X0202 4 2007-05-16 1 0001297989 ExlService Holdings, Inc. EXLS 0001372164 FINANCIAL TECHNOLOGY VENTURES II, L.P. 555 CALIFORNIA STREET, SUITE 2900 SAN FRANCISCO CA 94104 0 0 1 1 See Footnote 1 Common Stock, par value $0.001 per share 2007-05-16 4 S 0 944415 21.0000 D 581107 D (1) The Reporting Person may be deemed a member of a Section 13(d) group that owns more than 10% of the Company's common stock. The Reporting Person disclaims such group membership, and this report shall not be deemed an admission that the Reporting Person is a member of Section 13(d) group for purposes of Section 16 or for any other purpose. (2) Financial Technology Ventures II (Q), L.P., By: Financial Technology Management II, LLC, its general partner. /s/ Richard N. Garman(2) 2007-05-18