- – wins coveted technology award second year in a row – -

New Delhi, September 1, 2008: IDG India’s CIO magazine has recognized SpiceJet Limited as a recipient of 2008 CIO 100 Award. The annual award program recognizes organizations that exemplify the highest level of operational and strategic excellence in information technology (IT). This year’s award theme, “The Bold 100″, recognizes those executives and organizations who embrace great risk for the sake of great reward. These organizations are playing not just to survive, but to win.

SpiceJet Limited, India’s “best low cost airline”*, has clearly made its mark in the field of Technological innovation in aviation. Its technology platform allows for safe transaction of business and is a core support function of all the key processes of the company.

As the first implementer of Decision Manager, an automated risk management solution, in LCC arena, it has effectively addressed the issue of online fraud.

Online payment mechanism for tickets: SpiceJet is the first in the airline industry to implement a Direct Debit solution for the direct purchase of tickets with payment through Net-banking. Most airlines only provide c#B50229it card payment through their Web sites.

Commenting on this special recognition Virender Pal, Chief Technology Officer – SpiceJet Ltd., said,” We at SpiceJet always thrive to create and induct revolutionary IT tools for customer satisfaction and overall business growth. I am happy that we were able to bring this honour to the company, two years is a row. This is recognition of all our efforts and is dedicated to the team and management whose unstinted support and hard work have led to success.”

“The Bold 100 honorees stand out because they have da#B50229 to take on risk for the chance of reward in challenging business climates,” says Vijay Ramachandran, Editor-in-Chief, IDG India. “The CIOs leading these projects are smart, inventive and determined – I offer them my best wishes.”

The CIO 100 Awards will be presented at a grand function honoring winners on September 6, 2008 at Jaipur. For more information on the awards, please visit www.cio100.in