Rediff.com India Limited Schedules Fourth Quarter and Fiscal Year Ended Earnings Results Conference Call For May 16, 2006

Mumbai, Maharashtra, India , 2006-05-08

Rediff.com India Limited (Nasdaq: REDF), one of the leading worldwide online provider of news, information, communication, entertainment, mobile and shopping services for Indians, will release its results for the Fourth Quarter and Fiscal Year ended March 31, 2006, at 8.00 am ET (5:00 am Pacific Time / 5:30 pm India Time) on Tuesday, May 16, 2006.

In conjunction with this release, Rediff.com will host a conference call. Ajit Balakrishnan, Chairman and Chief Executive Officer and Joy Basu, Chief Financial Officer will host the call at 8.30 am ET (5:30 am Pacific Time / 6:00 pm India Time), May 16, 2006 soon after declaring the Fourth Quarter and Fiscal Year results.

To participate, please call at least ten minutes in advance of the presentation.

U.S./Canada Participants: +877 209 0463/ Password: Rediff
U.K. Participants: +800 917 4860/ Password: Rediff
Singapore Participants: 800 101 1350/ Password: Rediff
International Participants: +1-706 643 0243/ Password: Rediff
India Participants: +91-22-2781 2277/ Password: Rediff

A question-and-answer session will follow management’s presentation. Please confirm your participation to Ajay Menon at [email protected] as soon as possible.

Safe Harbor
Except for historical information and discussions contained herein, statements included in this release may constitute “forward-looking statements.” These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward looking statements. These risks and uncertainties include but are not limited to the slowdown in the economies worldwide and in the sectors in which our clients are based, the slowdown in the Internet and IT sectors world-wide, competition, success of our past and future acquisitions, attracting, recruiting and retaining highly skilled employees, technology, legal and regulatory policies, managing risks associated with customer products, the wide spread acceptance of the Internet as well as other risks detailed in the reports filed by Rediff.com India Limited with the U.S. Securities and Exchange Commission. Rediff.com India Limited and its subsidiaries 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. Rediff.com India Limited does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.


Contact

Ajay Menon, Rediff.com India Ltd, +91(022) 24449144 (Extn.: 362)
[email protected]