SOURCE: Kamakura Corporation

July 20, 2005 10:00 ET

Kamakura Goes Live at China Everbright Bank

HONOLULU, HI -- (MARKET WIRE) -- July 20, 2005 -- Kamakura Corporation announced today the launch of two major new modules of its integrated risk management software suite Kamakura Risk Manager: the KRM-lm credit limits module and KRM-lp, the Kamakura loan pricing module. Kamakura has gone live with both modules in Beijing at China Everbright Bank, which licensed the full Kamakura Risk Manager suite in late 2004. China Everbright Bank has assets of more than $40 billion and has earned a reputation as one of the most advanced practitioners of risk management in greater China. The Bank uses the Kamakura Risk Manager software system and the two new modules to manage the credit risk embedded in the Bank's growing commercial loan portfolio. Systems integration was performed by Kamakura distributor Great Wall Software International and BearingPoint.

"Kamakura's new credit limits and loan pricing modules represent another step forward in fully integrated credit risk, market risk, and asset and liability management," said Warren Sherman, Kamakura President and Chief Operating Officer. "China Everbright Bank now has credit limits and loan pricing capabilities that are fully consistent with the state of the art in credit-adjusted market risk and credit portfolio management. In the same vein, Everbright's loan pricing is based on the same leading edge yield curve smoothing and default probability technology that are at the heart of the KRM system. Our multi-lingual integration of web based reporting with KRM analytics has made implementation in Chinese at Everbright a very efficient and productive project for all involved."

About China Everbright Bank

China Everbright Bank (www.cebbank.com and www.ebchina.com) was founded in 1992. The Bank has more than 350 branches in 36 cities and 23 provinces. The Bank's total assets exceed RMB 328.3 billion. The Bank was recently rated the 205th largest bank in the world by the Banker magazine. The Bank is a subsidiary of the China Everbright Group, a core Chinese government-owned enterprise. It is focused on the financial sector, mainly involved in banking, securities, insurance, and investment management. China Everbright Group is managed through China Everbright Group Limited (with headquarters in Beijing) and China Everbright Holdings Company Limited (with headquarters in Hong Kong).

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 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, Africa, 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 worldwide 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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