Wharton School and Infosys Announce Winners of Wharton Infosys Business Transformation Awards 2005 for Asia Pacific
Samsung Electronics and Wu Ying Honored for Re-defining Industry and Business Models

Singapore, May 28, 2005 — The Wharton School of the University of Pennsylvania and Infosys Technologies Ltd (NASDAQ: INFY) announced the winners of the Wharton Infosys Business Transformation Awards (WIBTA) 2005 for Asia Pacific (APAC) at Singapore. The “Enterprise Business Transformation Award” was presented to Samsung Electronics for being at the forefront of technology revolution by inventing products that inspire digital integration, and the “Technology Change Agent Award” was presented to Wu Ying for inventing and introducing very affordable and flexible PHS wireless technology in China.

The awards were jointly presented by Patrick Harker, dean of the Wharton School, and Srinivas Uppaluri, head of global marketing at Infosys Technologies Ltd. Commenting on the awards, Harker said, “Four years ago, the Wharton School joined with Infosys Technologies Limited to express our shared commitment to business innovation through the establishment of the Wharton-Infosys Business Transformation Awards. We continue to be proud of the partnership that sponsors these awards, and we are delighted to join in honoring the companies selected this year.”

The Wharton Infosys Business Transformation Awards have applauded pioneering enterprises and individuals who have transformed their businesses and the society by leveraging information technology.

Announcing WIBTA 2005 APAC winners, Uppaluri said, “Information technology is now well established as the cornerstone of an organization’s competitive capabilities and has clearly proved itself to be a key driver of shareholder value. Through WIBTA, we aim to recognize and reward business leaders and organizations whose achievements showcase the best practices of using technology to create new business paradigms.”

About Samsung Electronics
Samsung Electronics Co., Ltd is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2004 parent company sales of US$55.2 billion and net income of US$10.3 billion. Employing approximately 123,000 people in 93 offices in 48 countries, the company consists of five main business units: Digital Appliance Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing brands, Samsung Electronics is the world's largest producer of color monitors, color TVs, memory chips and TFT-LCDs. For more information, please visit the Samsung website.

About UTStarcom, Inc.
UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its broadband, wireless, and handset solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and design operations in the United States, China, Korea and India. UTStarcom is a FORTUNE 1000 company. For more information, visit UTStarcom.

WIBTA Jury
The distinguished jury panel for WIBTA includes Wharton Professor Harbir Singh, Edward H. Bowman Professor of Management and co-director of Wharton’s Mack Center for Technological Innovation; David Boyles, former COO of ANZ Banking Group; Esther Dyson, editor-at-large at CNET Networks; Michael Eskew, chairman and CEO of UPS, and Sir Paul Judge, director of Schroder Income Fund. More details on the WIBTA jury and winners are available at WIBTA 2005.

About the Wharton School and the Mack Center for Technological Innovation
The Wharton School of the University of Pennsylvania is recognized around the world for its academic strengths across every major discipline and at every level of business education. Founded in 1881 as the first collegiate business school in the nation, Wharton has approximately 4,600 undergraduate, MBA, Executive MBA, and doctoral students, more than 8,000 participants in its executive education programs annually, and an alumni network of more than 80,000 worldwide. Bringing together leaders from business, government, and labor, the Mack Center provides a forum for probing critical issues, discussing research, and planning future study. As the umbrella organization for all of Wharton's technology management initiatives, the center supports the research and publishing activities of Wharton faculty members, and supports a student-run conference.

About Infosys Technologies Ltd. (Nasdaq: INFY)
Infosys (NASDAQ:INFY) defines, designs and delivers IT enabled business solutions. These provide our clients with strategic differentiation and operational superiority, thereby increasing their competitiveness. Each solution is delivered with the industry-benchmark Infosys Predictability that gives our clients peace of mind. With Infosys, they are assured of a transparent business partner, business-IT alignment with flexibility, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 36,750 employees in over 30 offices worldwide. For more information, visit Infosys.