CRAIG TEE JOINS KALAHARI'S SALES & MARKETING TEAM TO FOCUS ON ENERGY MARKETS

Craig Tee has joined the Kalahari sales and
marketing team, in order to focus on driving the company's flagship
product, k.A.C.E., further into the energy markets.

Craig has a great deal of valuable knowledge and experience, gained from
a long career working in the derivatives and futures industry. His
previous position was to manage the sales and marketing of financial
futures at MVB Futures Limited. This involved the marketing of the
group's expertise and services in the financial futures market to an
international client base.

Previous to MVB Futures, Craig held broking and sales positions at
Merrill Lynch International, Mitsui Trust International, Fimat
International Banque S.A and its subsidiary, Cannon Bridge Corporation.

Craig also holds a qualification from the Securities and Futures
Authority in Futures and Options.

Graham Mansfield, Deputy Managing Director, Kalahari Limited said:
"k.A.C.E. has been capable of pricing energy instruments for some time
now, using the energy calculations embedded in the system. It is
refreshing to have someone on board who can concentrate full time on
pushing the product into the expanding energy trading market place."

He added: "Craig brings a lot of relevant experience to the company, and
we are delighted to welcome him to the team."

k.A.C.E. (Kalahari Advanced Calculation Environment) is an intelligent
price discovery system from Kalahari. It is designed as a superior
pricing tool for traders in banks, money broking firms, corporations and
other trading institutions and has flexibility that allows bespoke
design for each customer's requirements.

With over 1600 calculations embedded into the system from the best maths
library experts in the industry, along with Kalahari's own libraries,
k.A.C.E. is capable of pricing the most complex financial instruments,
including overnight index swaps, currently traded within the money and
energy markets.

Although the existing k.A.C.E. system can be used for energy trading,
Kalahari is working with Spectron, the largest independent energy
brokers in Europe, in order to develop a new pricing system specifically
for the energy markets. The new pricing system, to be called k.A.C.E.
Energy, will be jointly developed by Kalahari and Spectron and will be
based on k.A.C.E.

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