2007-Stock Exchanges In-Principal Approval for DRs

PUNE, India. – November 29, 2007 – HOV Services (NSE: HOVS), a global Business Process Outsourcing provider announced today that the Company had received In-Principal approval from Bombay Stock Exchange Limited vide its letter dated November 29, 2007 and from National Stock Exchange Limited vide its letter dated November 29, 2007 for issue and allotment of equity shares not exceeding 1,50,00,000 to be allotted towards the proposed DRs.

About HOV Services, Ltd.

HOV Services, Ltd. is a global leader in providing Finance and Accounting services to over 50% of the FORTUNE 100® companies. As a top tier leader, we deliver end-to-end, high value, integrated, Finance and Accounting services for Healthcare, BFSI,  Telecommunications, Media & Publishing, Manufacturing, Government sectors and our e-content management solutions coupled with workflow based large volume transaction processing services set standards for the industry. Headquartered in Chennai, India with its US headquarters in Troy, Michigan, USA, customers are serviced with Rightshore delivery model from more than 50 locations across North America, India, China, Canada and Mexico and with dedicated base of more than 11,600 associates working together and committed to Exceed Expectations® of our clients.