Clay glitters gold for Sasken
Sasken Annual Report bags the gold award in
the Telecom Category at LACP Vision Awards – 2006

Bangalore, July 13, 2007: Sasken Communication Technologies Ltd. (BSE: SASKEN), one of India’s leading communications solutions companies, today announced that its annual report for year 2005-06 has won the Gold Award in the telecom category of the prestigious 2006 Vision Awards Annual Report Competition . The competition is held by the League of American Communications Professionals (LACP). LACP was established in 2001 in order to create a forum within the public relations industry that facilitates discussion of best-in-class practices within the profession, while also recognizing those who demonstrate exemplary communications capabilities.

Sasken has adopted Clay as a core medium of expression for its branding elements. The annual report for the fiscal year 2005-06, was the second year in running where clay was used to tell the Sasken story. Commenting on the award, Mr Rajiv Mody, Chairman and CEO, Sasken Communication Technologies Ltd, said, “It has been our constant endeavour to reach out to all stakeholders in the most innovative and transparent manner. We do not consider the annual report as a financial manuscript, but as substantiation of our ethos and philosophies. We are glad that the report has been acknowledged at such a prestigious forum.”

The design and conceptualization was done along with Ogilvy India. “This year’s annual report for Sasken Communication Technologies proves to be remarkable in light of tremendous competition,” said Christine Kennedy, LACP Managing Director. “More than 2500 entries were received for the 2006 Vision Awards, comprising submissions from 21 countries.”

Sasken’s Annual Report has also been recognized as one of the Top 100 Annual Reports of 2006 across all categories, ranking at number 88. Swami Krishnan, Chief Marketing Officer, said “It is a matter of pride that Sasken has made India feature in the top 100 list of Annual Reports across the globe”.

Commenting on the award Piyush Pandey, Vice Chairman, Ogilvy & Mather, Asia Pacific said “Here’s a company that shows its creativity even while sharing its numbers! I salute them”

About Sasken Communication Technologies Ltd.

Sasken is an embedded communications solutions company that helps businesses across the telecom value chain accelerate product development life cycles. Sasken offers a hybrid model of services and products, and works with Network OEMs, Semiconductor Vendors, Terminal Devices OEMs and Operators across the world. Global Fortune 500, Tier 1 companies in each of 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, Sweden, UK and the U.S. Sasken has repeatedly featured among the Best Employers in leading industry surveys. For further information please visit http://www.sasken.com.

About Ogilvy & Mather India

Ogilvy & Mather India is a member of the WPP Group plc., the largest communication network in the world. The Ogilvy & Mather business units in India include Ogilvy Advertising, OgilvyOne, OgilvyAction, Ogilvy Business Network (B2B) and Ogilvy Public Relations, Neo@ogilvy, Ogilvy Healthworld. The hallmark of Ogilvy’s brand-building capabilities is the balance of global and local brands. Our local clients keep us in tune with local market nuances, which is integral to the success of our multinational accounts. Ogilvy & Mather India has been acknowledged repeatedly as the leading agency in India today and has won numerous accolades that are a firm testimony to the agency’s performance and leadership position.

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Disclaimer
Certain statements in this release 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 due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/telecommunication industries. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.