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Oak Hill Capital Partners, L.P. and
Oak Hill Capital Management Partners, L.P. (collectively, the "Oak Hill
Partnerships") informed ExlService Holdings, Inc. (the "Company") that each
Oak Hill Partnership distributed all of its remaining equity interest in the
Company to its partners, or 5,542,504 shares of common stock of the Company in
the aggregate (the "Distribution"). The Oak Hill Partnerships further advised
the Company that certain of their partners who are unaffiliated with the
Company and the general partner of the Oak Hill Partnerships, sold 2,115,470
of the shares of EXL common stock received in the Distribution in a block
trade. The partners who hold the remaining 3,427,034 shares of EXL common
stock received in the Distribution (including all of the partners who are
affiliated with the general partner of the Oak Hill Partnerships) have elected
to not participate in a sale at this time and will hold the shares for at
least 45 days following the date of the Distribution.
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