EPAM SYSTEMS CHAIRMAN & CEO ARKADIY DOBKIN
NAMED ERNST & YOUNG ENTREPRENEUR OF THE
YEAR® 2008 AWARD WINNER IN NEW JERSEY
Award recognizes entrepreneurial excellence in Information Technology
Consulting category

News Release, EPAM Systems, Inc.
Lawrenceville, NJ, Tuesday, July 1, 2008

LAWRENCEVILLE, New Jersey - EPAM Systems, Inc., the leading
software engineering and IT Outsourcing (ITO) provider with delivery
centers in Central and Eastern Europe (CEE), announced today that
Arkadiy Dobkin, EPAM Founder, Chairman and CEO, has been named
winner of the Entrepreneur Of The Year®2008 award in New Jersey,
Information Technology Consulting category, organized by Ernst &
Young, a global leader in assurance, tax, transaction and advisory services.

[EPAM Systems and Ernst & Young are members of the U.S.-Ukraine
Business Council (USUBC) in Washington, D.C.]

According to Ernst & Young, the awards are given to entrepreneurs who
demonstrate extraordinary success in the areas of innovation, financial
performance and personal commitment to their businesses and communities.

The awards nominees were evaluated by independent regional panels of
judges who assessed contenders for each designated category by the
following criteria: vision, leadership, achievement, and social
responsibility reflected in the revenue growth, innovation, risk-taking, and
personal commitment to the business and the community.

An immigrant to the US, in 1993 Arkadiy Dobkin formed EPAM, which
became one of the first outsourcing companies to leverage the talented pool
of Eastern European engineers. Under his supervision EPAM grew into a
strong multicultural team of best-in-class IT professionals referenced by
company's Fortune 500 global clients, industry professionals, and media.

By 2006, Consulting Magazine named Arkadiy Dobkin one of the Top 25
Consultants of the Year. In 2007 Dobkin was shortlisted as a top three
finalist of the Ernst & Young NJ awards program together with the founders
of Cognizant Technology Solutions and Artech Information System.

In the victorious 2008, Arkadiy Dobkin was nominated for the awards in the
Information Technology Services category by a global technology leader SAP,
one of EPAM's partners and customers with an eleven-year successful
partnership record.

"Ernst & Young is pleased to honor outstanding business leaders such as
Arkadiy Dobkin," said Keith Brownlie, Ernst & Young Entrepreneur Of The
Year Program Director for New Jersey. "Winners of the Entrepreneur of The
Year award build leading businesses and contribute a great deal to the
communities around them. Their success helps our area grow stronger."

"I would like to thank EPAM co-founders, veterans, and all employees for
their hard work and commitment to our common goal. This success can be
attributed literally to everybody in the company, in North America and
Europe, and I am happy and proud to be a part of this innovative and
dedicated team," noted Arkadiy Dobkin, EPAM Chairman and CEO.

As a New Jersey award winner, Arkadiy Dobkin is now eligible for
consideration for the Ernst & Young Entrepreneur of The Year 2008
national program.

Award winners in several national categories, as well as the overall
national Ernst & Young Entrepreneur Of The Year award winner, will be
announced at the annual awards gala in Palm Springs, California on
November 15, 2008.

The awards are the culminating event of the Ernst & Young Strategic Growth
Forum, the nation's most prestigious gathering of high-growth, market-
leading companies.

ABOUT EPAM SYSTEMS

Established in 1993, EPAM Systems, Inc. is the leading global software
engineering and IT consulting provider with delivery centers throughout
Central and Eastern Europe (CEE).

Headquartered in the United States and serving clients worldwide, EPAM
provides software development and IT related services through its 4,000
professionals deployed across client delivery centers in Russia, Belarus,
Hungary, and Ukraine.

EPAM's core competencies include complex software product engineering
for leading global software and technology vendors, as well as development,
testing, maintenance, and support of mission critical business applications
and vertically oriented IT consulting services for global Fortune 2000
corporations.

EPAM is ranked among the top companies in IAOP's "The 2008 Global
Outsourcing 100" and in "2007 Top 50 Best Managed Outsourcing Vendors"
by Brown-Wilson Group's Black Book of Outsourcing. Global Services
Magazine recognized EPAM in its "2008 Global Services 100" list as No.1
company in the "Emerging European Markets" and included EPAM into the
global Top 10 "Best Performing IT Services Providers".

For more information on EPAM Systems, Inc., please visit www.epam.com.

ABOUT ERNST & YOUNG ENTREPRENEUR OF THE YEAR AWARDS

Ernst & Young's Entrepreneur Of The Year is the world's most prestigious
business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement.

As the first and only truly global award of its kind, Ernst & Young
Entrepreneur Of The Year celebrates those who are building and leading
successful, growing and dynamic businesses, recognizing them through
regional, national and global awards programs in more than 135 cities in 50
countries.

ABOUT ERNST & YOUNG

Ernst & Young is a global leader in assurance, tax, transaction and advisory
services. Worldwide, our 130,000 people are united by our shared values and
an unwavering commitment to quality. We make a difference by helping our
people, our clients and our wider communities achieve potential. For more
information, please visit www.ey.com.

Ernst & Young refers to the global organization of member firms of Ernst &
Young Global Limited, each of which is a separate legal entity. Ernst &
Young Global Limited, a UK company limited by guarantee, does not provide
services to clients.
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CONTACT: Alena Busko, Marketing Manager
EPAM Systems, Delivering Excellence in Software Engineering
Office phone: +1 (609) 613-4031, ext. 50474
E-mail: press@epam.com, http://www.epam.com