India Outsourcing Services PLC 28 September 2005 28 September 2005 India Outsourcing Services plc ("India Outsourcing" or "the Company") 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 £250,000 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 Mark Court This information is provided by RNS The company news service from the London Stock Exchange