SOURCE: Kamakura Corporation

May 02, 2005 10:00 ET

Allied Bank Selects Kamakura Risk Manager for Market Risk and Asset and Liability Management

Unisys to Provide Systems Integration at Manila Head Office

HONOLULU, HI -- (MARKET WIRE) -- May 2, 2005 -- Kamakura Corporation announced today that Allied Bank in Manila has selected the Kamakura Risk Manager software system as the market risk and asset and liability management system for the Bank. Allied Bank, founded in 1977, has total assets of more than 149 billion Philippine pesos. Unisys Manila will provide systems integration for the project, the 12th time that Unisys has acted as systems integrator for the Kamakura Risk Manager system.

"Kamakura is extremely pleased to welcome Allied Bank to the Kamakura user group," said Warren Sherman, Kamakura President and Chief Operating Officer. "Kamakura now has risk management software and default probability clients in 13 countries. This kind of global experience combined with local service through our long time partners Unisys was a winning combination for Allied Bank. The Kamakura Risk Manager system combines market risk, credit risk, asset and liability management and performance measurement. Because of this comprehensive risk management coverage, Allied Bank's market risk and asset and liability management analysis can easily be expanded in the years ahead to a fully integrated comprehensive risk management system."

For more information on Kamakura Risk Manager and the KRIS default probability and correlation service, please contact Kamakura at info@kamakuraco.com. More information can also be found on the Kamakura Corporation web site www.kamakuraco.com and in "Advanced Financial Risk Management" (John Wiley & Sons, 2004) by Kamakura's van Deventer, Kenji Imai, and Mark Mesler (available on www.amazon.com). "Advanced Financial Risk Management" was recently named "best finance book of 2004" on www.riskbook.com.

About Allied Bank

Allied Bank, with more than 200 branches, is one of the leading banks in the Philippines. For more information on Allied Bank, please see www.alliedbank.com.ph.

About Unisys Asia Pacific

Unisys Asia Pacific helps clients eliminate business and IT complexity, providing specialized services delivered by trusted consultants. Drawing on a history of industry innovation and expertise, Unisys Asia Pacific delivers services and solutions through subsidiaries in Australia, New Zealand, China, Hong Kong, Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand and through distributors or resellers in other countries in the region. For more information, visit www.unisys.com.au.

About Unisys

Unisys is a worldwide information technology services and solutions company. Unisys people combine expertise in consulting, systems integration, outsourcing, infrastructure and server technology with precision thinking and relentless execution to help clients, in more than 100 countries, quickly and efficiently achieve competitive advantage. For more information, visit www.unisys.com.

About Kamakura Corporation

Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura has been a provider of daily default probabilities for listed companies since November 2002. Kamakura launched its business mortality model for unlisted companies in January 2004. Kamakura is also the first company in the world to develop and install a fully integrated credit risk, market risk, asset and liability management, and transfer pricing software system. Kamakura has clients ranging in size from $3 billion in assets to $1 trillion in assets. Kamakura's risk management software is currently used in the United States, Germany, Canada, the United Kingdom, Australia, the Middle East, Japan, China, Korea and many other countries in Asia.

Kamakura's research effort is led by Professor Robert Jarrow, who was named Financial Engineer of the Year in 1997 by the International Association of Financial Engineers. Professor Jarrow and Dr. van Deventer were both named to the 50-member RISK Hall of Fame in December 2002. Kamakura management has published twenty-one books and more than 100 publications on credit risk, market risk, and asset and liability management. Kamakura has world-wide distribution alliances with IPS-Sendero (www.ips-sendero.com) and Unisys (www.unisys.com), making Kamakura products available in almost every major city around the globe.

For more information contact

Kamakura Corporation
2800 Woodlawn Drive, Suite 138, Honolulu, Hawaii  96822
Telephone: 1-808-539-3830
Facsimile: 1-808-539-3748
Information: info@kamakuraco.com
Web site: www.kamakuraco.com

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