Scandent Solutions Corporation Limited, a broad based IT Solutions Company, today got listed at both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The scrip details are:

Script abbreviated name: SCANDENT SOL
Script code: 532616
Script ID: SCANDENT
Group: B1

The scrip opened at Rs. 190 on the Stock Exchange, Mumbai (BSE). At 11:25 a.m., the stock was quoted at Rs205, after hitting a peak of Rs228, and a low of Rs190. Traded volumes on the counter stood at 916,885 shares on BSE. At the National Stock Exchange (NSE) the scrip opened at Rs. 185 here and hit a high of 223.80 soon thereafter.

Says Dilip Keshu, Chief Executive Officer, Scandent Solutions, “This is a momentous occasion for all of us at Scandent. Today, Scandent Solutions has become an integral part of the Indian IT industry milieu. I would like to congratulate each and every one at Scandent for making this possible. We are extremely pleased with the response to our listing.”

Scandent Solutions Corporation Limited has been formed by the merger of IT services business of SSI Ltd. and Scandent Solutions. Consequent to the de-merger, one new share of Scandent was issued for each share of SSI. The record date for this purpose was 20 th October 2004. Pursuant to the court approvals, Scandent made an application to BSE and the Securities and Exchange Board of India (SEBI) for obtaining their clearance for the listing of its existing shares and the shares to be issued to the shareholders of SSI.

The Company has also obtained in principle approvals from the Chennai and Ahmedabad Stock Exchanges for listing of shares.

Scandent Group promoters own 42% of the total equity in Scandent Solutions Corp., and the balance is with the public.

About Scandent

Scandent Solutions ("Scandent") is a broad based IT services company that offers business consulting, application implementation, software engineering, maintenance and support services. It is promoted by Scandent Group, which has in its fold IT and BPO companies that collectively employ 3,000 professionals, serving customers in 3 continents through 70 locations worldwide. Scandent strives to deliver differentiated solutions with impeccable quality. For more information about Scandent, please visit www.scandentsolutions.com and for information on Scandent Group visit www.scandentgroup.com.

Safe Harbor

Certain statements in this release are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services, including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns in fixed price, fixed time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, etc. The company does not undertake to update any forward looking statement that may be made from time to time by or on behalf of the company.

For media queries, please contact:
Mr. Ashish Babu,
Tel: +91-01126936834 / 5,
Fax: +91-011-26936836,
Email: ashish@corvoshandwick.co.in, saugat@corvoshandwick.co.in

For investor queries, please contact:
Mr. Pradeep Chaudhry / Mr. Rohit Tandon,
Ph: +91 80 51105000,
Fax: +91 80 25527805,
Email: investorrelations@scandent.com