Satyam Computer Services Ltd. (NYSE:SAY), a leading business and information technology services provider, today announced its intention to list its American Depository Shares (ADS) on Euronext in Amsterdam.

With the Euronext listing, Satyam will become the first Indian company to list on three major exchanges around the world, making it a truly globally-tradeable entity. The announcement was made by Satyam chairman Mr. Ramalinga Raju at the first-ever opening bell-ringing ceremony at the National Stock Exchange (NSE) here. Other Satyam board members and leaders were present at the ceremony.

“It is indeed an honor to be the very first company to ring the opening bell at the NSE and to inaugurate this prestigious way of being recognized as a leading company. The fact that this event also commemorates our imminent listing on Euronext makes it even more prestigious for us. A Euronext listing is a significant and exciting move for the company, reinforcing our position as a global organization,” Mr. Raju said. “Europe is a dynamic and growing market for Satyam and our listing will demonstrate our continued and growing commitment to the region,” he added.

“Beginning this January, the NSE will have the senior management of listed companies ring the trading bell at the exchange once every month. And with Satyam setting a benchmark with its listing on Euronext, it is only apt to have their chairman, Mr. Ramalinga Raju, initiate this practice,” said Mr. Ravi Narain, CEO & Managing Director, National Stock Exchange.

Satyam will also be the first company to list its existing ADSs on Euronext using the exchange’s Fast Path application, a means of expediting the cross-listing of non-European Union-based companies that are already listed on the NYSE. This initiative provides Satyam the means to directly access a larger pool of capital, and gives investors across the EU the opportunity to directly invest in Satyam through a local exchange.

The NYSE, Euronext and NSE are affiliated entities. Upon listing on Euronext, Satyam establishes its association with all three exchanges under one group, and strengthens its presence in three important markets.

“Listing with Euronext will provide numerous benefits to the exchange’s customers, and to Satyam’s investors. In addition to making investing in Satyam easier, it enables extended trading. That is, investors can purchase stock on Euronext and sell it on the NYSE the same day,” added Raju.

Satyam firsts

– 2008: First Indian company to list on three stock exchanges globally

– 2008: First company to ring the opening bell at the National Stock Exchange

– 2007: First Asian company to rank in Training Magazine’s Top 125 companies for learning, 2007

– 2007: The only IT services company from India ranked among the Top 20 Best Employers in Asia as judged by Hewitt Asia, 2007

– 2006: The world’s first company to achieve global certification in the ISO 9001 (quality management), ISO 20000 (information technology service management for Infrastructure Management Services and Network & Systems), and ISO 27001 (Information Security Management) standards.

– 2006: First IT company to receive the prestigious Businessworld, FICCI SEDF Corporate Social Responsibility Award

– 2001: The first organization in the world to be assessed by BVQI and found to meet requirements of the new ISO 9001:2000 International Standards, under the Tick IT scheme

– 2001: One of the first 10 companies in the world to attain an organization-wide SEI CMM Level 5 assessment, reflecting Satyam’s commitment to quality processes and products

Sourced From: Ogilvy Public Relations Worldwide

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