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May 9, 2007

NRF Launches Group's First IT Retail Domain Knowledge Credential Program

For Immediate Release
Contact: Kathy Grannis, 202-783-7971\
Email: grannisk@nrf.com

NRF Launches Group’s First IT Retail Domain Knowledge Credential Program

Washington, May 9, 2007 - The National Retail Federation today announced the Basics of Retailing credential program, NRF’s first accreditation for information technology and other business consulting professionals. The program aims to foster deeper industry familiarity among IT professionals and those with expertise in other domains who demonstrate a certain mastery of the retailing business.

Through the external credential process, employees of IT service providers or employees of retail companies who lack prior experience in retail have an industry standard to benchmark and gauge their retail domain expertise. This is unique to the industry that is heavily dependent upon internally developed programs, as well as on-site education.

“NRF is committed to advancing education in all retail sectors,” said NRF President and CEO Tracy Mullin. “This new credential program is a significant step forward in creating a benchmark for expertise required to align IT and other business strategies and solutions with the business goals of retailers.”

Infosys Technologies, a world leader in consulting and IT solutions, is the first organization to engage NRF to develop the assessment and credential program and has exclusivity with the program for one year. Infosys expects to assess the retail domain knowledge of more than 1,000 employees by the end of the year. Early in 2008 the program will be available to all professionals.

“Technology may serve as a transformational agent, but only when applied with industry expertise. We invest in educating our employees about the technology and the retail industry so that we may help clients transform operations based on their market nuances,” said Pravin Rao U. B., Senior Vice President – Retail, Distribution & Consumer Products Group Infosys Technologies. “The NRF Basics of Retailing certificate creates a badge of domain expertise and sets a standard for the industry.”

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 72,000 employees in over 39 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com.

The National Retail Federation is the world's largest retail trade association, with membership that comprises all retail formats and channels of distribution including department, specialty, discount, catalog, Internet, independent stores, chain restaurants, drug stores and grocery stores as well as the industry's key trading partners of retail goods and services. NRF represents an industry with more than 1.6 million U.S. retail establishments, more than 24 million employees - about one in five American workers - and 2006 sales of $4.7 trillion. As the industry umbrella group, NRF also represents more than 100 state, national and international retail associations. www.nrf.com

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