Scandent Solutions Corporation Limited, will begin trading on The Stock Exchange, Mumbai and National Stock Exchange of India Limited from Wednesday, March 9, 2005. The Script ID on the BOLT System will be ‘SCANDENT’ and the abbreviated name on the BOLT System will be ‘SCANDENT SOL’. Further, the Company has obtained in principle approvals from the Chennai and Ahmedabad Stock Exchanges for listing of shares.

Scandent acquired IT division of SSI Ltd. pursuant to the scheme of arrangement approved by the High Court of Karnataka and Madras with effect from the appointed date July 02, 2004. Scandent has issued one equity sharer Rs. 10 each of Scandent to every shareholder of SSI Limited for every one equity share of

Rs. 10 each held by him/her in SSI Limited as consideration pursuant to the Scheme. In accordance with the said Scheme, the equity shares of SSCL including the shares issued to the shareholders of SSI Limited pursuant to the Scheme are being listed and admitted for trading on BSE, NSE, ASE and MSE.

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