Investors

Mr. William T. Comfort, Jr. appointed Chairman of Oracle Financial Services Software Ltd.
March 24, 2009

The Board of Directors of Oracle Financial Services Software ltd. (OFSS), at its meeting held today, appointed its independent director Mr. William T. Comfort, Jr., as the Chairman of the Board of Directors with effect from March 24, 2009. This change is in accordance with the prevailing standards of corporate governance, and also in conformance with SEBI guidelines. Mr. Comfort has been associated with the Company as a board member since 2002, and is currently serving as Chairman of Citigroup Venture Capital and Chairman of the Investment Committee of Court Square Capital Partners. He is also a member of the Board of Directors of Deutsche Annington (DAIG - Germany), and Nabors Industries (Bermuda).

Mr. Rajesh Hukku, who has led the growth of the company as its Chairman since year 2000, will continue to serve as a Director on the board of OFSS and lead Oracle's strategy in financial services as General Manager of Oracle's Financial Services Global Business Unit (FSGBU) and Chairman of the OFSS Executive Management Committee.

Oracle Global (Mauritius) Ltd., Foreign Promoter of the Company, holds 67,481,698 shares aggregating to 80.55% of the total paid up capital of the company as of September 30, 2009.

Shareholding of the following category as of September 30, 2009 is:

Foreign Promoter Oracle Global (Mauritius) Ltd.- 80.55%
FII, FMF & Foreign Company - 1.77%
Others - 17.68%