WNS INC. (CDNX-WNS)
NEWS RELEASE
For Immediate Release: July 26, 2001
Calgary, Alberta

SECOND QUARTER 2001 RESULTS

WNS INC. (CDNX: WNS) ("WNS" or the "Corporation") is pleased to announce that it has surpassed its aggressive growth targets in terms of both revenue and earnings. Despite the slowdown in economic activity and the delay of new projects across many sectors in North America, WNS has achieved a 100% increase in revenues over the first quarter of 2001. Earnings before interest, taxes, depreciation or amortization (EBITDA) has increased over 1,300% in the second quarter.

“The strategic focus of WNS clearly has positioned us appropriately in the market. During the last three months our Cisco strategy has brought new business to WNS in Calgary, while our U.S. e-business projects moved into full scale development” said Daniel Worden, President and CEO of WNS.

“Management is very pleased with WNS’ performance to date. The results reflected in WNS’ financials is a clear indication of the strength of our business plan,” said Alykhan Mamdani, CFO of WNS.

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.