NEW YORK & MUMBAI, India--(BUSINESS WIRE)--Sept. 10, 2007--WNS
(Holdings) Limited (NYSE: WNS), a leading provider of offshore
business process outsourcing (BPO) services, announced today that it
has entered into a letter agreement with AVIVA, a major client,
amending the terms of exercise of AVIVA's option to require WNS to
transfer the relevant project and operations of its facility at Pune,
India, to AVIVA provided in its contract with AVIVA. Pursuant to the
amendment letter, the earliest date of exercise of the call option has
been extended from October 1, 2007 to January 1, 2008. Accordingly, if
the option to transfer the Pune facility is exercised, the earliest
date WNS would be required to transfer the Pune facility to AVIVA
would be April 2, 2008.
For the quarter ended June 2007, the AVIVA facility at Pune
accounted for 4.76% of WNS' revenue and 7.68% of WNS' revenue less
repair payments.
About WNS
WNS is a leading provider of offshore business process
outsourcing, or BPO, services. We provide comprehensive data, voice
and analytical services that are underpinned by our expertise in our
target industry sectors. We transfer the execution of the business
processes of our clients, which are typically companies located in
Europe and North America, to our delivery centers located primarily in
India. We provide high-quality execution of client processes, monitor
these processes against multiple performance metrics, and seek to
improve them on an ongoing basis.
WNS ADSs are listed on the New York Stock Exchange. For more
information, please visit our website at www.wnsgs.com
Safe Harbor Statement under the provisions of the United States
Private Securities Litigation Reform Act of 1995
This release contains "forward-looking statements" that are based
on our current expectations, assumptions, estimates and projections
about our company and our industry. The forward-looking statements are
subject to various risks and uncertainties. Those statements include
estimates of the benefits of the proposed acquisition and future plans
of the company. We caution you that reliance on any forward-looking
statement involves risks and uncertainties, and that although we
believe that the assumptions on which our forward-looking statements
are based are reasonable, any of those assumptions could prove to be
inaccurate, and, as a result, the forward-looking statements based on
those assumptions could be materially incorrect. These factors include
but are not limited to: technological innovation; telecommunications
or technology disruptions; future regulatory actions and conditions in
our operating areas; our dependence on a limited number of clients in
a limited number of industries; our ability to attract and retain
clients; our ability to expand our business or effectively manage
growth; our ability to hire and retain enough sufficiently trained
employees to support our operations; negative public reaction in the
U.S. or the U.K. to offshore outsourcing; regulatory, legislative and
judicial developments; increasing competition in the business process
outsourcing industry; political or economic instability in India, Sri
Lanka and Jersey; worldwide economic and business conditions; our
ability to successfully consummate strategic acquisitions; and other
risks described from time to time in our SEC filings, including our
annual report on Form 20-F for our fiscal year ended March 31, 2007
filed on June 26, 2007, as amended.
CONTACT: Investors:
WNS (Holdings) Limited
Jay Venkateswaran, 212-599-6960
Senior VP -- Investor Relations
ir@wnsgs.com
or
Media:
Gutenberg Communications
Mike Sherrill, 212-239-8741
msherrill@gutenbergpr.com
SOURCE: WNS (Holdings) Limited