XCH.L Regulatory News (XCH)

22 August 2012

Xchanging plc

Board and Board Committee Changes

Xchanging plc ('Xchanging', "the Company"), the business process and technology services provider and integrator, today announces the appointment of Saurabh Srivastava to the Xchanging plc Board as Non-executive Director with effect from 4 September 2012.

Saurabh will join the Audit Committee with effect from 4 September 2012, at which time Michel Paulin will leave the Audit Committee and join the Remuneration Committee.

Dennis Millard will step down from the Board and Nomination and Remuneration committees on 4 September 2012. Dennis has served on the Board since 2005 and on 1 August 2012 handed over the chairmanship of the Audit Committee to Stephen Wilson. A search for a Senior Independent Director to join the Board has commenced to take over the role currently held by Dennis Millard.

Saurabh Srivastava is one of India's leading IT entrepreneurs, angel investors and venture capitalists. He founded and chaired IIS Infotech, which was merged into Xansa and subsequently acquired by Steria. He is also co-founder and past Chairman of NASSCOM, the Indian Software Industry Association.

Saurabh is on the National Executive Committees of CII (Confederation of Indian Industries) and FICCI (Federation of Indian Chambers of Commerce and Industry). He also chairs the Indian operations of CA Technologies Inc, the US listed software business. Saurabh founded and chaired India's first venture capital fund in the private sector, Infinity Ventures, and also co-founded the Indian Angel Network. He chaired the Indian Venture Capital Association and is Chairman Emeritus of TIE Delhi.

Saurabh has previously served on the Advisory Board of Imperial College Business School, London, on the Entrepreneurship and Incubation boards of IIT Delhi and IIT Kanpur and on the Advisory boards of Uttarakhand and Himachal Universities.

Saurabh has a Masters from Harvard University and a B Tech from the Indian Institute of Technology (IIT) Kanpur. He has been awarded a Lifetime Achievement award from the IT Industry in India.

Commenting on the appointment, Geoff Unwin, Chairman of Xchanging said: "Saurabh has significant IT experience, which will benefit Xchanging immensely. He has a strong track record and a deep knowledge of the market and the Board looks forward to working with him. At the same time, I would like to thank Dennis for his many years of dedicated service to the Xchanging plc Board since 2005. He has been an invaluable committee member, and acted as Senior Independent Director during some testing times for the Company. We wish him well for the future."

Saurabh Srivastava said:"I have admired the Xchanging business for some time and joining the Company at this time offers a great opportunity to contribute to the future development of its business, particularly the Indian operations."

There are no further details required to be disclosed pursuant to Listing Rule 9.6.13 in connection with the appointment.

Enquiries

Xchanging plc Tel: +44 (0) 207 780 6999

Geoff Unwin, Chairman

Alexandra Hockenhull, Head of Corporate Communications and Investor Relations

Maitland Tel: +44 (0) 207 379 5151

Neil Bennett

Emma Burdett

Dan Yea

About Xchanging

What we are

Xchanging provides business processing, technology and procurement services internationally for customers across multiple industries.

What we do

Xchanging brings innovation, thought leadership and passion to its customers' businesses so as to enhance performance and value. Our values are embedded into everything we do.

What we want to be

Xchanging wants to be regarded as the best provider in its chosen markets by delivering services that are recognised for outstanding quality, reliability and innovation.

www.xchanging.com

Cautionary Statement:

This announcement contains forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as anticipate, target, expect, estimate, intend, plan, goal, believe, will, may, should, would, could, is confident, or other words of similar meaning. Undue reliance should not be placed on any such statements because they speak only as at the date of this document and, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and Xchanging's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements.

There are a number of factors which could cause actual results to differ materially from those expressed or implied in forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are; increased competition, the loss of or damage to one or more key customer relationships, changes to customer ordering patterns, delays in obtaining customer approval or price level changes, the failure of one or more key suppliers, the outcome of business or industry restructuring, the outcome of any litigation, changes in economic conditions, currency fluctuations, changes in interest and tax rates, changes in raw material or energy market prices, changes in laws, regulations or regulatory policies, developments in legal or public policy doctrines, technological developments, the failure to retain key management, or the key timing and success of future acquisition opportunities or major investment projects.