Satyam Infoway Ltd.

DateInflation Amount Per Share*
10/19/1999**$15.233***
10/20/1999$15.4906
10/21/1999$15.4906
10/22/1999$15.4906
10/25/1999$15.4906
10/26/1999$15.4906
10/27/1999$15.4906
10/28/1999$15.4632
10/29/1999$15.4155
11/1/1999$15.4906
11/2/1999$15.4906
11/3/1999$15.4761
11/4/1999$15.3744
11/5/1999$15.4367
11/8/1999$15.4812
11/9/1999$15.4906
11/10/1999$15.4906
11/11/1999$15.4906
11/12/1999$15.4906
11/15/1999$15.4906
11/16/1999$15.4906
11/17/1999$15.4906
11/18/1999$15.4906
11/19/1999$15.4906
11/22/1999$15.4906
11/23/1999$15.4906
11/24/1999$15.4906
11/26/1999$15.4906
11/29/1999$15.4906
11/30/1999$15.4906
12/1/1999$15.4906
12/2/1999$15.4906
12/3/1999$15.4906
12/6/1999$15.4906
12/7/1999$15.4906
12/8/1999$15.4906
12/9/1999$15.4906
12/10/1999$15.4906
12/13/1999$15.4906
12/14/1999$15.4906
12/15/1999$15.4906
12/16/1999$15.4906
12/17/1999$15.4906
12/20/1999$15.4906
12/21/1999$15.4906
12/22/1999$15.4906
12/23/1999$15.4906
12/27/1999$15.4906
12/28/1999$15.4906
12/29/1999$15.4906
12/30/1999$15.4906
12/31/1999$15.4906
1/3/2000$15.4906
1/4/2000$15.4906
1/5/2000$15.4906
1/6/2000$15.4906
1/7/2000$15.4906
1/10/2000$15.4906
1/11/2000$15.4906
1/12/2000$15.4906
1/13/2000$15.4906
1/14/2000$15.4906
1/18/2000$15.4906
1/19/2000$15.4906
1/20/2000$15.4906
1/21/2000$15.4906
1/24/2000$15.4906
1/25/2000$15.4906
1/26/2000$15.4906
1/27/2000$15.4906
1/28/2000$15.4906
1/31/2000$15.4906
2/1/2000$15.4906
2/2/2000$15.4906
2/3/2000$15.4906
2/4/2000$15.4906
2/7/2000$15.4906
2/8/2000$15.4906
2/9/2000$15.4906
2/10/2000$15.4906
2/11/2000$15.4906
2/14/2000$15.4906
2/15/2000$15.4906
2/16/2000$15.4906
2/17/2000$15.4906
2/18/2000$15.4906
2/22/2000$15.4906
2/23/2000$15.4906
2/24/2000$15.4906
2/25/2000$15.4906
2/28/2000$15.4906
2/29/2000$15.4906
3/1/2000$15.4906
3/2/2000$15.4906
3/3/2000$15.4906
3/6/2000$15.4906
3/7/2000$15.4906
3/8/2000$15.4906
3/9/2000$15.4906
3/10/2000$15.4906
3/13/2000$15.4906
3/14/2000$15.4906
3/15/2000$15.4906
3/16/2000$15.4906
3/17/2000$15.4906
3/20/2000$15.4906
3/21/2000$15.4906
3/22/2000$15.4906
3/23/2000$15.4906
3/24/2000$15.4906
3/27/2000$15.4906
3/28/2000$15.4906
3/29/2000$15.4906
3/30/2000$15.4906
3/31/2000$15.4906
4/3/2000$15.4906
4/4/2000$15.4906
4/5/2000$15.4906
4/6/2000$15.4906
4/7/2000$15.4906
4/10/2000$15.4906
4/11/2000$15.4906
4/12/2000$15.4906
4/13/2000$15.4906
4/14/2000$15.4906
4/17/2000$15.4906
4/18/2000$15.4906
4/19/2000$15.4906
4/20/2000$15.4906
4/24/2000$15.4906
4/25/2000$15.4906
4/26/2000$15.4906
4/27/2000$15.4906
4/28/2000$15.4906
5/1/2000$15.4906
5/2/2000$15.4906
5/3/2000$15.4906
5/4/2000$15.4906
5/5/2000$15.4906
5/8/2000$15.4906
5/9/2000$15.4906
5/10/2000$15.4906
5/11/2000$15.4906
5/12/2000$15.4906
5/15/2000$15.4906
5/16/2000$15.4906
5/17/2000$15.4906
5/18/2000$15.4906
5/19/2000$15.4906
5/22/2000$15.4906
5/23/2000$15.4906
5/24/2000$15.4906
5/25/2000$15.4906
5/26/2000$15.4906
5/30/2000$15.4906
5/31/2000$15.4906
6/1/2000$15.4906
6/2/2000$15.4906
6/5/2000$15.4906
6/6/2000$15.4906
6/7/2000$15.4906
6/8/2000$15.4906
6/9/2000$15.4906
6/12/2000$15.4906
6/13/2000$15.4906
6/14/2000$15.4906
6/15/2000$15.4906
6/16/2000$15.4906
6/19/2000$15.4906
6/20/2000$15.4906
6/21/2000$15.4906
6/22/2000$15.4906
6/23/2000$15.4906
6/26/2000$15.4906
6/27/2000$15.4906
6/28/2000$15.4906
6/29/2000$15.4906
6/30/2000$15.4906
7/3/2000$15.4906
7/5/2000$15.4906
7/6/2000$15.4906
7/7/2000$15.4906
7/10/2000$15.4906
7/11/2000$15.4906
7/12/2000$15.4906
7/13/2000$15.4906
7/14/2000$15.4906
7/17/2000$15.4906
7/18/2000$15.4906
7/19/2000$15.4906
7/20/2000$15.4906
7/21/2000$15.4906
7/24/2000$15.4906
7/25/2000$15.4906
7/26/2000$15.4906
7/27/2000$15.4906
7/28/2000$15.4906
7/31/2000$15.4906
8/1/2000$15.4906
8/2/2000$15.4906
8/3/2000$15.4906
8/4/2000$15.4906
8/7/2000$15.4906
8/8/2000$15.4906
8/9/2000$15.4906
8/10/2000$15.4906
8/11/2000$15.4906
8/14/2000$15.4906
8/15/2000$15.4906
8/16/2000$15.4906
8/17/2000$15.4906
8/18/2000$15.4906
8/21/2000$15.4906
8/22/2000$15.4906
8/23/2000$15.4906
8/24/2000$15.4906
8/25/2000$15.4906
8/28/2000$15.4906
8/29/2000$15.4906
8/30/2000$15.4906
8/31/2000$15.4906
9/1/2000$15.4906
9/5/2000$15.4906
9/6/2000$15.4906
9/7/2000$15.4906
9/8/2000$15.4906
9/11/2000$15.4906
9/12/2000$15.4906
9/13/2000$15.4906
9/14/2000$15.4906
9/15/2000$15.4906
9/18/2000$15.4906
9/19/2000$15.4906
9/20/2000$15.4906
9/21/2000$15.4906
9/22/2000$15.4906
9/25/2000$15.4906
9/26/2000$15.4906
9/27/2000$15.4906
9/28/2000$15.4906
9/29/2000$15.4906
10/2/2000$15.4906
10/3/2000$15.4906
10/4/2000$15.4906
10/5/2000$15.4906
10/6/2000$15.4833
10/9/2000$14.8173
10/10/2000$14.3181
10/11/2000$10.9693
10/12/2000$8.7031
10/13/2000$8.0168
10/16/2000$7.3042
10/17/2000$5.9704
10/18/2000$3.3427
10/19/2000$6.4153
10/20/2000$8.7397
10/23/2000$7.3491
10/24/2000$6.8986
10/25/2000$6.9916
10/26/2000$5.7715
10/27/2000$5.1312
10/30/2000$4.1855
10/31/2000$4.7497
11/1/2000$6.7724
11/2/2000$15.3581
11/3/2000$15.4906
11/6/2000$13.1476
11/7/2000$9.3211
11/8/2000$14.3094
11/9/2000$11.6892
11/10/2000$9.5978
11/13/2000$8.8973
11/14/2000$11.7758
11/15/2000$9.7858
11/16/2000$8.9652
11/17/2000$8.025
11/20/2000$7.0438
11/21/2000$5.4943
11/22/2000$4.4414
11/24/2000$5.3662
11/27/2000$4.6026
11/28/2000$3.6504
11/29/2000$2.3549
11/30/2000$0.9826
12/1/2000$1.6711
12/4/2000$0.0915
12/5/2000$0.3366
12/6/2000$0

* Data shown are adjusted forward for all stock splits between the IPO and 12/6/00.

** Purchases on a date not listed in the chart above have no artificial inflation.

*** Purchases in the IPO itself at $18.00 per share have no artificial inflation.