One word says it all -- All Deloitte Entities to be recognized in the market place under the brand 'Deloitte.

Mumbai, October 8, 2003 - Deloitte, the global professional services organization, today announced the launch of the new brand name Deloitte" to highlight the value of its multidisciplinary organization. Todays change means that the firms known in various national and global markets as Deloitte Touche Tohmatsu, Deloitte & Touche, and Deloitte Consulting, while retaining their local legal names, will now be known as the brand Deloitte."

Mumbai, October 8, 2003 - Deloitte, the global professional services organization, today announced the launch of the new brand name Deloitte" to highlight the value of its multidisciplinary organization. Todays change means that the firms known in various national and global markets as Deloitte Touche Tohmatsu, Deloitte & Touche, and Deloitte Consulting, while retaining their local legal names, will now be known as the brand Deloitte."

Manish Soman, Managing Director - Deloitte Consulting in India said, Our clients business challenges in this new environment are more complex than ever before and demand a greater understanding of both the detailed and long-range needs of our clients. The new, combined organization is a reflection of the greater capability and array of services that we can offer to clients as a multidisciplinary firm. The breadth of our vision and our ability to respond globally is more comprehensive than any other professional services firm."

The global organization made the decision to retain the consulting arm of the business, allowing Deloitte member firms to offer a wide range of services to clients to help them respond to the ever-increasing complexity of global business. This will enable Deloitte to be the Largest Professional Services Firm in the World. Deloitte, which is also the largest privately held Professional Services Firm, and that allows it to make key investments in Clients and initiatives that are not driven by Quarterly results for the Shareholders.

Mr. Soman further said, Along with our multidisciplinary approach to client service, our position as a global employer of choice is one of our most important strategic advantages. I envision our member firms as taking the lead in setting a new standard of excellence, integrity, and quality, emerging as the premier brand in the marketplace."

Deloitte is the name by which the organization is most widely known around the world and the name to which we are most often abbreviated. The new brand illustrates the completeness of the Deloitte proposition and its integrated approach to solving clients' problems. Executives are facing more complex issues than ever before and have to respond to a greater number of constituents in a shorter time frame. Deloitte brings a unique and more comprehensive way of looking at every issue and understands the broader implications of each business decision.

Deloitte continued to expand its reputation as an excellent place to work and the Employer of Choice in the profession globally, with accolades awarded to member firms in 22 countries. In the United States, Deloitte was named one of the Top 100 Companies to Work For by Fortune and Working Mother magazines for the sixth and tenth consecutive years, respectively. The US firm was also cited for its leadership in diversity and training. Other accolades include being named one of the 50 Best Companies to Work For" by the United Kingdoms Sunday Times, Frances LExpansion, and Germanys Wirtschaftswoche.

In India, the Consulting practice of Deloitte also has a joint Venture with Mastek in Mumbai, and a wholly owned entity in Hyderabad. Deloitte Consulting is seeing great value in Extended Delivery and the India based offshore model is seen as an immense opportunity that delivers great value to our clients. Deloitte XDi based on this demand is targeting to double staff numbers from the current 1000 staff this year and also in the following year

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Deloitte -XDi

Deloitte -- Extended Delivery (XDi) serves as the offshore delivery arm for Deloitte Consulting projects involving application development and maintenance, and software package upgrades. Deloitte -XDi has highly skilled resources across three technology service areas: Technology Integration (TI), Enterprise Application (EA) and Customer Relationship Management (CRM). Its clientele is predominantly Fortune 500. DC-XDi offers its people a global platform to hone their technology skills. Even fresh recruits get to work on some of the most prestigious and challenging IT projects for the best companies in the world. Individuality is encouraged at Deloitte -XDi but the company also firmly believes that teamwork delivers results. Deloitte --XDis friendly but highly professional atmosphere, low attrition rate, world-class infrastructure, best-of-breed facilities and very competitive salaries attract the cream of Indias software technology talent pool.

Deloitte Consulting (DC)

Deloitte Consulting (www.dc.com) is one of the world's leading management consulting firms, with offices in more than 33 countries. It services a large portion of Fortune 500 companies. Its list of honors includes Gartners elite 'Leader listing in four key areas-Business Process Transformation, CRM, SAP Solutions, and IT Strategy Planning and Infrastructure Services. Deloitte has also been on Fortune magazines list of the 100 Best Companies to Work for in America" for four consecutive years.