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2014-04-10

EPAM Systems, Inc.: EPAM EVP Karl Robb to Retire in Early 2015 -- Expected to Remain on Board; Comments on First Quarter 2014 Results

Newtown, PA - April 10, 2014 -
EPAM Systems, Inc. (NYSE:EPAM), a leading provider of complex product
development and software engineering solutions and a leader in Central and
Eastern European IT service delivery, announced that Karl Robb, EPAM Systems'
Executive Vice President&President of EU Operations, and member of the Board
of Directors, intends to retire from his operational responsibilities for
health related reasons during the first quarter of 2015. During the course
of this year, Mr. Robb will transition away from his day-to-day
responsibilities but will remain in an advisory role until his actual
retirement. Mr. Robb will work with the Chief Executive Officer and senior
management team to ensure a smooth transition process prior to his actual
retirement. It is expected that Mr. Robb will continue to serve on the Board
of Directors of EPAM Systems.

Mr. Robb first became Executive Vice President of Global Operations and a
member of the Board of Directors of EPAM Systems in 2004 when EPAM Systems
acquired Fathom Technology, a Hungarian software development company he
co-founded in 2001.

Mr. Robb stated, "Due to health concerns I sadly need to plan my retirement
from my operational role with EPAM. I have enjoyed an immensely rewarding
professional and personal experience since joining the company. Over this
time period, EPAM has grown from a staff of 600 to over 10,000 today and
became a NYSE listed company. Many of these individuals have become not only
colleagues, but friends, and I look forward to continuing those
relationships, and contributing to the success of EPAM, as a member of the
Board."

Arkadiy Dobkin, CEO and President of EPAM Systems added, "Karl has been a very
strong leader and valuable member of the management team at EPAM for the past
decade. I am pleased that Karl has agreed to continue serving on the Board,
as his years of experience and knowledge have been invaluable to EPAM's
success."

"On a separate note, I would also like to use the opportunity to re-assure our
investment community that the events in the Ukraine have not impacted our
performance. Due to the consistent level of clients' demands we increased our
delivery headcount in the country by over 5% during the first three months of
this year and we anticipate our Q1 results to be above the high end of our
guidance for that period. We will provide a detailed update during our Q1
earnings call," concluded Mr. Dobkin.

EPAM Systems is scheduled to report first quarter results on April 30, 2014.

About EPAM Systems

Established in 1993, EPAM Systems, Inc. (NYSE: EPAM), provides complex
software engineering solutions through its award-winning Central and Eastern
European service delivery platform. Headquartered in the United States, EPAM
employs over 10,000 professionals and serves clients worldwide from its
locations in the United States, Canada, UK, Switzerland, Germany, Sweden,
Netherlands, Singapore, Belarus, Hungary, Russia, Ukraine, Kazakhstan,
Poland, Hong Kong and Australia.

EPAM is ranked by Forbes as #6 among America`s 25 Fastest-Growing Tech
Companies, and as #2 on the 2013 Forbes list of America's Best Small
Companies: 20 Fast-Growing Tech Stars and is recognized among the leaders in
software product development services by Forrester and Zinnov analysts. The
company is also included in the top 30 in IAOP's "The 2013 Global Outsourcing
100" list.

For more information, please visit www.epam.com.

Forward-Looking Statements

This press release includes statements which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, the accuracy of which are
necessarily subject to risks, uncertainties, and assumptions as to future
events that may not prove to be accurate. Factors that could cause actual
results to differ materially from those expressed or implied include general
economic conditions and the factors discussed in our most recent Annual
Report on Form 10-K and other filings with the Securities and Exchange
Commission. EPAM undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events, or otherwise, except as may be required under applicable securities
law.

Contact:
EPAM Systems, Inc.
Anthony J. Conte, Chief Financial Officer
Phone: +1-267-759-9000 x64588
Fax: +1-267-759-8989
E-Mail:investor_relations@epam.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EPAM Systems, Inc. via Globenewswire

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