Result of EGM

India Outsourcing Services plc (AIM: IOS), a company formed to capitalise on acquisition and investment opportunities primarily in the Indian business process outsourcing (BPO) market, is pleased to announce that all resolutions were passed at the Extraordinary General Meeting of the Company held earlier today.

The Placing announced on 9 February 2006, in which India Outsourcing conditionally raised £3 million before expenses from institutional and other investors, will complete upon admission of the Placing Shares, which is expected to take place at 8am on 7 March 2006.

Haresh Kanabar, India Outsourcing's Chairman, commented: 'I would like to take this opportunity to welcome the investors who joined India Outsourcing's shareholder base in the Placing. We will continue to execute our strategy and look forward to updating shareholders in due course on progress towards our first acquisition.'