Combined Enterprise with over USD 481 Million in Revenues, Merger creates Economies of Scale across Key Verticals.

HOV Services Limited, an end-to-end global BPO and services company, has announced that an agreement has been entered into

to combine its indirect subsidiary HOV Services LLC with SOURCECORP.

Shareholders of HOV Services and SOURCECORP will each control 50% of the combined entity, i.e. SCH Services, Inc., a Delaware corporation, incorporated under the laws of US (“SCH Services”). The transaction is expected to be completed in the next 45-60 days subject to regulatory approvals under laws of US and customary closing conditions.

Transaction Highlights:

• Strong global management team

• Combined headcount of approximately 14,200 globally on February, 2011

• Marquee customers – more than 50% of the Fortune 100®

• High visibility and large recurring revenue stream

• Deep domain expertise in several industries

• Increased access to global customers with an extensive global footprint

• Significant operating leverage, scalable operating platforms with new revenue growth

opportunities

Commenting on the merger, Suresh Yannamani, President of HOV Services, said "This merger is abouttwo strong companies coming together to create a sustainable platform for value creation and

growth. In joining forces, this merger creates an entity positioned to be a global provider of business process solutions and consultancy services in the industry."

He added, "The combined entity is globally positioned, active on four continents. Its enhanced platforms will enable us to collectively better service the needs of our customers and provide them with additional expertise in Healthcare, Insurance, Banking, Automotive, Retail, Government and Publishing verticals. We are very excited about this combination and look forward to working with Ed Bowman and the entire SOURCECORP team in partnership as one.”