PATNI

Clarification of News : The press had reports that Patni Computer Systems Limited is planning an American Depositories Receipts (ADR) issue. 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. Patni Computer Systems Limited has vide its letter inter-alia stated, "In this connection we wish to clarify that the Board of Directors have neither considered nor approved any such proposal. The necessary intimation would be gi

Patni Computer Systems Limited has informed the Exchange that the Compensation Committee of Directors of the Company vide circular resolution dated October 01, 2004 have approved the grant of 27,76,232 options under the Company's Stock Option Plan 2003 (Patni ESOP 2003) to certain employees of the Company at an Exercise Price of Rs.338/- each per share.

Patni Computer Systems Limited has informed the Exchange that the Company has on December 21, 2004, issued a press release titled 'Patni receives Award for Excellence in Electronics'. The details of the press release issued by the company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Patni Computer Systems Limited has informed the Exchange that the Compensation Committee of Directors of the Company vide circular resolution dated December 06, 2004 allotted 28050 Equity shares of par value of Rs.2/- each to certain employees of the Company pursuant to exercise of the options granted to them under the Company's Stock Option Plan 2003 (Patni ESOP 2003).

Barclays has informed the Exchange that General Atlantic Mauritius Limited have sold 4,100,000 shares amounting to 3.3% of the total share capital of Patni Computer Systems Limited and the shareholding after the said sale is 31,271,697 shares.

Patni Computer Systems Limited has informed the Exchange that General Atlantic Mauritius Limited has sold 41,00,000 equity shares amounting to 3.30% of the total paid up share capital of Patni Computer Systems Limited on November 19,2004.The mode of sale is through open market. The shareholding of General Atlantic Mauritius Limited after the said sale is 3,12,71,697 equity shares amounting to 25% of the total paid up share capital of the company.

Patni Computer Systems Limited has informed the Exchange that General Atlantic Mauritius Limited(GAML) has sold 41,00,000 equity shares amounting to 3.30% of the total paidup sharecapital of Patni Computer Systems Limited on November 19,2004.The shareholding of General Atlantic Mauritius Limited after the said sale is 31271697 equity shares of the company.

Patni Computer Systems Limited has informed the Exchange that the Compensation Committee of Directors of the Company vide circular resolution dated November 08, 2004 allotted 47,860 Equity shares of par value of Rs.2/- each to certain employees of the Company pursuant to exercise of the options granted to them under the Company's Stock Option Plan 2003 (Patni ESOP 2003).

Patni Computer Systems Limited has informed the Exchange that the Company has on November 18, 2004, issued a press release titled 'Patni ranked amongst 10 Best Companies to work for in India'. The details of the press release issued by the company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Patni Computer Systems Limited has informed the Exchange regarding a press release titled 'Patni enters Telecommunications vertical - Acquires Cymbal Corporation in US$ 68 million'. The details of the press release issued by the company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Patni Computer Systems Limited has informed the Exchange that the Compensation Committee of Directors of the Company vide circular resolution dated October 20, 2004 allotted 85,050 Equity shares of par value of Rs.2/- each to certain employees of the Company pursuant to exercise of the options granted to them under the Company's Stock Option Plan 2003 (Patni ESOP 2003).

Patni Computer Systems Limited has informed the Exchange that the Company through Patni Computer Systems, Inc., its wholly owned subsidiary in the US, has entered into a definitive agreement to acquire Cymbal Corporation Inc., a California based IT Services company for a approximately USD 68 million in cash to be paid over a period of time, subject to adjustments. Cymbal Corporation, with its domain expertise in the Telecommunications Service Provider (TSP) market, brings an opportunity for the Company to : 1) make an entry into the Telecommunications vertical with over 20 customers, with many