AEGIS Acquires CCN GROUP (PTY) LTD.

LONDON, UNITED KINGDOM, Jul 10 (MARKET WIRE) --
Aegis Limited, a leading global business process outsourcing (BPO)
provider and part of Essar Group, one of India's largest and fastest
growing business conglomerates, today announced the acquisition of 100%
equity of CCN Group PTY Ltd., one of the largest privately owned contact
centre outsourcing company in South Africa.

CCN Group (Pty) Ltd is one of leading BPO companies of South Africa and
has been in the BPO business for last 7 years. CCN has revenues in excess
of R 150 million (USD 19 million) for FY 2008-09. Its clientele includes
both onshore and offshore customers with significant revenues from
clients located in UK. It has a capacity of 700 seats and has over 1000
employees operating out of 2 facilities.

Aparup Sengupta, Global CEO and Managing Director of Aegis Limited said,
"CCN is a strategic fit for Aegis. This combined entity will offer CCN's
clients and prospects an expanded set of solutions and services from a
broader geographic delivery platform. South Africa becomes an integral
part of our growth strategy and offers an opportunity for Aegis to
develop skills, create employment and bring in international experience
to South Africa. This is a step towards our commitment to creating 5000
jobs in South Africa over a period of time."

Lawrence Brick, CEO of CCN said "We are confident that CCN has found a
worthy parent to guide its future growth. We believe this transaction
creates a win for our customers, employees and stockholders. With this
transaction, Aegis proves its commitment to develop South Africa as a
destination for international businesses."

Sandip Sen, Global Chief Marketing Officer and Head of Sales at Aegis
said "We saw a good synergy in CCN and Aegis culture. We share a similar
passion to deliver high quality services and are delighted to integrate
CCN with Aegis. We are putting in significant amount of our overall South
Africa planned investment of R 500 million (USD 60 million) into this
acquisition. This is our way of demonstrating long term commitment to
this market place. With more than 33,000 employees globally, Aegis is
well positioned to right shore customised solutions to meet today's
business needs. Additionally, the clients will benefit from greater
scale, deeper domain expertise, comprehensive and flexible solution
offerings, robust financial strength, and a rich international talent
pool."

Aegis has a successful history of integrations in the last four years,
including its acquisition in October 2008 of PeopleSupport, Inc., a
NASDAQ listed outsourcing firm. Aegis has established a record of
aligning the interests of all stakeholders in a short period of time.
This would be the 12th acquisition for Aegis, while the next one, UCMS in
Australia is still awaiting regulatory approval for closing.

About Aegis

Aegis is one of the fastest growing BPO companies globally with
annualised revenues of approximately half a billion USD. With deep
industry expertise, Aegis services several Fortune 500 companies
worldwide in the telecom, banking, financial services, insurance,
healthcare, and travel verticals. Aegis offers "Any Time Any Where Any
Process" global delivery platform spanning onshore, near shore and
offshore locations with 32 delivery facilities in United States,
Philippines, India, Costa Rica and Kenya. For more information please
visit www.aegisglobal.com.

About Essar

The Essar Group is a diversified business corporation with a balanced
portfolio of assets in the manufacturing and services sectors of Steel,
Energy, Power, Communications, Shipping Ports & Logistics, and Projects.
Essar has a presence in more than 15 countries worldwide. www.essar.com

About CCN

CCN Group is South Africa's largest privately owned contact centre
outsourcing company, whose core competence lies in end-to-end inbound
customer service in the contact centre arena. Supported by high quality
customer service, high-performance processes and world-class technology,
CCN brings rapid improvements in efficiency and effectiveness to our
clients contact centres. As a result of its high quality of service CCN
has managed to secure and maintain the contact centres for prominent blue
chip clients both locally and internationally. CCN's reputation for
providing the best quality service is recognised by the winning of
numerous industry and client awards. CCN's passion for people,
development and training is the reason it is viewed as an employer of
choice. www.ccn.co.za

Contacts:
Aegis media contacts:
Aegis Limited - United Kingdom
Louise Kumar, Vice President
0207 9934760
louise.kumar@aegisbpo.com

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