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WNS and CIMA partner with the Bucharest University of Economics

Thursday, September 18, 2008
Program aims to further excellence in finance and accounting skills

BUCHAREST, September 18, 2008 - WNS (Holdings) Limited (NYSE:WNS), a leading provider of global business process outsourcing (BPO) services, and the Chartered Institute of Management Accountants (CIMA), the only international accountancy body with a sole focus on business, today announced a partnership with the Bucharest University of Economics (ASE), a premier Romanian institution of higher education. In a move to promote excellence in financial management, CIMA has granted accreditation to the University’s two-year master’s degree in Accounting and Financial Techniques for Business Management (TECOFIG). This is the first accreditation CIMA has granted in Romania and recognizes the degree’s comprehensive grounding in management accounting. WNS will contribute business case studies from its operations and lectures given by its senior managers in order to provide insights into the rapidly growing BPO services industry. WNS will also offer scholarships and internships to TECOFIG students and the opportunity for graduates to join the company once they have successfully completed the program.

TECOFIG graduates can choose an accelerated route to the CIMA qualification through exemptions from five of the Institute’s papers. Additionally, ASE will develop a new post graduate diploma which covers accounting content from the CIMA Certificate in Business Accounting. This program will be accessible to graduates of all disciplines who want to build a career in accounting and finance.

“WNS sees immense potential for growth and scale in Romania. We are committed to developing talent locally and are pleased to announce this three-way partnership with ASE and CIMA,” said Akos Csernus, Head of Romanian Operations for WNS. “This initiative will provide an excellent education program for Romanian students seeking to pursue careers in management accounting and financial analytics.”

Eastern Europe provides a strong combination of language skills and talent, and has emerged as a major provider of BPO services. BPO exports from the region total US $1 billion and employ approximately 30,000 FTEs. Finance and accounting (F&A) is the primary BPO service in the region, including processes ranging from transaction processing to high end analytics.

“WNS is committed to nurturing leaders, and through our strategic relationship with CIMA, we ensure our employees gain internationally recognized training,” said Neeraj Bhargava, Group Chief Executive Officer. “As the first BPO provider to forge a strategic relationship with CIMA, we endeavor to educate, train and qualify world class professionals in order to provide high value services to our clients.”

“Operating in over 161 countries, CIMA provides a global qualification certificate recognized by leading organizations around the world,” said Ray Perry, Director of Brand, CIMA. “CIMA values its strong relationships with global commercial organizations such as WNS and is delighted to partner with leading institutions such as the Bucharest University of Economics.”

WNS launched its Bucharest delivery center in January of this year. The WNS facility serves as a nearshore delivery centre for global clients with European operations. The center provides multi-lingual services, focused on delivering finance and accounting and customer care services in French, German, Italian and Spanish.

About WNS

WNS is a leading global business process outsourcing company. Deep industry and business process knowledge, a partnership approach, comprehensive service offering and a proven track record enables WNS to deliver business value to some of the leading companies in the world. WNS is passionate about building a market-leading company valued by our clients, employees, business partners, investors and communities. For more information, visit www.wnsgs.com.

About CIMA

CIMA (the Chartered Institute of Management Accountants) is a world leading professional institute that offers an internationally recognized qualification in management accountancy, focusing on accounting in business in both the private and public sectors. It is the voice of 164,000 students and members in 161 countries. CIMA is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy. For more information about CIMA, please visit www.cimaglobal.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 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 US or the UK 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, including a slowdown in the U.S. and Indian economies and in the sectors in which our clients are based and a slowdown in the BPO and IT sectors world-wide; our ability to successfully consummate strategic acquisitions, 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.

1. According to a TBR report on BPO Delivery from Eastern Europe published on June 17th 2008

Contact:
Romania:
Gabriela Chiorean - Mmd
T: +40 21 335 5570/71
M: +40 747 118 513
gabriela.chiorean@mmdcee.com

UK:
Shalini Siromani
Gutenberg Communications
+44 203 008 5231
shalini@gutenbergpr.com