© Infosys Technologies Limited Europe update B. G. Srinivas Senior Vice President and Unit Head - EMEA

November 11, 2005© Infosys Technologies Limited Safe Harbor Certain statements in this Analyst Meet 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 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.

November 11, 2005© Infosys Technologies Limited Infosys in Europe H1 06 revenues of $238 m Approx revenue split between UK and Continent 70+ Active Clients Over 35% of Progeon revenues come from Europe (H1 06) Service capability in 14 countries with offices in 9 different countries Revenue ($ m) CAGR = 47%

November 11, 2005© Infosys Technologies Limited Europe Market *Gartner – July 2005*Forrester – July 2004 Europe is not a single market Highly regulated market place GDM adoption starting to happen 80% offshoreable to India *Gartner – Sep 2005

November 11, 2005© Infosys Technologies Limited Driving growth through targeted market segments Geo-Cluster strategy to drive growth and new market penetration UK & Ireland Austria, Switzerland & Germany Benelux & Nordics France, Spain & Italy Eastern Europe, Middle East & Africa Capitalize on domain skills and solutions in key industries Financial Services Retail & CPG Telecom Automotive & Aerospace Strong alliances and partnerships driving growth and branding viz-Microsoft, SAP, Oracle, Siebel

November 11, 2005© Infosys Technologies Limited Infosys positioning in Europe Positioned well on scalability – ABN AMRO deal paves the way for large deals Leading Investment Bank - Global support desk transition Application Integration program for a leading Financial Services company SAP and SeeBeyond solution development and support for a manufacturing company Leading telecom company – Customer care & billing system Scaling up on consulting and local business domain capability with specially designed vertical solutions for the region Strengthening and leveraging global service capability to address diverse European market needs Capability of managing and transforming systems core to client services Infosys worked on the design and development of the top and bottom skin extensions within the inner fixed trailing edge for the Airbus A380 Alstom R&D center set up B-Source has entrusted Infosys with maintenance and re-engineering of The Boss - their core service platform Positioning as one-stop shop with service breadth Multiple across the board engagements – consulting, application, testing, infrastructure, BPO deals

November 11, 2005© Infosys Technologies Limited To reiterate… Europe has been a growth engine for Infosys Globalisation trends are impacting Europe Scaling specific competencies to address client needs Infosys Consulting IT transformation capabilities Managing multi-year outsourcing relationships Investing in building Infosys market presence and brand in Europe

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