May 21, 2010, For Immediate Release

Mahindra, SkySong Celebrate Two Important Landings in Scottsdale ’s Engineering Services & ASU SkySong announce opening of new office and welcome Millions Against Malaria flight on trip around globe

Scottsdale, Ariz. – With the touchdown of an Australian GA8-TC Airvan at Scottsdale Municipal Airport and the unlocking of an office door at SkySong, the ASU Scottsdale Innovation Center, two important landings occurred in the Valley today.

ASU SkySong and Mahindra Engineering Services (MES) announced the opening of a new office for MES, a subsidiary of India-based multinational corporation Mahindra. In addition, the Millions Against Malaria flight made a brief stop on its way to circumnavigating the globe to celebrate 100 years of Australian aviation and raise $1 million for malaria awareness.

The plane is made by GippsAero, one of Australia’s most reputed aircraft producers that was recently acquired by – the aero components, aero structures and aircraft manufacturing arm of Mahindra. It is attempting to become the first Australian designed and manufactured aircraft to travel around the world. GippsAero and MES will also use the wealth of data from this flight to improve the price performance of the Airvan by leveraging the skills of GippsAero, Mahindra Engineering and Mahindra Aerospace in making the product compatible with the United States and 32 other global markets where it has already obtained type certification

MES and ASU SkySong welcomed pilots Ken Evers and Tim Pryse at a special reception at SkySong this afternoon, celebrating both MES’ new Scottsdale office – its first U.S. aerospace location – and the Millions Against Malaria flight.

“Since our departure from Bendigo, we have had quite an exciting journey in the Airvan which has admirably proved itself as far as endurance and precision is concerned,” Evers said. “Both Tim and I are thrilled to make a stop in the Valley of the Sun, which is known for its rich aviation heritage. We would like to thank Mahindra for their generous support of our effort and thank both Mahindra Engineering Services and ASU SkySong for welcoming us to Arizona and making this a memorable part of our journey.”

“I am delighted to welcome Ken and Tim to Scottsdale as they make their historic trip around the globe, and I commend Mahindra for their dedication to corporate social responsibility” said Scottsdale Mayor Jim Lane. “I am also especially pleased that Mahindra Engineering Services has chosen to land here in Scottsdale at SkySong and become an important new member of our business community.”

ASU SkySong has partnered with MES to develop its entry into the U.S. market by leveraging Arizona’s positive business climate for fast-growing companies, the vibrant ecosystem of SkySong and the resources of ASU. SkySong will help provide MES access to the rich networks of Arizona-based aerospace research, business and technology groups, aerospace faculty, economic development organizations and government agencies to quickly establish a presence in the U.S. aerospace market.

“SkySong continues to attract innovative and impressive global companies and we have been pleased to create a ‘soft landing place’ for Mahindra Engineering Services here in Arizona,” said Julia Rosen, ASU’s associate vice president of Innovation and Entrepreneurship. “We look forward to helping them connect with the many resources of ASU and advance their ambitious plans for growth in the U.S. aerospace market.”

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Mahindra Engineering Services’ decision to locate its first U.S. aerospace office at SkySong shows the strength of the state’s growing aerospace industry, according to Barry Broome, president and CEO of the Greater Phoenix Economic Council.

“MES will fit in well with Arizona’s other innovative, dynamic companies,” Broome said. “Greater Phoenix’s focus on research, its talented workforce, and existing aerospace companies makes the region the right market for MES to launch its plans for growth.”

“Mahindra Engineering Services is honoured to become a part of the business community of Scottsdale and the greater Phoenix area and we look forward to connecting effectively with the research and business development resources of ASU,” said MES CEO Prashant Kamat. “Phoenix is known the world over for its skilled talent and world- class facilities in the field of aviation and aerospace and I cannot think of a more appropriate destination for Ken and Tim to land the Airvan as they fly around the globe.”

About Mahindra Systech Mahindra Systech, a division of the $6.3 billion , is a strategic ‘Design to Delivery’ supplier of comprehensive component products and engineering services with the distinction of being the 5th largest forging company in the world. Systech has state-of-the-art capabilities in significant processes such as forgings, castings, gears, stampings, steel, ferrites, contract sourcing, composites, engineering services and telematics, with an installed capacity exceeding half a million MT in its flagship business units. It has also recently forayed into the aerospace business to tap growth opportunities in India’s defense and civil aerospace markets.

Mahindra Engineering Services (MES) is a leading engineering services provider to the global automotive, aerospace and manufacturing industry. MES has offices located in India, USA, UK, Germany and Italy. MES has a global customer base in the aero and auto industry.

Mahindra Aerospace is Systech’s aircraft and aero-structure manufacturing division. With decades of experience in global aerospace design and development programmes, Mahindra Aerospace prides itself on offering a wide spectrum of services ranging from conceptual design through productionizing aerospace products. Mahindra Aerospace recently acquired Aerostaff Australia and Gippsland Aeronautics to further its objective to be a complete manufacturer of Aero Structures and 2-20 seat aircrafts

About ASU SkySong SkySong, the ASU Scottsdale Innovation Center, offers comprehensive business development assistance, as well as a portal to the resources and services of Arizona State University. ASU SkySong supports new technology start-ups with office space, access to business services and continuing training geared toward local innovators and global firms seeking to start operations in the United States.

About the Mahindra Group Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US $6.3 billion Indian multinational. It employs over 1 million people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, tourism, development, and logistics. The Mahindra Group today is an embodiment of global excellence and enjoys a strong corporate brand image.

Mahindra is the only Indian company among the top tractor brands in the world and has made an entry in the two- wheeler segment, which will see the company emerge as a full-range player with a presence in almost every segment of the automobile industry.

Mahindra Systech, the Group’s component, technology and engineering services arm has promoted Mahindra Aerospace and Mahindra Engineering to serve ESO and MSO requirements respectively. The Mahindra Group expanded its IT portfolio when acquired the leading global business and information technology services company, Satyam Computer Services. The company is now known as .

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Mahindra's Farm Equipment Sector is the proud recipient of the Japan Quality Medal, the only tractor company worldwide to be bestowed this honour. It also holds the distinction of being the only tractor company worldwide to win the Deming Prize. The US based Reputation Institute ranked Mahindra among the top 10 Indian companies in its Global 200: The World's Best Corporate Reputations list.

Mahindra is also one of the few Indian companies to receive an A+ GRI checked rating for its first Sustainability Report for the year 2007-08 and has also received the A+ GRI rating for the year 2008- 09.

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Flight Path of the GA8-TC Airvan across the globe Location Distance (nm) Bendigo, Australia -- Norfolk Island, Australia 1275 Pago Pago, American Samoa 1478 Christmas Island, Kiribati 1261 Hilo, Hawaii, USA 1073 Mojave, CA, USA 2154 McNeal, AZ, USA 474 Scottsdale, AZ, USA 170 New Orleans, LA, USA 1130 Kingston, Jamaica 1032 Bridgetown, Barbados 1041 Macapa, Brazil 928 Natal, Brazil 1012 Accra, Ghana 2211 Entebbe, Uganda 1982 Dar Es Salaam, Tanzania 579 Mahe Island, Seychelles 983 Bangalore, India 1702 Hanoi, Vietnam 1723 Zamboanga, Philippines 1275 Wewak, Papua New Guinea 1440 Port Moresby, Papua New Guinea 410 Cairns, Australia 455 Arrive in Bendigo, Australia 1194

Total Distance 27,038

For further information, please contact:

Roma Balwani Jim Brewer Sr. VP & Head - Corporate Communications Sr. Director of Marketing Mahindra & Mahindra Ltd. ASU SkySong , India Mobile: (602) 617-996 Phone: (+91-22) 2490 1441 Office: (480) 884-1564 [email protected] [email protected]