Firstsource Solutions Ltd. — Capital/Financing Update 2021

Dec 30, 2021

==> picture [467 x 65] intentionally omitted <==

30[th] December 2021

To:

National Stock Exchange of India Limited (Scrip Code: FSL) Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Bandra (East), Mumbai - 400 051

BSE Limited (Scrip Code: 532809) Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Dear Madam/ Sir,

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform that Firstsource Business Process Services, LLC, a step-down material subsidiary of the Company, has executed a stock purchase agreement dated 29[th] December 2021 to acquire 100% stake in American Recovery Service Incorporated (“ ARSI ”), a leading US legal collection service provider.

The details required under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September 2015 is enclosed as Annexure I .

You are kindly requested to take the above on record.

Thanking you,

For Firstsource Solutions Limited Digitally signed by POOJA POOJA SURESH SURESH NAMBIAR NAMBIAR Date: 2021.12.30 09:17:38 +05'30' Pooja Nambiar

Company Secretary & Compliance Officer

Encl.: Annexure 1

==> picture [465 x 110] intentionally omitted <==

==> picture [467 x 65] intentionally omitted <==

Annexure I

Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 : -

==> picture [471 x 399] intentionally omitted <==

----- Start of picture text -----

Name of the target entity, details in AMERICAN RECOVERY SERVICE
brief such as size, turnover etc.; INCORPORATED, a California corporation. Its
revenue for the 12 months ended 30 [th] September
2021 is approximately USD 72.5 million
Whether the acquisition would fall No
within related party
transaction(s)and whether the
promoter/ promoter group/ group
companies have any interest in the
entity being acquired? If yes, nature
of interest and details thereof and
whether the same is done at “arm’s
length”
Industry to which the entity being US based legal collection service provider
acquired belongs
Objects and effects of acquisition Expand and strengthen Firstsource’s debt
(including but not limited to, collection capabilities
disclosure of reasons for acquisition
of target entity, if its business is
outside the main line of business of
the listed entity);
Brief details of any governmental or None
regulatory approvals required for
the acquisition;
Indicative time period for Transaction executed and closed on 29 [th]
completion of the acquisition; December 2021
----- End of picture text -----

==> picture [465 x 110] intentionally omitted <==

==> picture [467 x 65] intentionally omitted <==

Nature of consideration -whether cash consideration or share swap and details of the same;	Cash Consideration
Cost of acquisition or the price at which the shares are acquired;	USD 53 Million including earnouts
Percentage of shareholding / control acquired and / or number ofshares acquired;	100%
Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	American Recovery Service, Inc. (“ARSI”) founded in 1986, is headquartered at Thousand Oaks, California, USA. It provides legal collection services to leading BFS and Fintech clients in USA. Revenue of the company is as given below: Oct2020-Sep2021: approx. USD 72.5 million Oct2019-Sep2020: USD 65.3 million Oct2018-Sep2019: USD 61.5 million

==> picture [465 x 110] intentionally omitted <==