Ness Technologies Announces Approval of Dual Listing on the Tel Aviv Stock Exchange

HACKENSACK, New Jersey, September 1 /PRNewswire-FirstCall/ — Ness
Technologies, Inc. (NASDAQ: NSTC), a global provider of information
technology solutions and services, announced today that the Tel Aviv Stock
Exchange (“TASE”) has approved the dual listing of the company’s common stock
on the TASE beginning at market open on Monday, September 14, 2009, under the
ticker symbol NSTC. The company’s common stock will continue to be listed on
the NASDAQ Global Select Market in the United States, and Ness will remain
subject to the rules and regulations of NASDAQ and of the U.S. Securities and
Exchange Commission.

Ness will host a welcoming ceremony on Sunday, September 13, 2009 at
11:30 AM Israel time at the Tel Aviv Stock Exchange Conference Center at 54

Ahad Ha‘am Street, Tel Aviv. Sachi Gerlitz, president and CEO of Ness, and

Ofer Segev, CFO and executive vice president, will speak and will be
available for questions. All institutional investors are invited. A separate
event for the Israeli press will be held at 9:00 AM local time.

“We are very pleased to welcome Ness Technologies to the exchange,” said

Ester Levanon, CEO of the Tel Aviv Stock Exchange. “Ness is one of the
leading IT services providers, both in Israel and globally. We appreciate the
opportunity to dual-list Ness’ shares on the TASE, making them accessible to
a wider range of investors. Ness Technologies joins a growing number of
hi-tech companies listed on the TASE, which strengthens our bond with the
hi-tech world.”

“We look forward to our new TASE dual listing,” said Sachi Gerlitz,
president and CEO of Ness Technologies. “Although we are a U.S.-based
corporation, almost a third of our business is for Israeli customers or
delivered by our Israeli workforce. This dual listing reinforces our
visibility and stature in the Israeli marketplace, and we believe it will
make our shares accessible to a range of new investors and funds. We also
believe that the aggregate trading volume of Ness shares will expand,
increasing liquidity for institutional investors. Finally, the dual listing
will provide trading access for European investors during regular European
business hours and will afford Ness investors worldwide with more than 13
hours of continuous trading access.”

Ness, with a market capitalization of approximately $230 million, is
expected to become part of the TA-100 index using the TASE’s fast track
system. This enables dual-listed companies to enter the leading stock
exchange indices shortly after they have been dual-listed.

Trading on the TASE occurs Sunday through Thursday from 9:45 AM to 4:30
PM Israel time, except on TASE trading holidays. Through the Dual Listing Law
that took effect in October 2000, U.S.-listed companies may dual-list on the
TASE without any additional regulatory requirements. TASE links to the U.S.
markets with a direct link to DTC, a subsidiary of the Depository Trust &
Clearing Corporation, which facilitates the trading of dually-listed
securities.

About Ness Technologies

Ness Technologies (NASDAQ: NSTC) is a global provider of IT and business
services and solutions with specialized expertise in software product
engineering; system integration, application development and consulting; and
software distribution. Ness delivers its portfolio of solutions and services
using a global delivery model combining offshore, near-shore and local teams.
With about 7,800 employees, Ness maintains operations in 18 countries, and
partners with numerous software and hardware vendors worldwide. For more
information about Ness Technologies, visit http://www.ness.com.

Forward Looking Statement

This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements often are preceded by words such as “believes,” “expects,” “may,”
“anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions.
Forward-looking statements reflect management’s current expectations, as of
the date of this press release, and involve certain risks and uncertainties.
Ness’ actual results could differ materially from those anticipated in these
forward looking statements as a result of various factors. Some of the
factors that could cause future results to materially differ from the recent
results or those projected in forward-looking statements include the “Risk
Factors” described in Ness’ Annual Report of Form 10-K filed with the
Securities and Exchange Commission on March 16, 2009. Ness is under no
obligation, and expressly disclaims any obligation, to update or alter its
forward-looking statements, whether as a result of such changes, new
information, subsequent events or otherwise.

    Media Contact - United States:
    John Fitzsimmons
    USA: +1-781-223-5833
    Email: john.fitzsimmons@ness.com

    Media Contact - Israel:
    David Kanaan
    Intl: +972-54-425-5307
    Email: media.int@ness.com

    Investor Relations Contact:
    Drew Wright
    USA: +1-201-488-3262
    Email: investor@ness.com

SOURCE Ness Technologies Inc