Notifiable Interest

7 February 2008

India Outsourcing Services PLC ("the Company")

Notifiable Interest

A form TR-1 containing the following information has been received by the Company.

TR-1 notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

India Outsourcing Services PLC

2. Reason for the notification

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

Credit Agricole Cheuvreux International Ltd

4. Full name of shareholder(s) (if different from 3):

As above

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

04/02/08

6. Date on which issuer notified:

06/02/2008

7. Threshold(s) that is/are crossed or reached:

11%

8. Notified details:

A: Voting rights attached to shares

Class/Type of shares	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	No of Shares	No of Voting Rights	No of Shares	No of voting rights		% of Voting Rights
					Indirect	Direct	Indirect
GB00B0YTNL47	870,750	870,750	1,086,480	1,086,480		11.46%

B: Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/conversion period/date	No of voting rights that may be acquired (if the instrument exercised/converted)	% of voting rights
N/A	N/A	N/A	N/A	N/A

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

SAS Rue La Bo�tie

Cr�dit Agricole SA

Calyon SA

CAAM

Cr�dit Agricole Cheuvreux SA 1,086,480 11.46%

10. Name of the Proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Gabrielle Burne

15. Contact telephone number:

+00 44 207 214 6037