EXLS

SEC source: 0001144204-17-050069 · v475980_4.xml · nonDerivative · entry 2

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,686

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $57.60 to $57.68 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.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-050069 · v475980_4.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 180,696

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 25, 2017 the reporting person exercised previously issued options to purchase an aggregate of 8,010 shares of common stock of ExlService Holdings, Inc.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-049798 · v475863_form4.xml · derivative · entry 6

de Villa Rembert · CIK 0001430882 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 25,000 shares

Expires 2019-02-10

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 22, 2017 the reporting person exercised previously issued options to purchase an aggregate of 31,370 shares of common stock of ExlService Holdings, Inc.

F6 · derivative.exercise_date: On February 10, 2009, the reporting person was granted 25,000 stock options. 10 percent of these options became vested and exercisable on February 10, 2010, an additional 20 percent became vested and exercisable on February 10, 2011, an additional 30 percent became vested and exercisable on February 10, 2012, and the balance of 40 percent became vested and exercisable on February 10, 2013.

SEC source: 0001144204-17-049798 · v475863_form4.xml · derivative · entry 5

de Villa Rembert · CIK 0001430882 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,630

Underlying: Common Stock, par value $0.001 per share · 6,370 shares

Expires 2018-04-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 22, 2017 the reporting person exercised previously issued options to purchase an aggregate of 31,370 shares of common stock of ExlService Holdings, Inc.

F5 · derivative.exercise_date: On April 24, 2008, the reporting person was granted 40,000 stock options. 10 percent of these options became vested and exercisable on April 24, 2009, an additional 20 percent became vested and exercisable on April 24, 2010, an additional 30 percent became vested and exercisable on April 24, 2011, and the balance of 40 percent became vested and exercisable on April 24, 2012.

SEC source: 0001144204-17-049798 · v475863_form4.xml · nonDerivative · entry 4

de Villa Rembert · CIK 0001430882 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,697

F2 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $57.30 to $57.50 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.

SEC source: 0001144204-17-049798 · v475863_form4.xml · nonDerivative · entry 3

de Villa Rembert · CIK 0001430882 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,409

F2 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F3 · price: This transaction was executed in multiple trades at prices ranging from $56.30 to $57.29 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.

SEC source: 0001144204-17-049798 · v475863_form4.xml · nonDerivative · entry 2

de Villa Rembert · CIK 0001430882 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,067

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 22, 2017 the reporting person exercised previously issued options to purchase an aggregate of 31,370 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001144204-17-049798 · v475863_form4.xml · nonDerivative · entry 1

de Villa Rembert · CIK 0001430882 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,067

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 22, 2017 the reporting person exercised previously issued options to purchase an aggregate of 31,370 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001144204-17-049793 · v475862_form4.xml · derivative · entry 8

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,400

Underlying: Common Stock, par value $0.001 per share · 25,681 shares

Expires 2019-02-10

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 22, 2017 the reporting person exercised previously issued options to purchase an aggregate of 25,681 shares of common stock of ExlService Holdings, Inc.

F10 · derivative.exercise_date: On February 10, 2009, the reporting person was granted 196,400 stock options. 25 percent of these options became vested and exercisable on February 10, 2010, an additional 25 percent became vested and exercisable on February 10, 2011, an additional 25 percent became vested and exercisable on February 10, 2012, and the balance of 25 percent became vested and exercisable on February 10, 2013.

SEC source: 0001144204-17-049793 · v475862_form4.xml · nonDerivative · entry 2

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,686

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $56.60 to $57.47 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.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-049793 · v475862_form4.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 198,367

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 22, 2017 the reporting person exercised previously issued options to purchase an aggregate of 25,681 shares of common stock of ExlService Holdings, Inc.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-049502 · v475680_4.xml · derivative · entry 8

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 72,081

Underlying: Common Stock, par value $0.001 per share · 9,742 shares

Expires 2019-02-10

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 21, 2017 the reporting person exercised previously issued options to purchase an aggregate of 9,742 shares of common stock of ExlService Holdings, Inc.

F10 · derivative.exercise_date: On February 10, 2009, the reporting person was granted 196,400 stock options. 25 percent of these options became vested and exercisable on February 10, 2010, an additional 25 percent became vested and exercisable on February 10, 2011, an additional 25 percent became vested and exercisable on February 10, 2012, and the balance of 25 percent became vested and exercisable on February 10, 2013.

SEC source: 0001144204-17-049502 · v475680_4.xml · nonDerivative · entry 2

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,686

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $56.60 to $56.95 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.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-049502 · v475680_4.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 182,428

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 21, 2017 the reporting person exercised previously issued options to purchase an aggregate of 9,742 shares of common stock of ExlService Holdings, Inc.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-049278 · v475649_4.xml · derivative · entry 8

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 81,823

Underlying: Common Stock, par value $0.001 per share · 14,577 shares

Expires 2019-02-10

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 20, 2017 the reporting person exercised previously issued options to purchase an aggregate of 14,577 shares of common stock of ExlService Holdings, Inc.

F10 · derivative.exercise_date: On February 10, 2009, the reporting person was granted 196,400 stock options. 25 percent of these options became vested and exercisable on February 10, 2010, an additional 25 percent became vested and exercisable on February 10, 2011, an additional 25 percent became vested and exercisable on February 10, 2012, and the balance of 25 percent became vested and exercisable on February 10, 2013.

SEC source: 0001144204-17-049278 · v475649_4.xml · nonDerivative · entry 2

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,686

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $56.60 to $56.74 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.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-049278 · v475649_4.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 187,263

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 20, 2017 the reporting person exercised previously issued options to purchase an aggregate of 14,577 shares of common stock of ExlService Holdings, Inc.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-049091 · v475609_4.xml · derivative · entry 8

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 96,400

Underlying: Common Stock, par value $0.001 per share · 14,220 shares

Expires 2019-02-10

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 19, 2017 the reporting person exercised previously issued options to purchase an aggregate of 14,220 shares of common stock of ExlService Holdings, Inc.

F10 · derivative.exercise_date: On February 10, 2009, the reporting person was granted 196,400 stock options. 25 percent of these options became vested and exercisable on February 10, 2010, an additional 25 percent became vested and exercisable on February 10, 2011, an additional 25 percent became vested and exercisable on February 10, 2012, and the balance of 25 percent became vested and exercisable on February 10, 2013.

SEC source: 0001144204-17-049091 · v475609_4.xml · nonDerivative · entry 2

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,686

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $55.60 to $55.91 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.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-049091 · v475609_4.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 186,906

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 19, 2017 the reporting person exercised previously issued options to purchase an aggregate of 14,220 shares of common stock of ExlService Holdings, Inc.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-048905 · v475489_4.xml · derivative · entry 8

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 110,620

Underlying: Common Stock, par value $0.001 per share · 35,780 shares

Expires 2019-02-10

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 18, 2017 the reporting person exercised previously issued options to purchase an aggregate of 35,780 shares of common stock of ExlService Holdings, Inc.

F10 · derivative.exercise_date: On February 10, 2009, the reporting person was granted 196,400 stock options. 25 percent of these options became vested and exercisable on February 10, 2010, an additional 25 percent became vested and exercisable on February 10, 2011, an additional 25 percent became vested and exercisable on February 10, 2012, and the balance of 25 percent became vested and exercisable on February 10, 2013.

SEC source: 0001144204-17-048905 · v475489_4.xml · nonDerivative · entry 2

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,686

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $55.60 to $56.10 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.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-048905 · v475489_4.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 208,466

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On September 18, 2017 the reporting person exercised previously issued options to purchase an aggregate of 35,780 shares of common stock of ExlService Holdings, Inc.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-043910 · v473532_4.xml · nonDerivative · entry 1

de Villa Rembert · CIK 0001430882 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,697

F1 · price: This transaction was executed in multiple trades at prices ranging from $56.00 to $56.03 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.

SEC source: 0001144204-17-034660 · v469882_4.xml · nonDerivative · entry 1

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,119

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001144204-17-034443 · v469694_4.xml · derivative · entry 8

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 146,400

Underlying: Common Stock, par value $0.001 per share · 43,337 shares

Expires 2019-02-10

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On June 23, 2017 the reporting person exercised previously issued options to purchase an aggregate of 43,337 shares of common stock of ExlService Holdings, Inc.

F10 · derivative.exercise_date: On February 10, 2009, the reporting person was granted 196,400 stock options. 25 percent of these options became vested and exercisable on February 10, 2010, an additional 25 percent became vested and exercisable on February 10, 2011, an additional 25 percent became vested and exercisable on February 10, 2012, and the balance of 25 percent became vested and exercisable on February 10, 2013.

SEC source: 0001144204-17-034443 · v469694_4.xml · nonDerivative · entry 2

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,686

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $54.90 to $55.38 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.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-034443 · v469694_4.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 216,023

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On June 23, 2017 the reporting person exercised previously issued options to purchase an aggregate of 43,337 shares of common stock of ExlService Holdings, Inc.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-034081 · v469644_4.xml · derivative · entry 1

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,588

Underlying: Common Stock, par value $0.001 per share · 1,854 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

F2 · derivative.expiration_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

SEC source: 0001144204-17-034090 · v469650_form4.xml · derivative · entry 1

MITTAL SOM · CIK 0001591481 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,728

Underlying: Common Stock, par value $0.001 per share · 1,854 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the vesting date.

F2 · derivative.expiration_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the vesting date.

SEC source: 0001144204-17-034089 · v469649_form4.xml · derivative · entry 1

KELSO DAVID B · CIK 0001187801 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,915

Underlying: Common Stock, par value $0.001 per share · 1,854 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the vesting date.

F2 · derivative.expiration_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the vesting date.

SEC source: 0001144204-17-034088 · v469648_form4.xml · derivative · entry 1

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,547

Underlying: Common Stock, par value $0.001 per share · 1,854 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the vesting date.

F2 · derivative.expiration_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the vesting date.

SEC source: 0001144204-17-034087 · v469647_form4.xml · derivative · entry 1

Minto Anne Elizabeth · CIK 0001572473 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,421

Underlying: Common Stock, par value $0.001 per share · 1,854 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

F2 · derivative.expiration_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

SEC source: 0001144204-17-034086 · v469646_form4.xml · derivative · entry 1

KERR DEBORAH · CIK 0001258989 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,270

Underlying: Common Stock, par value $0.001 per share · 1,854 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

F2 · derivative.expiration_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

SEC source: 0001144204-17-034084 · v469645_4.xml · derivative · entry 1

Sahney Nitin · CIK 0001505567 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,846

Underlying: Common Stock, par value $0.001 per share · 1,854 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

F2 · derivative.expiration_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

SEC source: 0001144204-17-034079 · v469643_4.xml · derivative · entry 8

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 189,737

Underlying: Common Stock, par value $0.001 per share · 6,663 shares

Expires 2019-02-10

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On June 22, 2017 the reporting person exercised previously issued options to purchase an aggregate of 6,663 shares of common stock of ExlService Holdings, Inc.

F10 · derivative.exercise_date: On February 10, 2009, the reporting person was granted 196,400 stock options. 25 percent of these options became vested and exercisable on February 10, 2010, an additional 25 percent became vested and exercisable on February 10, 2011, an additional 25 percent became vested and exercisable on February 10, 2012, and the balance of 25 percent became vested and exercisable on February 10, 2013.

SEC source: 0001144204-17-034079 · v469643_4.xml · nonDerivative · entry 2

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,686

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $54.90 to $54.94 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.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-034079 · v469643_4.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 179,349

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On June 22, 2017 the reporting person exercised previously issued options to purchase an aggregate of 6,663 shares of common stock of ExlService Holdings, Inc.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-033308 · v469333_form4.xml · derivative · entry 2

MITTAL SOM · CIK 0001591481 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,874

Underlying: Common Stock, par value $0.001 per share · 1,946 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: On June 17, 2016, the reporting person was granted 1,946 restricted stock units, that vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the end of the reporting person's term on the Board if such person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change of Control", as defined in the Plan, and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan or (iii) the vesting date.

F2 · derivative.expiration_date: On June 17, 2016, the reporting person was granted 1,946 restricted stock units, that vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the end of the reporting person's term on the Board if such person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change of Control", as defined in the Plan, and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan or (iii) the vesting date.

F3 · balance_after: Includes an additional restricted stock unit granted and previously disclosed by the reporting person on December 5, 2016, but which was inadvertently omitted from the total in a subsequent Form 4 filed by the reporting person.

SEC source: 0001144204-17-033308 · v469333_form4.xml · nonDerivative · entry 1

MITTAL SOM · CIK 0001591481 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,946

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

SEC source: 0001144204-17-033307 · v469332_form4.xml · derivative · entry 2

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,693

Underlying: Common Stock, par value $0.001 per share · 1,946 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: On June 17, 2016, the reporting person was granted 1,946 restricted stock units, that vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the end of the reporting person's term on the Board if such person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change of Control", as defined in the Plan, and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan or (iii) the vesting date.

F2 · derivative.expiration_date: On June 17, 2016, the reporting person was granted 1,946 restricted stock units, that vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the end of the reporting person's term on the Board if such person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change of Control", as defined in the Plan, and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan or (iii) the vesting date.

SEC source: 0001144204-17-033307 · v469332_form4.xml · nonDerivative · entry 1

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,992

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

SEC source: 0001144204-17-033306 · v469330_form4.xml · derivative · entry 2

KELSO DAVID B · CIK 0001187801 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,061

Underlying: Common Stock, par value $0.001 per share · 1,946 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: On June 17, 2016, the reporting person was granted 1,946 restricted stock units, that vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the end of the reporting person's term on the Board if such person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change of Control", as defined in the Plan, and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan or (iii) the vesting date.

F2 · derivative.expiration_date: On June 17, 2016, the reporting person was granted 1,946 restricted stock units, that vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the end of the reporting person's term on the Board if such person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change of Control", as defined in the Plan, and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan or (iii) the vesting date.

SEC source: 0001144204-17-033306 · v469330_form4.xml · nonDerivative · entry 1

KELSO DAVID B · CIK 0001187801 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,946

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

SEC source: 0001144204-17-032361 · v468864_4.xml · nonDerivative · entry 1

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,353

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001144204-17-031567 · v468571_4.xml · nonDerivative · entry 1

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,987

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001144204-17-031336 · v468529_form4.xml · derivative · entry 8

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 22,140 shares

Expires 2018-01-23

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On June 2, 2017 the reporting person exercised previously issued options to purchase an aggregate of 22,140 shares of common stock of ExlService Holdings, Inc.

F10 · derivative.exercise_date: On January 23, 2008, the reporting person was granted 150,000 stock options. 25 percent of these options became vested and exercisable on January 23, 2009, an additional 25 percent became vested and exercisable on January 23, 2010, an additional 25 percent became vested and exercisable on January 23, 2011, and the balance of 25 percent became vested and exercisable on January 23, 2012.

SEC source: 0001144204-17-031336 · v468529_form4.xml · nonDerivative · entry 2

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,686

F3 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $52.90 to $53.46 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.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-031336 · v468529_form4.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 194,826

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On June 2, 2017 the reporting person exercised previously issued options to purchase an aggregate of 22,140 shares of common stock of ExlService Holdings, Inc.

F2 · ownership.direct: Owned by Rohit Kapoor.

SEC source: 0001144204-17-031050 · v468399_4.xml · derivative · entry 10

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,140

Underlying: Common Stock, par value $0.001 per share · 27,860 shares

Expires 2018-01-23

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · kind: On June 1, 2017 the reporting person exercised previously issued options to purchase an aggregate of 27,860 shares of common stock of ExlService Holdings, Inc.

F10 · derivative.exercise_date: On January 23, 2008, the reporting person was granted 150,000 stock options. 25 percent of these options became vested and exercisable on January 23, 2009, an additional 25 percent became vested and exercisable on January 23, 2010, an additional 25 percent became vested and exercisable on January 23, 2011, and the balance of 25 percent became vested and exercisable on January 23, 2012.