HEXAWARE

Hexaware Technologies Limited has informed the Exchange that at the Compensation Committee Meeting held on October 01, 2004, the Committee Members have decided to issue 35,000 options to the employees of the company under Hexaware Technologies Ltd - Employees Stock Option Plan - 2002 Scheme. The price per Option is Rs.505/- The option granted to the employees on the basis of the Experience, seniority of the employee, length of service, performance record, merit of the employee, and/or any such other criteria that may be determined by the ESOP Compensation Committee at its sole discretion.

Hexaware Technologies Limited has informed the Exchange that an EGM of the company will be held on October 19, 2004 to accord the consent of the shareholders for the acquisition and holding of equity shares of the Company by Foreign Institutional Investors ("FIIs") registered with the SEBI in this regard upto a maximum aggregate limit of 74% of the paid up equity share capital of the Company, subject to the condition that the equity shareholding of each FII/SEBI approved sub-account of FII in the company shall not at any time exceed 10% of its total paid up share capital.

Hexaware Technologies Limited has informed the Exchange that the EGM of the company will be convened on October 19, 2004.

Clarification of News : The press had reports on June 26, 2003 that the promoters of Hexaware Technologies Limited may offload a large part of their holding at about Rs. 200 per share. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Hexaware Technologies Limited has vide its letter inter-alia stated, "The Company would not like to comment on the rumour. We assure you that all the press release related to signifi