Placing for Cash

Placing for Cash
 
The Board of India Outsourcing announces that the Company has placed 3,125,000 new Ordinary Shares of 1p each, representing 17.24% of the total shares in issue, with Wheddon Limited at a price of 8p per Ordinary Share to raise GBP250,000 before costs.
 
Application has been made for the new Ordinary Shares, which will rank pari passu with existing shares in issue, to be admitted to trading on AIM, and admission is expected to become effective on 30 September 2005. 
 
For further information:
 
India Outsourcing Services plc                      
Tel: 020 7070 7241
Amit Pau, Chief Executive
Haresh Kanabar, Chairman
 
Panmure Gordon & Co                                 
Tel: 020 7459 3600
Jonathan Retter
Katherine Roe
 
Buchanan Communications                             
Tel: 020 7466 5000