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Kamakura Goes Live at China Everbright Bank

HONOLULU, July 19, 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 dollars 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."