Emuzed selects Wipro's IEEE 1394 Core for Digital Video Application

Bangalore, July 22, 2002 - Wipro Technologies, the global IT services division of Wipro Limited (NYSE:WIT), today announced the licensing of its IEEE 1394a OHCI 1.1 Core to Emuzed Inc., a leading provider of multimedia products for the PC and embedded markets. This will enable Emuzed to increase the range and speed of its offerings in the digital video market.

"We evaluated various IEEE 1394a OHCI 1.1 Cores and chose Wipro for their proven quality, responsiveness to our needs and excellent support," said Bhupen Shah, COO and Executive VP of Engineering at Emuzed. "Our partnership with Wipro enables us to offer products in a rapidly growing digital video market." Wipro has licensed its IEEE 1394a OHCI 1.1 Core to Emuzed and has backed it up with extensive customisation support. Wipro is providing Emuzed the IEEE 1394a OHCI with PCI interface for dual function support.

With the household preference moving towards digital TV and digital products such as MP3 players, many of these devices and products will become connected to each other in future to provide consumers with greater choice, convenience and productivity in their homes. With its excellent peer-to-peer connectivity features, IEEE 1394 has emerged as the next-generation interface for peripheral products at home.

"At Wipro, we have continuously striven towards developing highly optimised connectivity solutions to cater to the specific needs of each industry segment. Our connectivity solutions portfolio includes IEEE 1394, USB, Gigabit Ethernet, Bluetooth and Wireless LAN. In our view, 1394 will be a key connectivity solution for digital homes of future," said Ramesh Emani, Chief Executive, Embedded & Access Solutions at Wipro Technologies. "We are very happy to be working with Emuzed. Emuzed's selection of our 1394a OHCI core is yet another endorsement of our leadership position in 1394 solutions."

Wipro developed its 1394 core in 1996 and introduced its silicon proven 1394 b core in April 2000. Wipro has leadership position in connectivity solutions particularly in IEEE 1394 with a comprehensive suite of IPs consisting of both 1394a and 1394b Link and Physical Layer Cores along with a 1394a/b system level test bench and 1394 software solutions.

About Wipro Limited
Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally.

In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange, among others.

For more information, please visit our websites at www.wipro.com , www.wiprocorporate.com .

About Emuzed
Emuzed provides advanced, MPEG-based multimedia HW and sw products, chipsets and services for mobile devices, PCs and Consumer Electronics. Emuzed solutions are based on international audio and video compression standards such as MPEG-1, 2 and 4, MP3, GSM-AMR and AAC. These solutions enable companies to deliver high quality audio and video through DVD, PC, cable, satellite, set-tops, the Internet and in 2.5 and 3G wireless devices. Target customers include Semiconductor and Device Manufacturers, Service Providers, PC and 'after-market' OEMs who wish to quickly incorporate rich-media capture and presentation into their products.

Emuzed was founded in 1999 by a team of MPEG industry pioneers and experts. The company is headquartered in Fremont, California, in the heart of the Silicon Valley, and has operations in Bangalore, India.

For more information, please call +1 (510) 252-9637 or visit www.emuzed.com .

Forward-Looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.

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