X0202 4 2007-07-05 0 0001297989 ExlService Holdings, Inc. EXLS 0001371503 TYAGI SANDEEP 350 PARK AVENUE NEW YORK NY 10022 0 1 0 0 VP, Head of Knowledge Services Common Stock, par value $0.001 per share 2007-07-05 4 S 0 500 17.84 D 782834 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 17.86 D 782734 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 180 17.87 D 782554 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 17.88 D 782454 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 17.90 D 782354 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 17.91 D 782254 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 17.92 D 782154 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 17.95 D 782054 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 300 17.96 D 781754 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 17.99 D 781654 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 18.00 D 781554 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 18.01 D 781454 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 300 18.02 D 781154 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 200 18.05 D 780954 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 1326 18.07 D 779628 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 680 18.08 D 778948 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 800 18.09 D 778148 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 680 18.10 D 778468 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 316 18.11 D 777152 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 400 18.12 D 776752 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 684 18.13 D 776068 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 600 18.14 D 775468 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 18.15 D 775368 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 18.16 D 775268 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 200 18.18 D 775068 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 200 18.19 D 774868 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 300 18.20 D 774568 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 33 18.21 D 774535 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 100 18.22 D 774435 D Common Stock, par value $0.001 per share 2007-07-05 4 S 0 667 18.23 D 773768 D This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person. Mr. Oseni is the Company's Head of Administration and Accounts. Form 1 of 2 Form 4's /s/ Lazbart Oseni, Attorney-in-Fact 2007-07-09