X0306 4 2017-03-13 0 0001297989 ExlService Holdings, Inc. EXLS 0001465521 Chhibbar Vishal 280 PARK AVENUE NEW YORK NY 10017 0 1 0 0 EVP & CFO Common Stock, par value $0.001 per share 2017-03-13 4 M 0 2050 24.77 A 18296 D Common Stock, par value $0.001 per share 2017-03-13 4 S 0 2271 45.41 D 16025 D Employee Stock Options (right to buy) 24.77 2017-03-13 4 M 0 2050 0 D 2022-02-07 Common Stock, par value $0.001 per share 2050 0 D On March 13, 2017 the reporting person exercised previously issued options to purchase an aggregate of 2,050 shares of common stock of ExlService Holdings, Inc. This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person. This transaction was executed in multiple trades at prices ranging from $45.40 to $45.43 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. On February 7, 2012, the reporting person was granted 11,050 stock options. 10 percent of these options became vested and exercisable on February 7, 2013, an additional 20 percent became vested and exercisable on February 7, 2014, an additional 30 percent became vested and exercisable on February 7, 2015, and the balance of 40 percent became vested and exercisable on February 7, 2016. Ms. Saltzman is an Executive Vice President of the Company and the Company's General Counsel and Corporate Secretary. /s/ Nancy Saltzman, Attorney-in-Fact 2017-03-15