June 2005

Infosys to Integrate Oracle® E-Business Suite Applications with Finacle

Out-of-the-Box Integration to Enable Financial Institutions to Streamline Business Processes, Improve Operational Efficiency

REDWOOD SHORES, Calif. and BANGALORE, India – June 30, 2005 Infosys Technologies (NASDAQ:INFY) and Oracle today announced Infosys will integrate Oracle® E-Business Suite applications into Finacle, Infosys’ universal banking solution. The integration will enable financial services organizations to acquire a world-class core banking solution unified seamlessly with leading financial, ERP and performance management applications – streamlining IT management and support.

“Our decision to integrate Oracle E-Business Suite applications will enable us to deliver ‘out of the box’, a common set of accounting applications – as well as expanded project and corporate performance management capabilities – across Finacle,” said Girish Vaidya, Senior Vice President and Business Head –Finacle, Infosys Technologies. “As a Certified Advantage Partner in the Oracle PartnerNetwork, Infosys shares a long-standing relationship with Oracle. We are confident that our new integration initiative will take our relationship to even greater heights.”

Infosys will integrate a range of Oracle E-Business Suite applications, spanning financial and corporate performance management, project management and business intelligence. Targeted applications include: Oracle Financials, Oracle Procurement, Oracle Projects and Oracle Balanced Scorecard.

The integration will introduce BPEL (Business Process Execution Language) workflow process management to standardize business flows across financial services organizations. Oracle E-Business Suite’s “once-and-done” approach to data entry will help Infosys customers to streamline business processes and improve operational efficiencies.

“The integration of Oracle E-Business Suite applications, using a standards-based approach for business process management, will provide a key differentiator for Infosys,” said Andrea Klein, Vice President-financial services, industry strategy and marketing, Oracle. “Traditionally, financial services institutions have struggled with integration of their core banking and business management solutions – adding a new level of complexity to their IT environments. With this out-of-the-box integration, customers will be able to acquire both world-class core banking and e-business solutions that work together– simplifying solution management.”

About the Oracle PartnerNetwork

Oracle PartnerNetwork is a global business network of 15,000 companies who deliver innovative enterprise software solutions based on Oracle software. Through access to Oracle’s premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today’s global economy. Oracle partners are able to offer customers’ leading-edge solutions backed by Oracle’s position as the world’s largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle can qualify for the Oracle Certified Partner levels.

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, corporate, community and private 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. For more information, visit 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

Finacle Wins The Banker Technology Awards 2005 for its banking CRM solution

Recognized for its comprehensive capability, efficiency and innovative approach

Bangalore, June 16, 2005 Infosys Technologies (NASDAQ: INFY) today announced that Finacle universal banking solution has won ‘The Banker Technology Awards 2005’. Finacle CRM solution was declared a WINNER in the ‘CRM’ category. Institutionalized by The Financial Times UK, The Banker Technology Awards are annual awards that recognize innovation and excellence in the banking technology space worldwide. It must be noted that in 2004, The Banker awarded Finacle for the ‘Mobile’ and ‘Application of the Year’ category.

Dan Barnes, Financial Systems Editor of The Banker said, “Finacle CRM solution was a notable first for its range. The system is designed to cover both consumer and corporate banking customers. At its core is a strong workflow engine, which gives the bank visibility of its processes so that service requests can be seen and any time-outs or problems dealt with.”

He further added,” At one large Indian bank, the solution was deployed across many front office locations using thin client and other distribution channels. Major cost reductions were found through this method compared with the incumbent systems. The system also had to integrate with many third-party systems and platforms-a task that was achieved in just 7 months.”

“This international award is a reiteration of the value that our customers expect from Finacle.” said Girish Vaidya, Senior Vice President and Business Head- Finacle, Infosys Technologies Ltd. “Finacle has been architected out of years of experience in the banking industry and is the most comprehensive, flexible and scalable new generation banking solution in the industry today. The growth we have seen internationally validates the strength of our solution and this recognition by ‘The Banker’ is a tribute to our customers who have vested their trust in us.”

Finacle CRM solution is a comprehensive and modular, banking-focused CRM solution, which enables banks to leverage the ready-to-deploy CRM functionality for competitive differentiation. The very backbone of Finacle CRM solution is a strong workflow engine. From a business perspective, banks are able to commit to aggressive SLAs and enforce them, thus ensuring that internal issues like user productivity, process bottlenecks etc are now available for objective, data based analysis and action. Another key differentiator of Finacle CRM solution is that it addresses the CRM requirements of both the consumer as well as corporate banking businesses in a single instance.

About The Banker

The Banker is a publication of Financial Times Business, a part of The Financial Times and Pearson Plc. Established in 1926, The Banker provides global financial intelligence to the international banking and finance community. Published monthly, each issue delivers news and opinion on the latest developments in both the retail and investment banking sectors. With regular software and technology updates, new product innovations, country profiles and expert market commentary from leading industry figures, The Banker is essential reading for all banking and finance professionals. (www.thebanker.com)

The Banker Technology Awards, instituted in 2003, recognizes innovation and excellence within the technology industry. The awards are to highlight those vendors and banks who have contributed to advancing shareholder value and customer service as well as providing a guide for financial services professionals on the leading solutions and ‘best practices’ in the market.

About Finacle Universal Banking Solution

About Infosys Technologies Ltd. (NASDAQ: INFY):

Equity Bank signs up for Finacle to replace legacy banking system

Nairobi, June 13, 2005 Equity Bank, Kenya has announced that it has signed up with Infosys Technologies Limited to deploy Finacle core banking solution to replace the bank’s decentralized, mainframe based legacy system across its 23 branches. The bank will also deploy treasury and e-banking solutions from Finacle. The strategic technology deal will support the bank’s growth plans in branch network, ATM rollouts and product diversification.

Announcing this at a press conference organized in Nairobi on June 9th 2005, Equity Bank CEO James Mwangi said, “The bank is focusing on revamping our IT infrastructure by deploying the new generation Finacle core banking platform and ATMs across our branch network. Our customers will enjoy among other services, Internet banking, ATM services, secure mobile banking, SMS alerts and greater customer profiled products.”

According to Merwin Fernandes, Vice President and Global Head, Sales & Marketing- Finacle, Infosys, “This win in Kenya further reinforces Finacle’s position as a preferred choice for core banking replacements in Africa. We are excited at this opportunity to provide Equity Bank, a leading Kenyan institution, the competitive edge of new generation technology to support their expansion plans. We are confident that Finacle’s unmatched flexibility and scalability will enable Equity to launch new and differentiated products and services with significant time-to-market advantage.”

Mr. Mwangi added that as the Bank continues its focus on the micro finance market, new appropriate technologies that help facilitate access to financial services by under-banked sections of the population would remain a key plank of the bank’s focus. The Finacle deal is part of a massive business transformation project that the bank is undergoing, valued at approx. US $ 8 million, which includes the new generation core banking platform, revamped hardware including a state-of-the-art data centre and an enhanced ATM network.

About Equity Bank

Equity Bank started its operation in 1984 as Equity Building Society. On 31st December 2004 Equity Bank Limited was converted to Equity Bank Limited, owing to the growth in business volume and outreach necessitating the conversion to a commercial bank. The bank, which is over 80% publicly owned, is a leading micro finance institution providing a wide range of products and services. Equity Bank’s vision is to be the preferred micro finance service provider contributing to the economic prosperity of Africa. www.ebsafrica.com.