Camelot Contemplates Filing a Proposed Offering of its American Depositary Shares by Certain Pre-IPO Institutional Financial Investors

BEIJING, Nov. 18, 2010 /PRNewswire-Asia/ -- Camelot Information Systems Inc. (the "Company") (NYSE: CIS) today announced that it is contemplating the filing of a registration statement with the United States Securities and Exchange Commission (the "SEC") relating to a proposed offering of its American Depositary Shares by certain pre-IPO institutional financial investors of the Company, subject to market conditions and other factors. Each ADS represents four ordinary shares of the Company. 

The Company would not receive any of the proceeds from this proposed offering. The number of ADSs proposed to be offered and the price for such an offering have not yet been determined. The purpose of the offering is to monetize the investments of the Company's pre-IPO institutional financial investors participating in the offering and to provide greater liquidity of the Company's ADSs in the market by increasing the public float.

A registration statement relating to the ADSs has not been filed with the SEC, and if filed, would not immediately become effective. The ADSs may not be sold, and offers to buy may not be accepted, prior to the time the registration statement for such offering becomes effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy ordinary shares or ADSs of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Camelot Information Systems Inc.

Camelot is a leading domestic provider of enterprise application services and financial industry information technology ("IT") services in China, focusing on the high end of the IT value chain. The Company is the largest domestic provider of SAP-based Enterprise Resource Planning services in China as measured by 2009 revenue and by number of SAP consultants as of December 31, 2009. Camelot also operates in other areas of the Asia Pacific region, including Taiwan and Japan. The Company provides services to a wide range of industries, including financial services, resources and energy, manufacturing and automobile, technology, as well as telecommunication, media and education. For more information about Camelot Information Systems Inc., please visit http://www.camelotchina.com.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties that could cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Further information regarding these and other risks is included in Camelot's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1, as amended from time to time. Camelot does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.