Edelweiss Capital Ltd (”Manager to the Offer”) on behalf of Tayana Software Solutions Pvt Ltd (”Acquirer”) has issued this Post Offer Public Announcement to the shareholders of AXIS IT&T Ltd (”Target Company”), which is in continuation of and should be read in conjunction with the Public Announcement (”PA”) dated January 15, 2008, & Corrigendum to the PA dated March 18, 2008, pursuant to Regulations 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (” SEBI (SAST) Regulations”) to acquire upto 39,92,097 fully paid-up equity shares of face value of Rs 5/- each representing 20.00% of the voting capital of the Target Company at a price of Rs 19.59/- (Rupees Nineteen & Fifty Nine paise only) each per fully paid up equity share, payable in cash.