WNS Announcement on First Magnus



    MUMBAI, INDIA & NEW YORK, August 16 /CNW/ - WNS (Holdings) Limited (NYSE:  
WNS), a leading provider of offshore business process outsourcing (BPO)
services announced today that following its earnings call earlier today it was
verbally advised by First Magnus Financial Corporation, one of its customers
in the mortgage business, that they expect to stop substantially all work WNS
does for them. First Magnus was expected to account for approximately 5% of
WNS's revenue less repair payments for the period between 1 July 2007 and 31
March 2008. WNS expects that this event will have a material adverse impact on
its financial performance and the guidance it had issued earlier today. WNS is
in the process of evaluating the impact of these events in detail and will
release revised guidance as soon as possible.

    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.

    Our 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 news release contains forward-looking statements, as defined in the
safe harbor provisions of the U.S. Private Securities Litigation Reform Act of
1995. These statements involve a number of risks, uncertainties and other
factors that could cause actual results to differ materially from those that
may be projected by these forward looking statements. These risks and
uncertainties include but are not limited to a slowdown in the U.S. and Indian
economies and in the sectors in which our clients are based, a slowdown in the
BPO and IT sectors world-wide, competition, the success or failure of our past
and future acquisitions, attracting, recruiting and retaining highly skilled
employees, technology, legal and regulatory policy as well as other risks
detailed in our reports filed with the U.S. Securities and Exchange
Commission. These filings are available at www.sec.gov. We may, from time to
time, make additional written and oral forward-looking statements, including
statements contained in our filings with the Securities and Exchange
Commission and our reports to shareholders. You are cautioned not to place
undue reliance on these forward-looking statements, which reflect management's
current analysis of future events. We undertake no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.




For further information:

For further information: Investors WNS (Holdings) Limited Jay
Venkateswaran, +1-212-599-6960 Senior VP -- Investor Relations ir@wnsgs.com or
Media The Torrenzano Group Al Bellenchia, +1-212-681-1700 ext. 156
abellenchia@torrenzano.com

Organization Profile

WNS (HOLDINGS) LIMITED

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