EPAM Reconfirms Its Leadership Position Among Outsourcing Vendors in Central and Eastern Europe by Being the Sole Regional Provider Included Into ''2007 Top 50 Best Managed Global Outsourcing Vendors'' by Brown-Wilson Group

EPAM Systems, Inc., the leading global offshore software
engineering outsourcing provider with development centers in Central
and Eastern Europe, for the second year running has made the list of
the annual "2007 Top 50 Best Managed Global Outsourcing Vendors"
compiled by Brown-Wilson Group, a not-for-profit outsourcing
management consulting firm, author of "The Black Book of Outsourcing".
Singled out from the pool of 1480 qualified global outsourcing
companies, the current year rankings identify the top 50 vendors via
scoring as assessed by the clients and incorporate the results of The
Black Book's electronic survey. The study was conducted with the
purpose to draw out the outsourcing service purchasers' experience
with regard to service providers globally.

EPAM's clients responded that the company is their top-choice
provider for the second year running. With majority of its development
workforce located across Central and Eastern Europe (including Russia,
Belarus, Hungary, and Ukraine), EPAM is the only regional outsourcing
service provider who has retained a consecutive 2007 inclusion into
the 50 Best Managed rating. Having demonstrated consistent strength in
four survey areas such as human capital performance, C-Level
commitment, corporate direction, and leadership impact, the company
has been specifically commended for responsiveness to the client
needs, which "sets EPAM apart as the top-ranking Russian outsourcing
company." EPAM has also been noted as a "leading choice with IT
offshore development buyers" with "strong consultative approach in
solving engagement issues."

Besides naming the 50 best managed outsourcing vendors, the study,
recognized as the only industry standard for unbiased customer
satisfaction in the global services market, also delves into industry
trends and client-vendor relationships and serves as a guide for the
companies that are shopping for an outsourcing supplier, as well as
for the suppliers helping them identify weaknesses and areas for
growth. Brown-Wilson Group, in coordination with its research effort,
ranked outsourcing vendors according to responses by nearly 17,000
executives and others involved in outsourcing decision-making about
their experience and satisfaction with their current suppliers. The
survey participation was voluntary and anonymous.

A closer look at leading outsourcing vendors as identified by the
"The Black Book of Outsourcing" study -- including the top-ranked
outsourcing advisors and the most desirable locations for outsourcing
-- has been published in the Dow Jones flagship publication, The Wall
Street Journal Online.

"Reconfirming our status of one of the best 50 global outsourcing
vendors named to the list together with many undisputable market
leaders is a great honor for us," stated Arkadiy Dobkin, EPAM CEO and
President. "Our clients' recognition reflected in the survey results
attests to EPAM's strong capabilities to deliver optimal business
value that extends beyond the cost-saving benefits associated with IT
outsourcing from Russia and other locations in Central and Eastern
Europe."

About Brown-Wilson Group and The Black Book of Outsourcing

The Brown & Wilson Group has established the reputation of being
the world's leading offshoring advisory, and the producer of the
trusted annual ranking of the Top 50 "Best Managed" Global Outsourcing
Vendors.

The Black Book of Outsourcing 2007 survey was distributed
electronically to customers, employees, buyers, contractors and users
worldwide in early 2007. The respondents answered 26 questions on
leadership impact, influence, management performance, client
satisfaction, employee satisfaction and organizational excellence
amongst IT outsourcing and BPO companies. Additionally, the surveyed
expressed their views on innovation, growth, internal management
practices and global results.

www.brown-wilson.com

www.theblackbookofoutsourcing.com

About EPAM Systems

Founded in 1993, EPAM Systems is independently recognized as a
global service provider that demonstrates leadership, innovation and
outstanding performance in software development outsourcing. In 2006
EPAM was selected No.1 of "Top 10 ITO Offshore: Eastern/Central
Europe" and No.3 of the global "Top 10 ITO: Specialty Application
Development" within the "Top 50 Best Managed Outsourcing Vendors"
study. In April 2007, EPAM was rated the top Eastern European ITO
service provider within "The 2007 Global Outsourcing 100" and included
in the Leaders category as the only regional IT outsourcer.

The company possesses the largest resource pool in Central and
Eastern Europe and boasts the strongest onsite presence in the US and
EU: its offshore software development centers located across Russia,
Hungary, Belarus, and Ukraine work in synergy with the client facing
support and delivery operations in US, UK and Germany.

EPAM's customer base includes industry leaders such as Reuters,
London Stock Exchange, Colgate-Palmolive, British Telecom, William
Hill, Empire and CareFirst BlueCross BlueShield, Schlumberger and
Halliburton and technology leaders such as SAP, BEA Systems,
Microsoft, and Hyperion.

www.epam.com