Camelot Information Systems Receives National Industry Award

BEIJING, February 28, 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 received an "Outstanding Project Implementation Award" to recognize its delivery quality for a "Banking Branch System" developed for China's Bank of Communications at the third-annual "China Sourcing" Conference (the "Conference") held last week.

The Conference is a nationwide annual event, which was sponsored by the Harbin Municipal Government this year. It is one of the most important annual events in China's domestic software and IT outsourcing industry.

The complete list of award results is included on the Conference's official website at http://www.csip.cn/ (in Chinese language).

"We are delighted to receive this high-level acknowledgement from China's IT outsourcing industry," stated Simon Ma, Camelot's Chairman and CEO. "While continuously expanding our market coverage and scale, we consistently focus on developing advanced technology and solutions that help our clients improve efficiency. The receipt of this award encourages us maintain our premium quality of service while we widen our market leadership."

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.

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.