Holding(s) in Company

India Outsourcing Services PLC
14 May 2007

                        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

Other: Initial Disclosure

3. Full name of person(s) subject to the notification obligation:

AIM Realisation Fund Limited

4. Full name of shareholder(s) (if different from 3):

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

16/03/07

6. Date on which issuer notified:

16/03/07

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

5%

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       555,556    555,556    555,556    555,556                 5.86%

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




Total (A+B)
Number of voting rights                              % of voting rights




555,556                                              5.86%



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

10. Name of the Proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

The shares are registered in the name of Forest Nominees Limited.




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