Rediff.com India Limited Schedules Fourth Quarter and Fiscal Year Ended Earnings Results Conference Call For May 23, 2008

Business Wire, May 16, 2008

MUMBAI, India -- Rediff.com India Limited (Nasdaq:REDF), one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services, will release its results for the Fourth Quarter and Fiscal Year ended March 31, 2008, at 8.00 am ET (5:00 am Pacific Time / 5:30 pm India Time) on Friday, May 23, 2008.

In conjunction with this release, Rediff.com will host a conference call. Ajit Balakrishnan, Chairman and Chief Executive Officer and Joy Basu, Chief Financial Officer will host the call at 8.30 am ET (5:30 am Pacific Time / 6:00 pm India Time), May 23, 2008 soon after declaring the Fourth Quarter and Fiscal Year results.

To participate, please call at least ten minutes in advance of the call.

U.S. Participants: 877-209-0463

UK Participants: 0800 917 4860

Singapore Participants: 800 101 1350

Hong Kong Participants: 800 901 700

International Participants: 1-706-643-0243

Conference ID (For Outside India Participants only) - 48396230#

India Participants: 91-22 2781 3117

A question-and-answer session will follow management's presentation. Please confirm your participation to Debabrata Saha at investor@rediff.co.in as soon as possible.

Safe Harbor

Except for historical information and discussions contained herein, statements included in this release may constitute "forward-looking statements." These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward looking statements. These risks and uncertainties include but are not limited to the slowdown in the U.S. and Indian economies and in the sectors in which our clients are based, the slowdown in the internet and IT sectors world-wide, competition, success of our past and future acquisitions, attracting, recruiting and retaining highly skilled employees, technology, legal and regulatory policy, managing risks associated with customer products, the widespread acceptance of the internet as well as other risks detailed in the reports filed by Rediff.com India Limited with the U.S. Securities and Exchange Commission. Rediff.com India Limited and its subsidiaries may, from time to time, make additional written and oral forward-looking statements, including statements contained in its filings with the Securities and Exchange Commission and its reports to shareholders. Rediff.com India Limited does not undertake to update any forward-looking statement that may be made from time to time by it or on its behalf.