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KALAHARI REPORTS RECORD GROWTH OF kACE DEPLOYMENT IN BANKING SECTOR

-- First half of 2006 sees seven European banks sign up for Kalahari’s pricing, analytics and publishing solution --

London – 3rd July, 2006. Kalahari, a global provider of real-time price discovery and analytic solutions to financial and energy trading institutions in over 16 countries, is pleased to announce that the first half of 2006 – between January and June - has seen seven European banks deploying their kACE™ solution, for pricing, analytics and publishing.

kACE is the industry’s leading real-time price discovery and analytics solution designed for enterprise-wide use at banks, broking firms and other financial institutions and corporations. With flexibility and control as the driving design principles, kACE gives traders the tools and the freedom to innovate and concentrate on what they do best – calculate and effect the trading opportunity.

Commenting, Mark Holden, sales director EMEA, Kalahari said: "This increase of leading banks adopting kACE is testament to our commitment to providing powerful trading tools and valuable customer support. Trading applications must be sufficiently adaptable to keep up with the demands of traders and markets. Changes in individual trader requirements, methodology or convention have to be implemented as soon as possible if an institution is to maintain its competitive edge in the market. With our advancing product line, we are anticipating accelerated growth in the second half of 2006."