WNS INC. (CDNX-WNS)
NEWS RELEASE
For Immediate Release: July 20, 2001
Calgary, Alberta

WNS EXECUTES FACILITY LETTER FOR
$2,500,000 WITH HSBC

WNS INC. (CDNX: WNS) ("WNS" or the "Corporation") is pleased to announce that it has executed an agreement with HSBC Bank Canada (“HSBC”) whereby HSBC will furnish a $2,000,000 operating line of credit and $500,000 term debt to WNS.

The facility will be used in part to finance the acquisition of Imaging Solutions Ltd. as announced in the press release dated July 3, 2001, and for working capital purposes.

“WNS’s new banking facility is indicative of its continued operational stability,” said Alykhan Mamdani, CFO of WNS.

“We are pleased to provide this financing to assist WNS in meeting its growth objectives,” said a representative of HSBC.

For further information please contact:

Mr. Alykhan Mamdani
Chief Financial Officer and Director of the Corporation
E-mail: alykhan@wns.com
Tel: (403) 265-9322

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.