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Goa, 19th June 2003 : Diebold Incorporated (NYSE : DBD) - a global leader of integrated financial self-service systems and services, today announced its plans for making India a key manufacturing operation for South Asia. This was announced by Walden W. O'Dell, chairman, president and CEO of Diebold Incorporated, during the inauguration function of the new state-of-the-art automated teller machine (ATM) manufacturing facility of Tata Infotech Ltd. in Mapusa, Goa.

Diebold and Tata Infotech have entered into a contract-manufacturing agreement under which Tata Infotech will manufacture Diebold ATMs in India for distribution in India and south/southeast Asia. The ATMs are part of the standard Diebold product offering and will be built according to Diebold's global design and quality specifications. Many of India's public and private sector banks use ATMs manufactured by Diebold.

The 33,000 sq.ft. facility will be equipped with ultra modern manufacturing, testing, SMT (Surface Mount Technology) assembly equipment in order to supply Diebold ATMs and cash dispensers of world-class standard.

Speaking on the occasion, Walden W. O'Dell, Chairman, President and CEO of Diebold Incorporated said, "The Indian market will continue to grow and we plan to commit additional resources to service the market for our customers. Our relationship with Tata Infotech's will allow Diebold to get closer to our customers so we can better understand their challenges and provide them with local, tailored solutions."

The inauguration was followed by a tour of Tata Infotech's existing manufacturing facility, which is manufacturing high-precision electro-mechanical products for international customers.

Said Mr. J. D. Sharma, sr. vice president, Tata Infotech Manufacturing: "This facility will supply world-class ATMs to Diebold and help shorten the delivery period and after-sales support for Indian customers. This relationship between Diebold and Tata will go a long way in servicing customers."

About Diebold:

As part of its increased focus in the Indian subcontinent, Diebold had finalized the deal to acquire the remaining 50 percent of equity of Diebold HMA Private Ltd. on 29th May, 2003. Headquartered in Chennai, Diebold is now present in India as a 100 percent subsidiary of Diebold, Incorporated.

Diebold, Incorporated is a global leader in providing integrated, self-service delivery systems and services. Diebold employs more than 13,000 associates with representation in more than 88 countries worldwide and is headquartered in North Canton, Ohio, USA. Diebold reported revenue of $1.9 billion in 2002 and is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's Web site at www.diebold.com.

About Tata Infotech:

Tata Infotech Limited , a leading IT company is part of the multi-billion dollar Tata Group, India's most trusted business group. Tata Infotech provides customers worldwide with innovative system integration offerings integrating hardware, software solutions and services in the IT and telecom sectors.

Tata Infotech's existing manufacturing facility located in Goa extends over an area of 28,000 sq. feet.It is well equipped with a state-of-the-art surface mount and through-the-hole assembly line alongwith production and inspection equipment to undertake prototyping and production. It has a full fledged design and development laboratory for embedded systems and is staffed by qualified hardware and software engineers.

All products are manufactured to international specifications and certifications, and are subjected to rigorous quality control. Quality System and Processes have been certified for ISO9001:2000 and many products manufactured are certified under UL/CSA/TuV. Tata Infotech has won several national export and quality awards over last many years.

For further information please contact :

Diebold Contact
Media contact: Investor contact:
Joseph Richardson Michelle Griggy
+ 1 330 490 5562 + 1 330 490 3773
[email protected] [email protected]

Tata Infotech Contact:
Mr. J.D.Sharma
Sr. Vice President -Manufacturing (Mumbai)

Mr. K. Ravichandran
General Manager-Manufacturing (Goa)