Sarraf Gentile LLP Charges Satyam Computer Services Ltd. With Securities Fraud

NEW YORK, NY--(Marketwire - January 8, 2009) - The law firm of Sarraf Gentile LLP has filed a securities fraud class action lawsuit against Satyam Computer Services Ltd. ("Satyam" or the "Company") (NYSE: SAY) on behalf of those investors who acquired the Company's American Depository Shares during the period January 6, 2004 and January 6, 2009, inclusive (the "Class Period"). The lawsuit is pending in Manhattan federal court.

The complaint alleges that during the Class Period defendants issued false and misleading financial information about the Company. According to the complaint, on January 7, 2009, the Company's former Chairman, B. Ramalinga Raju, issued a letter to the Company's board of directors acknowledging a multi-year fraud in which Satyam's financial accounts and disclosures were systematically falsified, its profits overstated and its liability understated. According to Raju: "What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years. It has attained unmanageable proportions as the size of company operations grew." Raju admitted to having inflated the amount of cash on the Company's balance sheet by nearly $1 billion, according to the complaint.

If you bought the securities of Satyam between January 6, 2004 and January 6, 2009, inclusive, you may, no later than 60 days from January 7, 2009, move the Court to appoint you as lead plaintiff, a representative party that acts on behalf of other class members. The Court must determine whether the class member's claim is typical of other class members' claims, and whether the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Sarraf Gentile LLP or other counsel of your choice, to serve as your counsel in this action.

The plaintiff is represented by the law firm of Sarraf Gentile LLP, which has extensive experience in the prosecution of class actions and has obtained millions of dollars on behalf of injured investors. If you would like to participate in this action or would like additional information about the lawsuit, please contact Ronen Sarraf at Sarraf Gentile LLP, 11 Hanover Square, New York, NY 10005 (telephone: 212-868-3610; e-mail: ronen@sarrafgentile.com).

Contact Information: Contact: Ronen Sarraf SARRAF GENTILE LLP 11 Hanover Square New York, NY 10005 T 212.868.3610 F 212.918.7967 www.sarrafgentile.com