WNS EMERGENT INC. (CDNX-WNS)
NEWS RELEASE
For Immediate Release: January 24, 2003
Calgary, Alberta

WNS ANNOUNCES STOCK OPTION GRANTS.

Calgary, January 23 - WNS Emergent Inc. (“WNS” or the “Company”) announces the grant of a total of 3,012,500 stock options to employees, officers and directors of the Company. Included in this grant is 75,000 stock options to each non-management board member, 700,000 stock options to George Watson, President and CEO and 500,000 stock options to Alykhan Mamdani, CFO. Currently, neither the Board, Mr. Watson or Mr. Mamdani draw cash compensation for their services to the Company. The exercise price of the stock options is $0.10.

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 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

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