Financial information for the First Quarter ended June 30, 2003

Financial statements prepared in accordance with Indian Generally Accepted Accounting Principles (Indian GAAP)

Infosys

• Balance Sheet, Profit & Loss Account, Cash Flow statement, Schedules 1 - 10 to the Balance Sheet, Schedules 11 - 15 to the Profit & Loss Account
• Schedules 1 - 7 to the Cash Flow Statement
• Notes on Accounts (Schedule 16)
• Auditors Report

Infosys Consolidated

• Balance Sheet, Profit & Loss Account, Schedules 1 - 11 to the Balance Sheet,Schedules 12 - 16 to the Profit & Loss Account
• Schedules 1-7 to the Cash Flow Statement
• Notes on Accounts (Schedule 17)
• Auditors Report on Consolidation