CIO Review Lists EPAM among 20 Most Promising Solution Providers in Travel & Hospitality 2014

Newtown, PA - June 30, 2014 - EPAM Systems, Inc. (NYSE:EPAM), a leading provider of product development and software engineering solutions known for its award-winning Central and Eastern European global delivery platform, has entered the list of 20 most promising solution providers in Travel & Hospitality 2014, published by CIO Review magazine in its special edition. The selection was based on EPAM's deep industry-specific expertise in technologies that innovatively enhance "Guest Experience" and streamline operations. EPAM is the only product development services provider on the list, where it is featured along with such market-leaders as Lufthansa Systems, Travelport, and DerbySoft.

EPAM is acknowledged for full-range capabilities, high quality of CRM, loyalty, and customer engagement solutions, as well as for its focus on systems that personalize the omni-channel space that includes both digital and physical. "From a digital standpoint, it is the idea of creating highly personalized channel independence; building opportunities across mobile, web, property, and development of distribution products that work for travel companies," said Elaina Shekhter, EPAM's Global Head of Travel and Consumer Industry Business Unit, in the featured article.

The June 2014 edition of CIO Review Travel and Hospitality Technology Special is available online.

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About EPAM Systems

Established in 1993, EPAM Systems, Inc. (NYSE: EPAM) is recognized as a leader in software product development by independent research agencies. Headquartered in the United States, EPAM employs over 9,800 IT professionals and serves clients worldwide utilizing its award-winning Central and Eastern European global delivery platform and its locations in 17 countries across 4 continents. In 2013, EPAM was ranked by Forbes as #6 among America's 25 Fastest-Growing Tech Companies and #2 on the list of America's Best Small Companies: 20 Fast-Growing Tech Stars.

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.

Media Contact:

EPAM Systems, Inc.
Alex Lyashok, Head of Global Operations
Phone: +1-267-759-9000 x56669
Email: prinquiry@epam.com

Investor Relations:

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