Cotchett, Pitre & McCarthy Announces Filing of Class Action Lawsuit Against Satyam Computer Services, Ltd.

SAN JOSE, Calif. -- Notice is hereby given that on January 9, 2009, Plaintiff Saji Vettiyil filed a class action entitled Saji Vettiyil v. Satyam Computer Services Ltd., et. al., Case No. 09-00117 RS in the United States District Court for the Northern District of California on behalf of all purchasers of Satyam Computer Service Ltd. ("Satyam" or the "Company") (NYSE:SAY) American Depository Receipts ("ADRs") between January 1, 2004 and January 6, 2009, inclusive (the "Class Period"). Satyam, certain of its officers and directors, and Satyam's auditors Price Waterhouse and PricewaterhouseCoopers International Ltd. are charged with issuing a series of materially false and misleading statements in violation of Sections 10(b) and 20(a) of the Exchange Act and Rule 10b-5 promulgated thereunder, as well as Sections 11 and 15 of the Securities Act.

The Vettiyil complaint alleges that Satyam failed to disclose that the information contained in the Company's financial statements was systematically falsified, its cash amounts inflated by material amounts, and over 90% of its assets were purely fictitious. The complaint alleges that Price Waterhouse and PricewaterhouseCoopers International Ltd. falsely assured holders of Satyam securities that it conducted an appropriate audit.

There are similar actions pending in the Southern District of New York against Satyam and certain of its officers and directors, but not against Price Waterhouse and PricewaterhouseCoopers International Ltd. Those actions do not include claims for violations of Sections 11 and 15 of the Securities Act. The first complaint filed in the Southern District of New York was filed on January 7, 2009. Plaintiffs' counsel in that action have stated that motions to be appointed lead plaintiff must be filed within sixty days of January 7, 2009. On January 26, 2009, a motion was filed with the Judicial Panel on Multidistrict Litigation ("JPML") seeking to consolidate the Satyam actions filed in the Southern District of New York in the Northern District of California.

Plaintiff Vettiyil is represented by Cotchett, Pitre & McCarthy, a law firm with extensive experience in prosecuting class actions and actions involving corporate fraud. If you wish to obtain information concerning joining this action you can do so by contacting Cotchett, Pitre & McCarthy at 650-697-6000.

If you purchased Satyam ADR's during the Class Period you may move the court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.

A copy of the complaint may be viewed at www.cpmlegal.com

CONTACT: Cotchett, Pitre & McCarthy, 840 Malcolm Road, Burlingame, CA 94010, 650-697-6000.