Korea Teachers Pension Fund

Licenses Kamakura Risk Manager
Unisys Korea Acts as System Integrator for Kamakura’s 9th Korean Client

HONOLULU, August 23, 2002-- Honolulu-based Kamakura Corporation announced today that the Korea Teachers Pension Fund has adopted Kamakura’s market risk software suite Kamakura Risk Manager-var for market risk and investment analysis. The Fund provides pensions for its more than 200,000 member teachers and has reserves of more than 3,365 billion Korean won. Korea Teachers Pension Fund is the ninth financial services organization in Korea to adopt the Kamakura Risk Manager as its risk engine. Unisys Korea, Limited, a subsidiary of Unisys (NYSE: UIS) is acting as systems integrator on the project, the eighth Kamakura Risk Manager installation by Unisys world-wide. As part of the project, Kamakura Risk Manager will be fully integrated with third party back office and investment management performance measurement systems.

"Korea Teachers Pension fund is the first "buy side" institutional investor to employ the Kamakura Risk Manager system. We expect many more sophisticated institutional investors to employ Kamakura’s fully integrated approach to credit risk, market risk, liquidity risk, and asset and liability management," said Dr. Donald R. van Deventer, President and Chief Executive Officer of Kamakura Corporation. "The distinction between fund managers and other types of financial services companies is disappearing rapidly, and Kamakura’s fully integrated approach has equal applicability in fund management, banking, insurance, and the securities industry. Kamakura has clients in all of those industries, using identical versions of Kamakura Risk Manager."

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