IBM Signs $5 Million IT Infrastructure Services Deal With Kotak

Kotak Mahindra Bank to Save US$1.2 Million Over Next Five Years in Operational Efficiency From Shared Services Model

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BANGALORE, INDIA - 05 Jan 2009: IBM (NYSE: IBM) today announced that it has signed a US$5 million IT services agreement with Kotak Mahindra Bank Limited (Kotak) -- one of India's leading banking & financial services providers. IBM will design, build and maintain a highly scalable, energy-efficient green data center as well as the converged IP network infrastructure for the client. The solution being implemented by IBM will also help Kotak save over US$1.2 million in operational efficiency and reduced energy costs over the next five years. This implementation will help Kotak move towards a shared technology

Vikram Sud, Group COO, Kotak Mahindra Bank Limited, speaking about the shared Data Center implementation, said, "In our aspiration towards building a world class, integrated banking and financial services institution, we are rolling out several initiatives which include a shared services utility model to leverage economies of scale and adopting more environmentally friendly processes including the reuse of materials, waste recycling and using renewable energy sources."

Commenting on the relationship with Kotak, Nipun Mehrotra, Vice President & General Manager, Global Technology Services, IBM India/S Asia, said, "IBM is committed to helping clients bring greater efficiency in their operations by deploying solutions that can highly optimize their IT and hence reduce costs. IBM has a unique value proposition to offer to clients in these difficult times and we are excited about this partnership with Kotak Mahindra Bank."

The two agreements, signed in September and October 2008, will help Kotak further strengthen its position as one of the leading banking and financial services provider in India. The 7,000 sq ft raised floor data center being deployed for Kotak is one of the most energy-efficient in the country and uses a chilled water-based cooling and an automatic floor pressurization system.

To bring greater value to its customers, Kotak has been relying on best-in-class technology solutions. They wanted to put in place a robust network infrastructure and consolidate its distributed server rooms into one centralized data center which is green and can scale up to the growing needs of its group companies. The solution designed by IBM offers 100 percent concurrent maintainability in its power and cooling design and an optimal uninterruptible power supply (UPS) configuration for energy efficiency. IBM will also be deploying a new-generation switching technology and IP convergence solution for over 3,000 users.

IBM continues to command a strong leadership in the data center space and has built over 300,000 sq ft raised floor of data center space in the country. The company has already deployed green data centers for over a dozen clients in the country.

About Kotak Mahindra Group

WWW.KOTAK.COM

Kotak Mahindra Group, one of India's leading financial services providers, offers comprehensive financial solutions -- including commercial banking, stock broking, mutual funds, life insurance and investment banking -- and caters to the financial needs of individuals and corporations. The group had 2007-08 sales of around US$1650 million; has around 20,000 people in its various businesses; and has a distribution network of more than 1,330 branches, franchisees, representative offices and satellite offices across cities and towns in India. Kotak Mahindra also has offices in New York, London, San Francisco, Dubai, Mauritius and Singapore. In all, the group services around 5.6 million customer accounts.

About IBM's Project Big Green
In May 2007, IBM launched Project Big Green to help clients around the world improve the efficiency of IT and better optimize their data center resources. IBM invested US$1 billion to increase the efficiency of IBM products to help data centers reduce energy consumption, demonstrating its energy efficiency by consolidating up to 3,900 computer servers onto about 30 System z servers running Linux operating system and virtualization technology. In the past year, IBM has engaged with more than 2,000 clients, delivering a variety of hardware, software and services technologies to help businesses reduce data center energy consumption and cut energy costs by more than 40 percent. For more information, please visit www.ibm.com/green.

About IBM
For more information, visit www.ibm.com/services.

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