Notifiable Interest

India Outsourcing Services PLC
09 January 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):

Credit Agricole Cheuvreux International Ltd

CAAM

Calyon

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

04/01/2008

6. Date on which issuer notified:

08/01/2008

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

Holding after transaction went through percentage threshold

8. Notified details:

A: Voting rights attached to shares
Class/type of      Situation previous to Resulting situation after the triggering transaction
shares             Triggering
                   transaction           Notification required under DTR transitional provision 7
if possible using
ISIN CODE
                   Number of  Number of  Number of  Number of voting rights % of voting rights
                   Shares     Voting     shares
                              Rights
                                         Direct     Direct     Indirect     Direct     Indirect
GB00B0YTNL47       N/A        N/A        870,750    870,750    N/A          9.18%      N/A

B: Financial Instruments
Resulting situation after the triggering transaction


Type of financial Expiration date     Exercise/           Number of voting       % of voting rights
instrument                            Conversion Period/  rights that may be
                                      Date                acquired if the
                                                          instrument is
                                                          exercised/ converted
N/A               N/A                 N/A                 N/A                    N/A

Total (A+B)
Number of voting rights                              % of voting rights
870,750                                              9.18%



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

SAS Rue La Boetie

Credit Agricole SA

Calyon SA

CAAM

Credit Agricole Cheuvreux SA    870,750    9.18%

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




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