Global IT Firm Mastek Ltd. Not Connected to Equipment Refurbishing Company

    /24-7PressRelease/ - MUMBAI, INDIA, September 14, 2008 - Mastek Ltd. (NSE: Mastek.NS), an India-based publicly held, leading IT player with global operations providing enterprise solutions to insurance, government, and financial services organizations worldwide, has no connection to Mastek Industries Inc., a Leechburg, Pennsylvania company that restores electronic and mechanical systems.

"Mastek Industries Inc. has no connection with our firm, or any of our officers or employees," said Sudhakar Ram, chairman and managing director of Mastek Ltd. "In the U.S., we do business as MajescoMastek, where we leverage our wide IP base, deep domain expertise, mission critical program management abilities, complex solutioning capabilities and 17 plus years of insurance experience in North America and across the globe to help carriers unlock business value using technology solutions."

About Mastek
Mastek is a Rs. 916 crore, US $227 million (FY 2008) publicly held, leading IT player with global operations providing enterprise solutions to insurance, government, and financial services organizations worldwide. With its principal offshore delivery facility based at Mumbai, India, Mastek operates across the US, Europe, Japan and Asia Pacific regions. Incorporated in 1982, Mastek has been at the forefront of technology, which along with proven methodologies and processes, increase IT value generation to its customers through onsite and offshore deliveries.

For information on Mastek, please visit: http://www.mastek.com and for MajescoMastek, visit: http://www.majescomastek.com

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