Supporting Youth Fitness

XCHANGING SUPPORTS YOUTH FITNESS

With the growing appeal for rowing as a fitness sport, Xchanging partners with London Youth Rowing ahead of the 2010 Xchanging Boat Race - 156th contest between Oxford and Cambridge University crews

LONDON, 26 February 2009 - Xchanging plc (LSE:XCH), a large, fast-growing global business processor has committed to support the National Junior Indoor Rowing Championships (NJIRC) 2010. The largest junior indoor rowing event in the world, now in its fourth year will be staged on 16 March 2010 at the Battersea Evolution site in London. Over 2,500 young people from diverse cultural, ethnic and economic backgrounds are expected to participate in the event.

NJIRC is an annual event organised by London Youth Rowing (LYR), a registered charity launched five years ago to provide community based youth rowing and indoor rowing programmes across the country. It is a ground breaking sports initiative for developing young people through physical activity and opening access to rowing for all, particularly those from the less advantaged backgrounds including those with disabilities.

Xchanging, sponsors of the legendary Oxford and Cambridge University Boat Race (now called the Xchanging Boat Race) will also extend support through employee volunteering on the day of the event. On 12 March 1829, when rowers from Cambridge University sent a challenge to their counterparts in Oxford to a boat race they started a tradition that has endured to the present day. The loser of the previous year's race challenges the opposition to a re-match. The race has become a major international sporting occasion drawing millions of viewers from around the world. Up to 250,000 spectators crowd the banks of the Thames from Putney to Mortlake to witness the action.

Xchanging Boat Race crews for 2010 and some current Olympian rowing medal winners will be present at the NJIRC, encouraging young athletes and awarding medals and prizes. The NJIRC event will feature teams of eight from years 10, 11, 12 racing in a relay format. Championship winners will have the opportunity to follow the Xchanging Boat Race in launches provided by the Royal Marines.

Commenting on this, Daniel Kasmir, Group Head of HR for Xchanging said, "At Xchanging, our Corporate Social Responsibility (CSR) initiatives are specifically focussed on youth and education. We provide skills, resources and support fundraising activities in communities within the regions we operate in. NIJRC is an initiative that not only encourages fitness and wellbeing, but also and prepares young people for competing in individual and team sports. It is helping lay the foundations of youth sporting excellence in the run-up to 2012 Olympics. Xchanging is delighted to support NIJRC2010, as rowing is especially close to our hearts."

Jim Downing, Chairman of London Youth Rowing added, "London Youth Rowing are delighted with the addition of Xchanging as a core sponsor of NJIRC. The Boat Race are important partners and the values of teamwork, excellence and determination of the Xchanging Boat Race can be a real inspiration to our young competitors. We hope this is the beginning of a long and mutually beneficial relationship with Xchanging as we work to deliver our programmes in the community."

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For further information, please contact:

Xchanging

Meeta Thareja Tel: +44 (0)20 7780 5374

[email protected]

Cardew Group Tel: +44 (0)20 7930 0777

[email protected]

About Xchanging:

Xchanging is one of the largest and fastest growing business processors. With a wide range of multinational customers in 42 countries and employing over 8,000 people, we are a truly global company. We deliver mission-critical, high volume processing to our customers. Our aim is simply to provide business processing services better, cheaper and faster.

Xchanging provides procurement, accounting, human resources and technology services across industries. We combine this functional processing expertise with deep industry domain knowledge to provide industry-specific processing services across a broad range of industries. These include banking, insurance, manufacturing, retail and real estate among others.

Listed on the London Stock Exchange in 2007, the company is in the FTSE250, the index of mid-capitalised companies traded on the London Stock Exchange. Xchanging is also a member of the FTSE4Good index which measures the performance of companies that meet globally recognised corporate responsibility standards.

www.xchanging.com 

About London Youth Rowing:

Established in June 2004, LYR has developed rapidly and thousands of young people across London participate in its programmes throughout the year. LYR works closely with many secondary schools in the East London area and across the capital. In addition, through its close association with the Federation of London Youth Clubs (with over 400 affiliated youth clubs and 70,000 members) LYR delivers out of school hours programmes, holiday courses and events. LYR's purpose is to develop young people through physical activity and open access to rowing at all levels - 'making champions - everyday '. Recent developments in indoor rowing include a programme for schools and an on-line competition framework, as well as two very successful competitive events: the indoor and the on the water regatta rowing events at the London Youth Games, and the National Junior Indoor Rowing Championships (NJIRC). On-water, LYR runs after-school and holiday programmes to give young people the opportunity to try on-water rowing. Talented young rowers are offered top class coaching through a Performance Programme, allowing those that aspire to, to race at the highest levels. To date, LYR works with six rowing clubs and centres across Greater London. London Youth Rowing is a registered charity (no. 1122941)