The Company is in receipt of letter from SEBI dated 14th January, 2005, whereby SEBI in exercise of its power to grant relaxation under Rule 19(7) of SC(R) R, 1957, has relaxed the applicability of Rule 19(2)(b) of SC(R) R, 1957. The Company is in the process of interacting with The Stock Exchange, Mumbai to complete the listing formalities.

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