3i Infotech to Exhibit PREMIA Insurance System at IASA 2006 Conference; PREMIA suite of insurance solutions showcased at Booth # 1031

EDISON, N.J.--June 5, 2006--3i Infotech (www.3i-infotech.com), a global provider of information technology solutions, will showcase its PREMIA integrated insurance management system for the third consecutive year at IASA 2006. Held in the Hynes Convention Center in Boston, Massachusetts on June 4-7, 2006, IASA is the insurance industry's largest and most comprehensive business and technology conference.

Providing a robust and customizable architecture, the PREMIA insurance management solutions focus on personal, commercial & specialty lines. By offering pre-configured, scalable solutions to help insurance carriers more effectively manage information flow across internal operations, 3i Infotech continues to help companies drive productivity and lower costs.

This year at IASA, 3i Infotech will showcase the PREMIA suite of solutions for the insurance industry including PREMIA Property & Casualty, PREMIA Health and PREMIA Collaborator. Visitors to the booth at IASA will get a first-hand look at how the PREMIA solution manages all aspects of policy administration, billing, claims, reinsurance, general ledger accounting and MIS Reporting within a single integrated system. Visitors will also see the benefits from the built-in Product Configurator, which offers users the ability to make quick modifications to the solution based on market dynamics.

"One of the biggest challenges faced by insurance companies today is dealing with multiple vendors and varied technology platforms. PREMIA is a one-stop solution that is capable of effectively handling all the operations of an Insurance organization," said Vivek Sethia, Vice President - Insurance, 3i Infotech Inc."

For additional information on IASA 2006, please visit: http://www.3i-infotech.com/us/events/iasa2006.aspx

About 3i Infotech Inc

3i Infotech (www.3i-infotech.com) provides information technology solutions through its range of solutions for insurance, capital market, banking & finance, manufacturing, retail & distribution, and e-Governance. It is one of India's top 5 software product companies and the fastest growing Indian software product company in FY 2004-2005, with respect to both domestic as well as overseas software product sales(1). The company is SEI CMM Level 5 compliant for its software business and ISO 9001:2000-certified for its Infrastructure Services and Business Process Outsourcing Operations.

Using its domain knowledge and through continuous investment in technologies, 3i Infotech helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, system integration services, IT infrastructure and disaster recovery solutions. 3i Infotech serves customers in 45 countries has a presence across 5 continents.

(1) Source: Dataquest Special Issue: Industry Overview (July 15, 2005)

Disclaimer: Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.