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Posted Apr 4, 2008

i-flex solutions limited to change its name to Oracle Financial Services Limited

By Staff

[From Oracle Corp.]

MUMBAI, 03-APR-2008 11:00 PM The Board of Directors of i-flex solutions Ltd. at its meeting held today in Mumbai, approved a proposal to change the name of i-flex solutions Ltd. to Oracle Financial Services Limited, subject to regulatory and shareholder approvals.

The proposed new name reflects the company's close strategic and operational alignment with its parent, Oracle Corporation, which owns 81 percent of the company.

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