SIFY Reports US GAAP Results for the Fiscal Year Ended 31st March 2005; 2004-05 Annual Revenues Grow 29% to $82.8 Million; 2004-05 Cash Profits —Adjusted EBITDA— increased 168% to $5.17 Million, Net Loss Reduced by 17% to $7.05 Million

Business Wire, April 19, 2005

Forward Looking Statements:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify's business, please see the discussion under the caption "Risks Related to Our Business" in the company's report on Form 6-K for the quarter ended December 31, 2004 which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov.