SGX Signs IT Infrastructure Agreement With HCL Technologies

SINGAPORE and NOIDA, India, June 14, 2010 - Singapore Exchange (SGX) and HCL Technologies (HCL), a leading global IT
services provider, today said they have signed a five-year IT infrastructure
outsourcing agreement worth S$110 million.

Under the agreement, HCL will provide SGX with infrastructure support and
management services including the exchange's Reach initiative. The S$250
million Reach initiative announced on 3 June aims to create the world's
fastest trading engine, establish a state-of-the-art data centre offering
co-location facilities and seamlessly connect trading communities in global
financial hubs to Singapore.

HCL's solution architecture for SGX is powered by a dynamic two-pronged
strategy comprising 'Change the Business' and 'Run the Business' services.

Mr. Bob Caisley, Executive Vice President and Chief Information Officer
at SGX said, "HCL is an important partner for SGX in enabling the Reach
initiative to provide customers with the fastest access to Asia, and in
enhancing the efficiency and effectiveness of our operations on a daily
basis. The implementation of Reach will ensure that SGX's position as a
leading listing venue for international issuers and the unparalleled trading
venue for Asian products is fortified and future-proofed."

"This agreement will leverage on HCL's transformational solutions. With
this agreement in place, our 700-plus strong team at HCL's Regional
Headquarters and delivery centre, we plan to further consolidate our position
here in Singapore to develop and focus extensively on markets in the Asia
Pacific region," said Mr. Virender Aggarwal, Executive Vice President for
APAC & MEA, HCL Technologies.

Commenting on the engagement, Mr. Kiran Bhagwanani, Senior Vice President
and Worldwide Head of System Integration Sales, Infrastructure Services
Division, HCL Technologies, said "It is our privilege to be associated with
SGX as it continues to improve its customer offerings. Our aim is to enable
transformation of data centre and network operations at SGX to bring in
enhanced efficiency and clear business benefits. We have a lineage of
long-lasting successful engagements of similar nature that involve critical
service propositions. We are equally committed to ensuring superior
performance year-on-year for SGX and its members, having been entrusted with
the responsibility of managing its large and complex infrastructure."

About Singapore Exchange

Singapore Exchange (SGX) is among the world's largest
exchanges and Asia's second largest listed exchange. As the Asian gateway,
SGX is the market of choice for investors wanting to participate in Asia's
vibrant and rapidly-growing economies, and for Asian issuers seeking
international capital.

SGX's extensive suite of securities, derivatives and
commodities products makes it Asia's most international exchange. SGX's
services range from listings, trading, high-speed market access, clearing and
settlement to depository services and Central Counter Party services for OTC
traded derivatives. With the region's longest trading hours, and powered by
cutting edge technology, SGX is the unparalleled conduit for investment flows
into and out of Asia.

For more information, please visit www.sgx.com

About HCL Technologies

HCL Technologies is a leading global IT services company,
working with clients in the areas that impact and redefine the core of their
businesses. Since its inception into the global landscape after its IPO in
1999, HCL focuses on 'transformational outsourcing', underlined by innovation
and value creation, and offers integrated portfolio of services including
software-led IT solutions, remote infrastructure management, engineering and
R&D services and BPO. HCL leverages its extensive global offshore
infrastructure and network of offices in 26 countries to provide holistic,
multi-service delivery in key industry verticals including Financial
Services, Manufacturing, Consumer Services, Public Services and Healthcare.
HCL takes pride in its philosophy of 'Employee First' which empowers our
58,129 transformers to create a real value for the customers. HCL
Technologies, along with its subsidiaries, had consolidated revenues of US$
2.6 billion (Rs. 12,048 crores), as on 31st March 2010 (on LTM basis). For
more information, please visit www.hcltech.com

About HCL

HCL is a $5 billion leading global technology and IT
enterprise comprising two companies listed in India - HCL Technologies and
HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage
start-ups. A pioneer of modern computing, HCL is a global transformational
enterprise today. Its range of offerings includes product engineering, custom
& package applications, BPO, IT infrastructure services, IT hardware, systems
integration, and distribution of information and communications technology
(ICT) products across a wide range of focused industry verticals. The HCL
team consists of over 62,000 professionals of diverse nationalities, who
operate from 26 countries including over 500 points of presence in India. HCL
has partnerships with several leading Global 1000 firms, including leading IT
and Technology firms. For more information, please visit www.hcl.in

Forward-looking Statements

Certain statements in this release are forward-looking
statements, which involve a number of risks, uncertainties, assumptions and
other factors that could cause actual results to differ materially from those
in such forward-looking statements. All statements, other than statements of
historical fact are statements that could be deemed forward looking
statements, including but not limited to the statements containing the words
'planned', 'expects', 'believes', 'strategy', 'opportunity', 'anticipates',
'hopes' or other similar words. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties regarding
impact of pending regulatory proceedings, fluctuations in earnings, our
ability to manage growth, intense competition in IT services, Business
Process Outsourcing and consulting services including those factors which may
affect our cost advantage, wage increases in India, customer acceptances of
our services, products and fee structures, our ability to attract and retain
highly skilled professionals, our ability to integrate acquired assets in a
cost effective and timely manner, 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, the success of our brand development
efforts, liability for damages on our service contracts, the success of the
companies / entities in which we have made strategic investments, withdrawal
of governmental fiscal incentives, political instability, legal restrictions
on raising capital or acquiring companies outside India, and unauthorized use
of our intellectual property, other risks, uncertainties and general economic
conditions affecting our industry. There can be no assurance that the forward
looking statements made herein will prove to be accurate, and issuance of
such forward looking statements should not be regarded as a representation by
the Company, or any other person, that the objective and plans of the Company
will be achieved. All forward looking statements made herein are based on
information presently available to the management of the Company and the
Company does not undertake to update any forward-looking statement that may
be made from time to time by or on behalf of the Company.

Appendix

HCL's solution architecture for SGX is powered by a dynamic two-pronged
strategy that includes 'Change the Business' services for successful
implementation of transformational programmes such as Dual Data Centre
Architecture, Exchange & Email Archiving, Server Virtualization, Network
Consolidation; and 'Run the Business' services for achieving operational
excellence across Cross-functional Services, Servers, Mainframe & Web
Hosting, End User Computing & Managed Network Services. This solution
framework, designed keeping the core tenets aligned to its business and
sourcing objectives, will be delivered out of HCL's Jurong and Noida delivery
centres.

For further information, kindly contact:

    Singapore Exchange
    Magdalyn Liew
    Corporate Communications
    Tel : +65-6236-8157
    Email : magdalynliew@sgx.com

    HCL Technologies
    Singapore:
    WeR1 Consultants Pte Ltd
    Lai Kwok Kin/Amy Yeo +65-98192153/ or
    +65-93865406
    laikkin@wer1.net or amyyeo@wer1.net

    India:
    Akanksha Jain/ Dhwani Tandon
    Corporate Communications
    HCL Technologies Limited
    Tel : +91-9871900447/ +91-956091334
    Email : akankshaj@hcl.in or
    dhwani.tandon@hcl.in
    www.hcltech.com

For further information, kindly contact: Singapore Exchange, Magdalyn Liew, Corporate Communications, Tel : +65-6236-8157, Email : magdalynliew at sgx.com; HCL Technologies, Singapore: WeR1 Consultants Pte Ltd, Lai Kwok Kin/Amy Yeo +65-98192153/ or +65-93865406, laikkin at wer1.net or amyyeo at wer1.net; India: Akanksha Jain/ Dhwani Tandon, Corporate Communications, HCL Technologies Limited, Tel : +91-9871900447/ +91-956091334, Email : akankshaj at hcl.in or dhwani.tandon at hcl.in