London, Edinburgh, UK, March 06, 2006 – Patni, a leading global IT services company and CityCompass Research, the leading independent research company in the financial services sector, today announced a unique event that evaluates the tangible business benefits that can be gained through the MiFID directive. This event (http://www.citycompass.org/events.asp) targets Asset Managers and their Brokers as well as the Insurance industry.

Gary Wright, Managing Director, CityCompass Research said, “MiFID affects all types of financial services firms in the securities industry, and cost estimates of over $1 billion to achieve compliance is a very large business burden. However, within MiFID there is plenty of scope for securities firms on both the buy and sell side to gain significant business benefits.”

The second half 2005 saw the Financial Services market begin to review MiFID in more detail. Messages concentrated mostly on the fear and cost of implementation, deflecting attention away from how businesses can plan their MiFID compliance projects to reap potential rewards. This event, scheduled for 29th March in Edinburgh, focuses on the benefits of MiFID and for the first time, brings together leading MiFID experts from a range of different European markets; representing both wholesale and retail, forming the most powerful assembly to debate MiFID.

Patni has a proven services track record in the Financial Services sector serving several Fortune 1000 clients. Sukumar Namjoshi, Sr. Vice-President (Sales) & Head, Europe and UK, Patni said, “Our decision to sponsor this event is in line with its focus to extend industry experts to the market, further educating businesses and increasing market confidence.”

About CityCompass Research
CityCompass Research is an independent company providing analysis of technology and services of suppliers in the European financial services industry. CityCompass Research analysts are all from a business to IT background with a long track record of procurement in the financial services market place, which will enable them to produce unique and valuable assessments of technology and services and their value to the supplier and the market place.

For more information, visit www.citycompass.org

About Patni:
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a global IT Services provider servicing Global 2000 clients. Patni caters to its clients through its industry-focused practices, including insurance, manufacturing, financial services, telecommunications, and its technology-focused practices.

With an employee strength of over 12,000 and multiple offshore development facilities across eight cities; Patni has 23 international offices across the Americas, Europe and Asia- Pacific. Patni has registered revenues of US$ 450 million for the year 2005.

Patni's service offerings include application development, application maintenance and support, packaged software implementation, infrastructure management services, product engineering services, business process outsourcing and quality assurance services.

Committed to quality, Patni adds value to its client's businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified and SEI-CMMi Level 5 organization, assessed enterprise wide at P-CMM Level 3. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.

For more information on Patni, visit www.patni.com.

Safe Harbor:
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. 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, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Patni has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. 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.

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