>SATYAM (CLSA)

Satyam – FAQs and what to expect on 29th Sep?

Satyam will report its financials on 29th September, 21 months after the fraud was
discovered. The impending result report and the 27% stock move in the last 1
month have generated considerable investor interest. This note attempts to answer
a few key investor queries.

#1: Financials for what period will be reported?

#2: Why is FY10 reported revenue not representative of current business status at Satyam?

#3: Can Satyam report YY growth in revenues in FY11?

#4: What is happening on the supply-side at Satyam?

#5: What could be Satyam’s margin trajectory in FY11?

To read the full report: SATYAM