Virtusa Corporation announced the expiration of its previously announced solicitation of consents and the receipt of the Requisite Consents from the holders of the 7.125% Senior Notes due 2028 issued by Virtusa and Austin HoldCo Inc., a Delaware corporation necessary to effect the amendment to the indenture governing the Notes, in the Issuers' Consent Solicitation Statement dated January 31, 2022. The Consent Solicitation expired at 5:00 PM, New York City Time, on February 8, 2022. The Holders of a majority in aggregate principal amount of the outstanding Notes have validly delivered and did not revoke consents to the Proposed Amendment.

Accordingly, the Issuers, the guarantors party to the Indenture and the Indenture trustee will execute a supplemental indenture to the Indenture to effect the Amendment. The time and date on which the Supplemental Indenture is executed is hereinafter referred to as the Consent Time. The Issuers will pay to the Holders who delivered valid and unrevoked consents to the Amendment on or prior to the Expiration Date an amount equal to $10 per $1,000 in principal amount of Notes held by the Consenting Holders to the Depository Trust Company for the benefit of the Consenting Holders, subject to the terms and conditions in the Statement.

The Issuers expect to pay, or cause to be paid, the Consent Payment on February 15, 2022. No accrued interest will be paid in respect of the Consent Payment.