Update on the buy back of shares
hearing held at SAT on 5th September 2008

Bangalore, 5th Sep, 2008 – Sasken Communication Technologies Limited (BSE: 532663 & NSE: SASKEN) announced today the progress of the hearing held at SAT today. 

SAT noted that the issue involved in the Appeal requires detailed consideration and the matter is urgent as it pertains to buy-back of shares for which the period is running out. Therefore the appeal was directed to be set down for final hearing on 16 th September 2008.

In the meantime, the Appellant Company (Sasken) is allowed to proceed with the buy-back of its shares as per the Public Announcement already made and the condition imposed by the Respondent Board (SEBI) to place orders on daily/weekly basis shall remain stayed.

The Learned Senior Counsel for the Appellant has given a proposal to amend the Public Announcement already made prescribing the minimum number of equity shares under the Buyback scheme.  A draft proposal has been furnished to the Respondent Board who will seek instructions by the next date of hearing.

Notes for Editors:

Sasken

Sasken Communication Technologies Limited (BSE: 532663 & NSE: SASKEN) is an embedded communications solutions company, that helps businesses across the communication value chain accelerate product development life cycles.

Sasken offers a unique combination of research and development consultancy, wireless software products, software services and network engineering services, and works with Network OEMs, Semiconductor Vendors, Terminal Device OEMs and Operators across the world. Global Fortune 500 and Tier 1 companies in these segments are part of Sasken's customer profile.

Established in 1989, Sasken employs over 3,500 people at its offices in India, China, Finland, Germany, Japan, Mexico, UK and USA.

In addition to being directly involved in the development of a variety of technologies, Sasken is a member of premier technology bodies including ITU, 3GPP, GCF, MPEG-ISO, WiMAX, NFC, DLNA and ATM, DSL & SDR forums. Sasken is SEI CMM Level 5 certified and its solutions are backed by ISO 9001:2000, ISO 17025:2005, ISO 27001 and TL 9000 certifications. Sasken’s commitment to environment is highlighted by its ISO 14001 certification.

For further information please visit www.sasken.com

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