Notice given by Ht Global It Solutions Holdings Limited.

Fair competition for greater good

COMPETITION COMMISSION OF INDIA

(Combination Registration No. C-2013/09/130)

19.09.2013

Notice u/s 6 (2) of the Competition Act, 2002 given by:

 HT Global IT Solutions Holdings Limited

Order under Section 31(1) of the Competition Act, 2002

1. On 5^th September, 2013 the Competition Commission of India (hereinafter referred to as the “ Commission ”) received a notice under sub-section (2) of Section 6 of the Competition Act, 2002 (hereinafter referred to as the “ Act ”), given by HT Global IT Solutions Holdings Limited (hereinafter referred to as “ Baring Asia ” or the “ Acquirer ”), a company belonging to the Baring Private Equity Asia Group. The notice was given pursuant to the execution on 23^rd August, 2013, of two separate Share Purchase Agreements, entered into between the Acquirer, Elder Infosystems Private Limited and Elder Venture LLP and between the Acquirer and GA Global Investments Limited.

1. As per the information given in the notice, the proposed combination relates to the acquisition by Baring Asia, of 41.48 per cent of the equity share capital (including unlisted ADRs equivalent to 7.01 per cent of the equity share capital) of Hexaware Technologies Limited (hereinafter referred to as “ Hexaware ”), pursuant to the said Share Purchase Agreements. Additionally, Baring Asia also proposes to acquire upto 26 per cent of the equity share capital of Hexaware pursuant to the mandatory open offer under the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations 2011.