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ICICI Limited

Command Systems to be Acquired by ICICI Infotech  - $5 Per Share Offered

MUMBAI, India and FARMINGTON, Connecticut - January 26, 2001 - ICICI Infotech
Inc., the U.S. subsidiary of ICICI Infotech Services Ltd., the information
technology subsidiary of ICICI Ltd. (NYSE: IC), and Command Systems, Inc.
(NASDAQ: CMND) announced today that they have approved and  entered into
a definitive Merger Agreement which calls for a cash tender offer of $5.00 per
share to holders of Command Systems common stock by a wholly owned subsidiary
of ICICI Infotech Inc. ("Newco").

The tender offer will commence no later than February 12, 2001 and will be for
all of Command Systems' outstanding common stock. Upon successful completion of
the tender offer pursuant to which 60% or more of the shares are tendered, the
Merger Agreement calls for a merger with Newco, subject to, among other things,
compliance with applicable law, pursuant to which the remaining shareholders
will receive cash in the same amount as paid in the tender offer. The value of
the transaction is approximately $40 million.

The Board of Directors of Command Systems has approved the merger agreement and
recommends to Command Systems shareholders that they tender their shares in the
tender offer.

"Command Systems' exposure to the financial/insurance sector and its client
base will provide an excellent platform to further the business interests of
ICICI Infotech. With the large base of technical and infrastructural resources
available with ICICI Infotech, we will be able to provide high quality support
to the existing customers of Command Systems" said Mr. V. Srinivasan, Managing
Director and CEO, ICICI Infotech Services Ltd.

Mr. Edward G. Caputo, President and CEO of Command Systems, said "The
combination of Command Systems' financial services industry expertise,
infrastructure and customer base with ICICI Infotech's significant resources
and capabilities will provide many positive benefits to our employees,
management team and most importantly, our customers. Command Systems will be
stronger, able to provide more products and services, have access to more
resources and more diverse Information Technology solutions."

The tender offer is subject to certain conditions, including the tender of at
least 60% of Command Systems' outstanding common stock. The tender offer will
expire twenty business days after it is commenced, but may be extended under
certain circumstances.

About Command Systems

Command Systems, whose main office is in Farmington, Connecticut, was founded
in 1985 and provides a wide range of information technology solutions and
services. The Command Systems' Multi-Site Integrated Solutions Strategy
provides multi-site, ISO 9001 certified application development and maintenance
services to customers, in support of evolving e-business processes and
information technology requirements, including: project management, design and
architecture, e-business development, database services, consulting and
application maintenance outsourcing. Command Systems maintains offices in New
York, Boston, Hartford, Stamford and an Offshore Technology Resource Center in
Bangalore, India.

About ICICI Infotech Services Ltd.

ICICI Infotech Services Ltd., a leading software solutions and services
provider based in India, was established in October 1993 for providing IT
services to the ICICI group of companies. From





September 1999, the Company forayed into outside markets, both domestic and
international. The Company presently focuses on software consultancy and
development with a focus on the banking and financial services industry, IT
enabled services and IT infrastructure, communications and related services.
ICICI Infotech was awarded the ISO 9001 and IQ Net certifications by Standards
Australia for its IT enabled services business. ICICI Infotech today employs
about 950 professionals, of which about 120 are employed in the United States.

This press release contains forward-looking statements with respect to
management's beliefs about the financial condition, results of operations, and
businesses of Command Systems and ICICI Infotech in the future. 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 ability of ICICI Infotech to successfully
complete the acquisition of Command Systems, integrate its operations,
implement the strategy of ICICI Infotech, the growth and expansion of Command
and ICICI Infotech, investment income, cash flow projections, the exposure to
market risks, the failure to obtain contracts to perform higher margin
services, variability of quarterly operations and financial results, the
ability to manage growth, the competitive market for technical personnel,
reliance on significant customers and rapid technological change, as well as
other risks detailed in the reports filed by ICICI Ltd., the ultimate parent
company of ICICI Infotech, and Command Systems with the Securities and Exchange
Commission. Neither ICICI nor Command Systems undertake any obligation to
update forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unexpected results.

This release is neither an offer to purchase nor a solicitation of an offer to
sell securities of Command Systems. The tender offer will be made solely by an
offer to purchase and related letter of transmittal to be disseminated upon the
commencement of the tender offer.

COMMAND SYSTEMS SHAREHOLDERS ARE STRONGLY ADVISED TO READ THE TENDER OFFER
STATEMENT AND RELATED SOLICITATION/RECOMMENDATION STATEMENT WHEN THEY BECOME
AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION WHICH SHAREHOLDERS SHOULD
UNDERSTAND BEFORE MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER. THESE
STATEMENTS WILL BE FILED BY ICICI INFOTECH AND COMMAND SYSTEMS WITH THE
SECURITIES AND EXCHANGE COMMISSION. INVESTORS MAY OBTAIN A FREE COPY OF THESE
STATEMENTS (WHEN AVAILABLE) AND OTHER DOCUMENTS FILED BY ICICI INFOTECH AND
COMMAND SYSTEMS AT THE SEC'S WEBSITE AT WWW.SEC.GOV. THESE DOCUMENTS ALSO WILL
BE MADE AVAILABLE TO ALL SHAREHOLDERS OF COMMAND SYSTEMS AT NO EXPENSE TO THEM.

For further details contact: Mr. V. Srinivasan on +91-22-4906000 or email to
srinivasan@icici.com


Janury 26, 2001

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