Sify Technologies Ltd. Announces Plan to Implement ADS Ratio Change Page 1

CHENNAI, India, Sept. 18, 2024 (GLOBE NEWSWIRE) — Sify Technologies Ltd. (Nasdaq: Sify) (the “Company”), a leading provider of integrated information and communications technology (ICT) solutions and services in India, today announced that it will change the ratio of its American Depositary Shares (“ADSs”) to ordinary shares from the current ratio where one (1) ADS represents one (1) ordinary share to a new ratio where one (1) ADS represents six (6) ordinary shares (the “ADS Ratio Change”). The ADS Ratio Change is expected to take effect on or about October 4, 2024 (the “Effective Date”).

For the Company’s ADS holders, the change in the ADS ratio will have the same effect as a 1:6 reverse ADS split and will have no effect on an ADS holder’s pro rata equity interest in the Company, except to the extent that the change in the ratio would have resulted in an ADS holder owning fractional ADSs. There will be no change in the Company’s common shares.