Infosys statement on settlement with CA Attorney General

Infosys' agreement concludes the California Attorney General's investigation into allegations related to the payment of state payroll taxes for some employees traveling on B-1 visas dating back to 2006. The agreementwhich notes that Infosys strongly disputes the allegations and in which Infosys admits no wrongdoingwill result in the case being dismissed with prejudice and was reached to avoid the time, expense, and distraction of protracted litigation on allegations dating back more than 13 years. Infosys maintains robust policies and procedures to ensure adherence with all applicable regulations and laws.

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