Effective as of January 8, 2013, upon the recommendation of the Nominating and Corporate Governance Committee of the Board of Directors, Richard Michael Mayoras was appointed to join the Board of EPAM Systems, Inc. as an independent director. Mr. Mayoras replaces Ross Goodhart, a director of the company, who on January 4, 2013 communicated his decision to resign from the Board effective as of January 8, 2013. Mr. Mayoras has also been appointed as a member of the Audit Committee of the Board to replace Donald Spencer in order to comply with the New York Stock Exchange Listed Company Manual independence requirements.

Mr. Spencer remains a director and member of the Board.