Published Date: March 14, 2006

Finacle to Host a Global Banking Cxo Conclave in GOA

Global banking & technology visionaries to visit India for Finacle Conclave

Bangalore, March 14, 2006 Finacle Conclave at Goa got off to a flying start with participation of over 100 delegates from 26 countries.

Infosys Technologies Ltd, today announced that it is organizing Finacle Conclave 2006, the inaugural client forum of Finacle that aims to bring together thought leaders and visionaries from the world of banking. The event is a prestigious global banking CXO forum with participation from close to 100 CXO’s from 27 countries. The event is being held in Goa from March 20-22nd. Besides the global banking leaders, leading analysts and renowned experts from the banking sector will also be attending this conclave.

The conclave will provide a platform to banking thought leaders to share and deliberate on some of the most important issues impacting the banking industry. Global Trends in Retail Banking, Business and Technology Integration, Core banking Replacement, Business and Technology priorities for the year ahead are among the few subjects being debated at this Conclave.

The Conclave aims to feature some of the best known names in the banking and technology space globally. Mr. KV Kamath of ICICI bank and Mr. N.R. Narayana Murthy of Infosys are among the key note speakers. Besides them, CIO’s and Business Heads of some of the leading banks from Asia Pacific, Europe, Middle East and Americas, analysts and consultants from leading firms like Gartner, Celent, Datamonitor and Forrester would be amongst the key speakers at this 3- day event.

According to Merwin Fernandes, VP and Business Head, Finacle, Infosys Technologies, “Finacle with its global network of clients across 49 countries was ideally placed to create this unique platform of Finacle Conclave. This platform will not only help our clients and other bankers from across the globe to share business and technological achievements and learn from global best practices, but also along with our partners help us to better understand and address the changing requirements of the industry.”

About Finacle Universal Banking Solution:

Finacle, the universal banking solution from Infosys, empowers banks to transform their business leveraging technology. The solution addresses the core banking, e-banking, treasury, wealth management, CRM, and cash management requirements of universal, retail and corporate banks worldwide. Finacle has been architected out of years of experience with global banks and offers several powerful and differentiating features making it one of the most comprehensive, flexible and scalable solutions in its class. www.edgeverve.com/finacle

About Infosys Technologies Ltd. (NASDAQ: INFY)

Infosys Technologies Ltd. (NASDAQ: INFY) defines, designs and delivers IT enabled business solutions. These provide our customers strategic differentiation and operational superiority, thereby increasing business competitiveness. Each solution is delivered with a high degree of time and cost predictability that ensures peace of mind. With Infosys, you get a transparent business partner, business-IT alignment with flexibility, world-class processes, speed of execution and the power to stretch your IT budget by leveraging the Global Delivery Model that the company pioneered. For more information, visit www.infosys.com

Safe Harbor:

Certain statements in this release concerning our future growth prospects 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 on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2005 and our reports on Form 6-K. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.