Indian company to be part of this select group.

Brought out by the Medinge Group, an international collective of brand experts who meet annually, the list is based on principles of humanity and ethics, rather than financial worth. Companies were evaluated on various parameters, ranging from the evidence of ethical programmes and human implications of the brand, to the ability of the brand to takes risks in line with its beliefs.

In a recent press release announcing the list, Medinge Group member and Beyond Branding co - author, Jack Yan, of Jack Yan & Associates, said, “Even the most traditional companies tell us that brands are emotive. Yet the brand valuation lists continue to measure only in financial terms. As the most authoritative global group on branding, we put our heads together on how to shape this list. Brands are not about how much money they can generate, but how much passion. These brands tap into our consciousness and our causes.”

Nandan Nilekani, CEO, president and MD of Infosys Technologies, said, “We are proud to be recognized amongst the world’s top brands with a conscience. Right from its inception, Infosys has lived by its motto “Powered by intellect, Driven by values”. It has endeavored to articulate the brand value in its roadmap to growth. We are delighted that the strong organizational commitment to ethics and values has earned us a place among global companies who value their conscience as much as growth and profits.”

Infosys Technologies recently won two other awards recognizing its financial performance as well as overall management. Far Eastern Economic Review rated Infosys the best company in India for the sixth consecutive year, and Asia Money selected Infosys as the Best Managed Company in India.

About Infosys Technologies Ltd.

Infosys, a world leader in consulting and information technology services, partners with Global 200 companies to provide business consulting, systems integration, application development and product engineering services. Through these services, Infosys enables its clients to fully exploit technology for business transformation. Clients leverage Infosys’ Global Delivery Model to achieve higher quality, rapid time - to - market and cost - effective solutions. Infosys has over 20,000 employees in over 30 offices worldwide. For more information, visit www.infosys.com

Safe Harbor Provision

Certain statements in this release related to the Offering constitute forward - looking statements. This Offering is subject to shareholder approval, which may not be obtained. Although the Offering is expected to be made to our equity holders in India, we may be required to exclude certain equity holders outside India to comply with U. S. rules and regulations. Our business is subject to a number of risks and uncertainties that could affect our future operating results including those 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, 2004 and on Form 6 - K for the quarter ended June 30, 2004 and September 30, 2004. These filings are available at www.sec.gov Opens in new  window. 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 statements that may be made from time to time by or on behalf of the company.

For further information, please contact:

The Americas
Peter McLaughlin
Infosys Technologies Ltd, USA
Phone: +1 213 622 4949, Ext 206

Asia Pacific
Sarah Vanita Gideon
Infosys Technologies Ltd, India
Phone: +91 80 4156 4998

Cristin Balog
Infosys Technologies Ltd, Australia
Phone : +61 3 9860 2277
Antonia Maneta
Infosys Technologies Ltd, UK
Phone: +44 0 207 715 3499

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