WNS EMERGENT INC. (CDNX-WNS)
NEWS RELEASE
For Immediate Release: November 28, 2002
Calgary, Alberta

WNS CLOSES OVER $1,000,000 IN FIRST ROUND OF PRIVATE PLACEMENT

Calgary, November 28 - WNS Emergent Inc. (“WNS” or the “Company”) is pleased to announce that it has closed an initial round of $1,085,900 of the $1,300,000 private placement previously announced in WNS’ press release of October 25, 2002. Insiders participating in the private placement are George Watson - $150,000, Alykhan Mamdani - $25,000, Softech Capital Corp. (Alykhan Mamdani) - $111,000, Suad Shlah (spouse of Zuhair Shlah) - $15,000, SNC Financial Inc. (Dennis Nerland) - $55,000, Kevin Starozik - $50,000, Agilis Corp. (Kevin Starozik) - $50,000, Maxam Developments Limited (Willard Kirkpatrick) - $51,000, RSM Investments Ltd. (Robert McKenzie) - $50,000 and Thomas Ulrich - $20,000.

Pursuant to WNS’ acquisition agreement with Agilis Corp. (“Agilis”) whereby WNS acquired Emergent Technologies, a deferred cash payment of $199,000 was to become due when WNS completed a private placement in excess of $1,000,000. WNS is pleased to advise that WNS and Agilis have agreed that Agilis will convert the $199,000 of the principal and $6,935.01 of interest into 2,059,350 shares pursuant to a settlement of debt for shares agreement.

“I am extremely pleased with the commitment shown by our shareholders and directors to our business model by participating in this round of financing. Given the fact that we are on target with our revenue and expense budgets, I am confident that we will be able to deliver on our commitment to be cash flow positive within the first calendar quarter of 2003,” said George Watson, President and CEO

WNS Emergent provides technology to clients to assist in the management of their vital information and documents. Our solutions allow our clients to Connect, Communicate and Collaborate. Our Connect solutions team consists of infrastructure specialists who handle everything from the complete outsourced management of networks to the most complex integration of wireless services. Our Communicate solutions include the design, development, implementation and support of specialized information and document management solutions using a team of experts deployed across Canada. Our Collaborate Solutions include proprietary document management technologies delivered through our ASP model enabling electronic plans rooms, management of large scale construction projects and bidding processes involving over $1Billion of procurement. For more information, please visit www.wnsemergent.com.

For further information, please contact:

Mr. George Watson
President & CEO
Tel: (403) 705-7500
Fax: (403) 705-7555
E-mail: george.watson@wnsemergent.com

or

Mr. Alykhan Mamdani
CFO
Tel: (403) 705-7500
Fax: (403) 705-7555
E-mail: alykhan@wnsemergent.com

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