PeopleSupport and Essar Services (Mauritius) Receive Hart-Scott-Rodino Clearance from the Federal Trade Commission

  
    
  
  
    
      Aegis BPO, a leading global business process outsourcing (BPO) provider 
      and part of Essar Group, one of India’s 
      largest and fastest growing business conglomerates with an estimated 
      enterprise value of over $50 billion, and PeopleSupport, Inc. (Nasdaq: 
      PSPT), a leading offshore BPO provider, today announced that the waiting 
      period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, 
      as amended, in connection with the proposed merger with PeopleSupport 
      through Essar Services (Mauritius), a wholly-owned subsidiary of Aegis 
      BPO, has expired without a request for further information by the 
      Federal Trade Commission.
    
    
      Completion of the transaction is subject to satisfaction of other 
      customary closing conditions, including the approval of the stockholders 
      of PeopleSupport. As previously announced, PeopleSupport has scheduled a 
      special meeting of its stockholders, to be held at 9:00 a.m., Pacific 
      time, on Wednesday, October 8, 2008, to consider and vote on the 
      proposed merger.
    
    
      About Aegis
    
    
      Aegis BPO is today one of India’s fastest 
      growing BPO companies with annual revenues of over USD $320 million. It 
      is a part of the ESSAR Group which is one of India’s 
      largest conglomerates in terms of enterprise value. Aegis BPO services 
      some of the world’s largest corporations in 
      the Telecom, Banking, Insurance and Healthcare verticals through its 25 
      delivery facilities in the U.S. and India. Aegis BPO operates over 
      14,000 seats and employs over 20,000 people globally. It has been 
      recognized as being one of the largest offshore BPO companies in India 
      and among the top 2 in the Indian domestic sector. Visit website www.aegisbpo.com.
    
    
      About Essar
    
    
      The Essar Group is a globally diversified conglomerate with huge 
      business interests in Steel, Energy, Power, Communications, Shipping & 
      Logistics, and Construction. The Essar Group has an estimated enterprise 
      value of over USD $50 billion and employs over 38,000 people worldwide.
    
    
      With a firm foothold in India, Essar is focused on global expansion with 
      projects and investments in Canada, USA, Africa, the Middle East, the 
      Caribbean and Asia. Visit website www.essar.com.
    
    
      About PeopleSupport
    
    
      PeopleSupport, Inc. (Nasdaq: PSPT), is a leading offshore BPO provider 
      that offers customer management, transcription and captioning and 
      additional BPO services for global enterprise clients. From its 
      world-class service delivery centers in the Philippines and Costa Rica, 
      PeopleSupport offers high performance services with deep industry domain 
      knowledge and expertise, resulting in customizable and best practice 
      solutions. By delivering high quality services from offshore locations, 
      PeopleSupport’s service delivery centers 
      reduce costs, improve performance and increase revenues. A majority of 
      PeopleSupport's services are performed in the Philippines, where 
      PeopleSupport is one of the largest outsourcing companies, employing 
      approximately 8,000 college-educated, fluent English speaking personnel. 
      Headquartered in Los Angeles, California, with approximately 8,500 
      employees worldwide, PeopleSupport serves clients in a variety of 
      industries, such as travel, consumer, financial services, healthcare, 
      insurance, technology, telecommunications, entertainment and education. 
      For more information, visit www.peoplesupport.com.