Sify Ltd. Investor Presentation

From time to time, we make presentations to investors, analysts, the media and other persons interested in our company. The present form of presentation that we are using is attached. The contents of this presentation include forward-looking statements that were and are made in express reliance on the safe harbor provisions contained in Section 21E of the Exchange Act and Section 27A of the Securities Act. Such statements include, without limitation, statements relating to results deemed to be achievable by our management in future periods, as well as with respect to trends in sales performance, gross margin, selling, general and administrative costs, market growth, the competitive environment, and other factors affecting future sales, operating results, and capital requirements. Sales and operating results trends are also affected by many other factors, including, among others, world and national political events, general economic conditions which recently have been weak, the effectiveness of our promotion and marketing strategies, and competitive factors applicable to our corporate and consumer markets.

The presentation material also includes selected financial measures that constitute “non-GAAP” data under the Securities and Exchange Commission’s rules, particularly including our calculation of earnings before interest, taxes, depreciation and amortization, or Ebitda. Sify Ltd. Investor Presentation

A derivation of Ebitda and a reconciliation of that calculation to the GAAP data that we believe to be most comparable is provided in our recent reports on Form 6-K or 20-F filed with the SEC. These reports can be accessed on our website or on the SEC’s Edgar database (www.sec.gov)

The statements furnished in this presentation must be viewed in context and in light of the risks described above and under the caption “Risk Factors” contained in our most recent reports on Form 6-K or 20-F filed with the SEC. In light of these risks, there can be no assurance that the forward-looking statements furnished in this presentation will in fact be realized. The statements made in this presentation speak as of its date only, and it should not be assumed that the statements made herein or therein remain accurate as of any future date.

SIFY DOES NOT PRESENTLY INTEND TO UPDATE THESE STATEMENTS AND UNDERTAKES NO DUTY TO ANY PERSON TO EFFECT ANY SUCH UPDATE UNDER ANY CIRCUMSTANCES. Sify Ltd. Investor Presentation

Any failure to successfully implement our operating strategy or the occurrence of any of the events or circumstances set forth in this presentation or the referenced Risk Factors could result in the actual operating results being different than the projections, and such differences may be adverse and material.

* * * * * * * * Making the Internet Work for You

July 2007 Internet Users in India: Fastest growing in Asia

2006E Internet Source: IDC Users ( Million) 31 17 7 126 9 37

40% 35% 30% 25% 20% 15% 10% 5% 2003-2006E Internet Users CAGRUsers 2003-2006EInternet 0% India Philippines Indonesia China Thailand Korea

• Fastest growth rates in the region . Indian Internet Users expected to grow to 100 Million • Rapid infrastructure improvements over the next 3 years from estimated 42 Million in Mar 2007 . Internet & Online Association

. Government’s Broadband Policy Target: 20 MM subscribers by 2010 . E-Gov Initiatives gaining momentum . Information Services available online Growth of IT Spending in India

Domestic demand for IT in India is witnessing a gradual transformation from 20.0 being predominantly hardware driven towards a solutions oriented approach- resulting in an emphasis on services. 18.0

16.0

14.0

12.0

10.0

USDBillion 8.0

6.0

4.0

2.0 17% 23% 23% 18% 17% 15% 14% 0.0 2003 2004 2005 2006 2007 2008 2009

Source: Nasscom – IDC Report Strong IT – ITES Growth Projected Revenues $ Billion Domestic growth trends Offshoring growth trends 13.2 14.0 12.4 14.0 22% 32% 12.0 12.0 10.2 10 23% 37% 10.0 10.0 8.3 7.3 8.0 8.0

6.0 6.0

4.0 4.0

2.0 2.0

0.0 0.0 FY 2004 FY 2005 FY 2006 FY 2004 FY 2005 FY 2006

• Offshore Infrastructure Management Services expected to grow to $ 1 Billion in 3 years • Domestic demand driven by IT/ITES

Source : NASSCOM

Sify is well positioned to leverage the projected exponential growth of Internet usage as well as internet based services.

Catalysts of the Internet for positive change

Consumer Enterprise

Internet Services Experience

Technology Core Network Data Centers Systems Leveraging IP expertise Technology Core Competence

“To become the global provider of choice by pioneering technology and offering innovative customer centric internet solutions thereby creating value for the customer”

Sify’s Technology is ISO 9001-2000, BS7799 certified & appraised CMMi Level 3 The Sify Edge: Infrastructure - India Network

. A World class design and service standards network to deliver . Consumer Internet Experience . Enterprise Technology Services

. Network coverage extends to 200 cities . Our Network is IPv6 and MPLS enabled with redundancies . A Converged network: Voice,Video & Data capability . Future proofed to meet strong demand from IT/ITES and other verticals The Sify Edge : Infrastructure – Redundant Global Connectivity State-of-the-Art Network Management

 Integrated Trouble Ticketing Proactive Alerts Standards Based IT Information Library

CIO Dashboard Incident Problem NMS Alerts Management Management

Trouble Knowledge Ticket Engine base

Service Change Desk Management Escalation C M D B Change Engine Workflow

NMS Configuration Threshold Baselines Monitoring C M D B IT Service Capacity Continuity Management Management Reports Service Level Engine Agreements

Availability SLA Path Management Management Management Software Inventory

Common pool of technology talent across businesses World Class Processes

. ISO 9001 – 2000 Certification › Enterprise Solutions Business, Technology, and Customer Care . Maturity Level 5 (CMMI-SW version 1.1) › Technology development units apprised at Maturity Level 5 of the Capability Maturity Model Integration (CMMI-SW version 1.1) . Information Security Certification › First Data Center complying with ISO 27001

Integrated Consumer Experience

•com

No one else has it !

Internet access: Huge Unrealized Potential

60% of Internet Users access the Internet from Public Internet Access Points

Source : IMRB – 2004 Report.

PC Owners 3,500 That’s because Home PC ownership 4,000 3,000 2,550 is estimated at 6 million plus in 1,886 2,000 1,550 2006. Even with projected growth 1,073 732 of over 30% (IDC) this would still be 1,000 287 461 only 12-13 million.Total no of - homes in India is 210 million

2004-05 1997 - 981998 - 991999 - 002000 - 012001 - 022002 - 032003 - 04

Large Opportunity in Public Internet Access The World’s Largest Franchised Cyber-café Chain

We single handedly created the branded public internet access services industry in India by:

. Taking Internet to the people with a franchised chain . Currently 3700+ cafes in 163 cities, and growing . The undisputed No 1 in branded public Internet access . Delivering a superior Consumer Internet Experience . High speed access across the chain

: Categories & Services

. Internet : Browsing,Voice,Games

. E commerce : IRCTC,Utility bills,Money transfer etc

. E entertainment : GameDrome,Sifymax

. E shopping : Sify mall

: Categories & Services

. E learning : Microsoft certificate , Internet Access for Microsoft IQ PC , Microsoft Office products training at iWays, iWay as virtual office

“ As part of our strategy to use the iWays to empower Indians with Internet and IT services, We have partnered with Microsoft India to help bridge the digital divide in India “ Growth

4000 1300 iWays Subscribers 1200 3500 1100

3000 1000 900 2500 800 700 2000 600

No of iWays No of 1500 500 400 1000 300 200 500 100 0 0 Subscriber Millions (3 months active) Q1 0506 Q2 0506 Q3 0506 Q4 0506 Q1 0607 Q2 0607 Q3 0607 Q4 0607 Q1 0708 Vision

Our vision is to be an integral part of the Indian middle class family’s Internet experience

Consumer Touch Points: to Homes

. High Speed Internet Revolution for homes › Pioneered unique model with Cable TV operators (CTOs) for last mile connectivity › Currently the largest private player with more than 200,000 subscribers › Potential of 80 Million Cable TV households › Cable TV homes more likely to buy home PCs › Iways users who buy home PCs can remain Sify customers › Aggressively growing base . Technology Innovation : › Service Provider with wireless broadband technology › Developed own client to ensure PC hygiene and push updates to consumers at home (eg Anti Virus).

Value added Services

. CUG Phone for Subscribers

. Mathguru , Class teacher & MBD Alchemie

. IRCTC tie up for Railway Tickets through partners(CTOs)

. Roaming access to users : Sify Anywhere

. VOIP for International Calls.

. PC health solutions. growth trends

250 Subscribers 215.5 208.8 209.0 208.1 200 191.1 183.0

150.5 150 124.7 104.8

100 Subscribers (000s) Subscribers

50

0 Q1 0506 Q2 0506 Q3 0506 Q4 0506 Q1 0607 Q2 0607 Q3 0607 Q4 0607 Q1 0708 Internet Content enhancing Consumer Experience

. Driven by › High Speed Broadband › Rich broadband content

Betting on broadband! Betting on youth !

India & the Internet

. 40 Mn internet users . Estimated to be 50 Mn by March’08 . Internet penetration at 3.5% of population . Smaller cities & towns record 142% YOY growth . 25% users from smaller towns . Over 20Mn NRI’s estimated world over

Source:IAMAI & Internetworldstats Internet Content enriching Consumer Experience

. Entertainment › Online Games, Movies, Music Videos › Association with Indian Television : Indian Idol, MTV Roadies, Fame Gurukul, Saregamapa

Internet Content enriching Consumer Experience

. Education › Tie up with Educational Institutions › E Learning (Computer Based Training) › Online tests

Sify.com-Regional languages Sifymax.in-City Centric Portals Samachar.com Portals growth

2.0 1.9 Revenue 1.7 1.8 1.7 1.6 1.6 1.4 1.4 1.2 1.2 1.1 1.0 1.0 0.8 0.8

0.6 Revenues ( USD Million ) USDRevenues Million ( 0.4

0.2

0.0 Q1 0506 Q2 0506 Q3 0506 Q4 0506 Q1 0607 Q2 0607 Q3 0607 Q4 0607 Q1 0708

1 $ = Rs 40.58 Integrated Enterprise Services

Managed Services Offshore Services

. Managed Network Services › IP/VPN  Network Operations Management

› Global MPLS  Datacenter Operations › Internet & bandwidth Management › VoIP & Converged Network Services  Security Operations Management . Managed Datacenter Services  Application Performance › Managed Servers Management › Managed Mail  Desktop Management › Application Hosting . Security Services  Helpdesk

. Key Verticals Served › IT/ITES- BFSI - Consumer Telecom -Life Sciences › Manufacturing - Retail -Energy - Government Sify Enterprise Services - Profile

. Expertise in delivering mission critical 24x7 technology services . Leader in India by far- IDC . Over 1700 clients, including 400 global companies . Among top providers in Forrester Wave for Offshore Infrastructure Management (2005) . Scalable infrastructure

Case Study : Hosting & Managed services

. Client › RxMD, NJ USA & Chennai , India › Managed by US Board Certified and Licensed Physicians . Service › Hosting Services, Managed services,DR solution & Storage services . Challenge › Highly secured › Infrastructure complaint with US & EU regulations › Scalable architecture › OS & DB administration 24 x 7 . Benefits › Single point solution offering end to end solution starting from Hardware Procurement , Implementation and continuous support › DR server up in 24 hours as per RxMD’s requirement by using unque Sify solution. › Quick Implementation meeting stringent client deadlines › Guaranteed 99.6 % uptime for Network and Infrastructure Case Study : International MPLS Services

. Client › Whirlpool India Limited . Service › International MPLS Services › Accessing servers in US from office in INdia . Challenge › Shifting of application servers to Michigan , US › High uptime commitments in the network › Redundancy on the network › Highly flexible and scalable network solution › End to End Security . Benefits › High uptime reliable network › Strong security feature › Automatic route distinguishers to provide traffic separation

Case Study : VPN Connectivity

. Client › Globus Multi location retail store. › Changeover to Sify from TELCOs . Service › VPN Connectivity with high last mile uptime . Challenge › Integrating Network › High last mile uptime . Benefits › High uptime on entire network including Last mile › Faster implementation › 30-40 % reduction in costs Case Study : Document Management

. Client › DLF Group is a leading name in India’s real estate Industry . Service › Document Management & Scanning services . Challenge › Documents centrally stored in Corporate office Delhi. Hindering productivity as it requires physical travel between locations for document retrieval. › Documents (Legal Documents, Drawings) are to be maintained for long time and is also exposed to wear & tear . Benefits • Fast searching and retrieval of the documents and drawings • Enterprise wise access to the documents • Documents available on one click of a button • Back up to the physical documents • Wear & tear of the documents and drawings was reduced Growth of Enterprise Services

25 Revenue

21.0 19.8 20 19.1 18.5 17.8 16.7 15.4 15.5 15 13.2

10 Revenues ( USD Million ) USDRevenues Million (

5

0 Q1 0506 Q2 0506 Q3 0506 Q4 0506 Q1 0607 Q2 0607 Q3 0607 Q4 0607 Q1 0708 1 $ = Rs 40.58 Enterprise Services - International

Enterprise Infrastructure Services • Infrastructure Management • Infra Projects / Consulting • Security Consulting • Managed Security Services • Hosting Services • Enterprise Appln Management

• •eLearning content services • Content Mgmt • Learning Technology Services

Enterprise eLearning Services Sify Infrastructure Services - Focus

N/W Mgmt Server Infrastructu Mgmt re Application

Support

Support Operations Security

Our Domain THE SIFY EDGE

ENGAGEMENT GOVERNANCE

EXPERIENCE

SERVICE SPECIALIST IN INFRASTRUCTURE REMOTE INFRASTRUCTURE MANAGEMENT SERVICES

EXPERTISE PROCESSES Value Proposition

MULTI LEVEL ENGAGEMENT VALUE

Business

•Business Service Management •Business Impact Process Analysis • Enhanced Productivity - ITIL Best Practices • Reduced Noise Levels - Root Cause Analysis Operations with Six Sigma •Cost reduction savings to 50% •Enhanced Customer Satisfaction : Pro- active approach

Impact on Business Strategy

“Sify Is Best Suited For Discrete Offshore Remote Management”

Forrester Wave TM : Global Delivery Infrastructure Management – December 2005

A history of robust topline growth

136.0 130 115.4 110

89.0 90 69.0

70 49.1 38.9 50 USDMillion 30.2

30 15.3

10

-10 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07

1 $ = Rs 40.58 EBITDA

11.9 15 7.1 10 5.6

2.1 5

0

-5

-10

USD Million USD -15 -11.9

-20

-25

-24.2 -30

-35 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07

1 $ = Rs 40.58 Net Income

3.7 20

0

-3.7 -20 -9.1 -7.6

-40 * -32.8 -60

-80

-100 USD MillionUSD -120

-140

-160 -177.5 -180 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07

*Net Profit included USD 3.2 Mln on account of Profit on Sale of Land & Cricinfo 1 $ = Rs 40.58 Sify – The Opportunity

To leverage: › Large services opportunity in Indian and Global markets

› Proven scalable business models in . Access Media . Portals . Enterprise Services

› Leveraging Technology platform for scale and expertise

› Capable people

› Cash to fuel growth Equity Structure ( Undiluted )

ADR s with Public 58.18%

Infinity Capital 41.82% Others 0.002%

No of Shares 42,808,852 As of 30th Jun 2007