EXLSERVICE HOLDINGS INC

Ticker: EXLS CUSIP: 302081104 Class: COM

Pembroke Management, LTD's Holding History (CIK: 0001063497)

Note: Option positions (PUT/CALL) are excluded.

Q4 2018

Shares 109,958 Value ($000) $5,786 Avg Close $11.62 Range $8.86 - $13.33

Q3 2018

Shares 115,658 Value ($000) $7,657 Avg Close $12.38 Range $11.25 - $13.41

Q2 2018

Shares 118,700 Value ($000) $6,720 Avg Close $11.40 Range $10.50 - $12.02

Q1 2018

Shares 45,500 Value ($000) $2,538 Avg Close $11.93 Range $10.80 - $12.87

Q1 2017

Shares 141,300 Value ($000) $6,691 Avg Close $9.38 Range $8.85 - $10.26

Q4 2016

Shares 145,800 Value ($000) $7,354 Avg Close $9.56 Range $8.40 - $10.28

Q3 2016

Shares 149,900 Value ($000) $7,471 Avg Close $10.17 Range $9.50 - $10.96

Q2 2016

Shares 264,300 Value ($000) $13,851 Avg Close $10.13 Range $9.25 - $10.58

Q1 2016

Shares 204,400 Value ($000) $10,587 Avg Close $9.19 Range $8.16 - $10.58

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	109,958	$5,786	$11.62	$8.86 - $13.33
Q3 2018	115,658	$7,657	$12.38	$11.25 - $13.41
Q2 2018	118,700	$6,720	$11.40	$10.50 - $12.02
Q1 2018	45,500	$2,538	$11.93	$10.80 - $12.87
Q1 2017	141,300	$6,691	$9.38	$8.85 - $10.26
Q4 2016	145,800	$7,354	$9.56	$8.40 - $10.28
Q3 2016	149,900	$7,471	$10.17	$9.50 - $10.96
Q2 2016	264,300	$13,851	$10.13	$9.25 - $10.58
Q1 2016	204,400	$10,587	$9.19	$8.16 - $10.58