Camelot Information Systems Appoints Mr. Bo Chen as Independent Director

BEIJING, May 7, 2012 /PRNewswire-Asia-FirstCall/ -- Camelot Information Systems Inc. ("Camelot" or the "Company") (NYSE: CIS), a leading domestic provider of enterprise application services and financial industry information technology services in China, today announced that the Company has appointed Mr. Bo Chen as an independent director to its Board of Directors, effective May 2, 2012.

Mr. Chen is a seasoned professional with over a decade of experience in the IT service and consulting industry. He most recently served as Corporate Vice President, Chairman of the China Country Board, and President of Greater China at Capgemini. Prior to that, he served in senior positions at several global IT service providers and consulting firms, including a stint as Executive Vice President of the Technology Solution Group of Greater China at Hewlett-Packard and as Global Vice President, President of Greater China at BearingPoint. Mr. Chen is also an Executive Strategy Advisor for the Shanghai municipal government and a member of the Performance Evaluation and Compensation Design Committee of Shanghai's State-owned Asset Supervision and Administration Commission (SASAC).

"We would like warmly welcome Mr. Chen to Camelot's Board of Directors," stated Mr. Simon Ma, Camelot's Chairman and CEO. "We expect Mr. Chen's broad experience accumulated at several leading global IT service providers to bring tremendous benefits to us and our shareholders. We look forward to working closely with Mr. Chen."

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 its 2010 revenues and the number of SAP consultants as of December 31, 2010, according to International Data Corporation ("IDC"). IDC also ranked Camelot the number-one service provider in the banking testing market in 2010. 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 automobiles, technology, as well as telecommunications, media and education.

SAFE HARBOR

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. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's growth strategies, the Company's ability to attract and retain skilled professionals, the market of IT services in China, the wages of IT professionals, the Company's ability to serve, retain, and attract customers. Further information regarding these and other risks is included in Camelot's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. 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.