| __ January 22 2008, Reading Morrisons, the UK food retailer, with 375 stores and annual turnover of 13bn , has chosen Wipro Retail, a specialist division of Wipro Technologies, the global IT services business of Wipro Limited NYSE:WIT , as its IT partner, to deliver a new and robust operating model that supports the retailer s strategic and commercial objectives. Richard Pennycook, Morrisons CFO, commented, Morrisons is making a major investment to give us the systems and processes to drive our business forward. Wipro Retail brings technology and retail business expertise to help us in this process. Wipro will support Morrisons to achieve the core objective of delivering effective planning, management and delivery of large scale systems and process change based on an Oracle ERP platform. Gary Barr, CIO, Morrisons, said, This is more than a systems replacement programme. It is a business change programme enabled by the replacement of the existing IT systems, in order to support the continued and future growth of the business. Wipro Retail was chosen after extensive market testing and Morrisons positive experience of working with them as part of the programme planning and scoping phase. As Phil Goodwin, Programme Director, Morrisons, explained, When we looked at the Oracle Implementation references, they all said that we should be speaking to Wipro Retail. We decided to shortlist Wipro Retail based on such strong feedback. During Planning Scoping we allocated project streams to different potential partners; Wipro Retail impressed us most with their agility, quality of people and their cultural fit. We are confident that they have the capability to meet the future needs of Morrisons. In planning and scoping, Wipro Retail led work streams around Manufacturing, Testing and Business Intelligence Data Warehousing. Wipro was also able to offer the right combination of on-shore, near shore and off-shore resources to deliver cost effectively for Morrisons. Bhanu Murthy B M, Senior Vice President, Retail, CPG Transportation Services, Wipro Technologies said, Morrisons has made a major investment in Wipro and we are delighted to have been chosen as a strategic partner. We recognise the unique requirements of their business and how IT can play a major role in their transformation. We welcome the challenge of helping them to prepare for further success in the competitive UK grocery market. Mike Davies, General Manager, Wipro Retail, said, Wipro Retail has the ability to deliver major systems and process transformations into large organisations. Our extensive international experience of grocery retailing gained through working with top tier retailers combined with the expertise of senior management in corporate retail enables us to deliver significant value to the retailer s business. By using Oracle s best of breed software to perform labour intensive, non value-add tasks, Morrisons will be able to focus their key staff on higher value and customer facing tasks, which in turn will help maintain their competitive advantage and support continued growth. to February 3, 2008 About WM Morrisons Supermarkets plc Morrisons is the UK s fourth largest food retailer with 375 stores. The business is mainly food and grocery the weekly shop. Uniquely Morrisons source and process most of the fresh food that we sell though its own manufacturing facilities, giving close control over provenance and quality; and Morrisons have more people preparing more food in store than any other retailer. Every week nine million customers pass through its doors and 117,000 colleagues across the business work hard each day to deliver great service to them. The group annual turnover is 13bn. Pre-tax profits for 2007 were 612m, up from 369m in 2006. www.morrisons.co.uk About Wipro Limited Wipro Technologies, a division of Wipro Limited NYSE:WIT is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development, and maintenance services to corporations globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services. Wipro also has a profitable presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro s ADS are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com and www.wiprocorporate.com Media Contacts: EMEA PR Contact EMEA Marketing Communications Emma Easterbrook Cosima Wagner Fieldworks Marketing Wipro Retail Tel: 44 0 1435 873080 Tel: 44 0 118 947 9587 Emma fieldworksmarketing.co.uk Cosima.wagner wipro.com www.fieldworksmarketing.co.uk www.wipro.com retail retail Forward looking and cautionary statements 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 our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain 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, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
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