HCL Technologies Ltd.

HCL Technologies and HCL Great Britain (together HCL) has entered into an agreement with Mecom Group plc (Mecom) for outsourcing a significant portion of Mecom’s IT operations. HCL will initially provide Mecom with infrastructure and, in certain cases, applications management services in the Netherlands, Denmark and Norway.

Service provision will commence in the first half of 2012 and will last for 5 years, capable of extension at Mecom’s option for a further two years. The agreement also provides for the extension in due course and by mutual agreement of the services to be provided by HCL into other areas of IT. Pursuant to this agreement, HCL hopes to emerge as a dominant force in multi-channel services for the media industry.

Over the 5 years the total cost to Mecom of services to be provided by HCL will be in excess of pound sterling 90 million, representing approximately one third of Mecom’s anticipated future IT cost base. During the next 18 months Mecom will bear transition and other exceptional up-front cash costs amounting to approximately pound sterling 19 million, as well as outsourcing-related capital expenditure costs of approximately pound sterling 12 million, the larger of which will be incurred in 2012.

HCL’s sharp focus on Europe and on micro verticals like media and entertainment is helping the company win large transformational partnerships where it will help customers save costs and invest it back in transforming their business.