Kamakura Names Phil Jones General Manager for Japan Risk Management Software and Information

Kamakura Corporation announced today that Phil Jones has been named head of Kamakura's risk management software and risk management information business in Japan. Mr. Jones, a 22-year veteran of the credit ratings business in Japan, assumes his duties effective immediately. Mr. Jones, who is fluent in Japanese, is a graduate of Stanford University and Indiana University.

"Kamakura is very proud to have Phil Jones on the Kamakura team," said Donald R. van Deventer, Kamakura Chairman and Founder. "Phil combines an international outlook on risk management with extensive experience in Japanese financial markets, particularly from a credit risk perspective. Kamakura's continuous 15 year presence in Japan is the longest of any international risk management vendor. We believe that Mr. Jones' sterling reputation and experience will provide even more value to the risk management clients of Kamakura."

"Kamakura is the world leader in enterprise risk management software and default probability modeling with a multiple models approach," said Mr. Jones. "Over the last ten years, major Japanese financial institutions and corporations have been preoccupied with the aftermath of the bubble economy. One of my duties in this new role is to bring Japanese institutions to the forefront of world-wide best practice in risk management. This will be key, not only to the future success of Japanese banks and corporates, but also for efficient capital allocation and therefore to maintain Japan's stability and growth. At the same time, it is important to incorporate the insights of the Japanese bubble, subsequent crash and current recovery into Kamakura's world-wide default probability modeling."

Kamakura is offering free trials of its international KRIS default probability service to qualified institutions. For more information on Kamakura's free trial offer please visit the Kamakura Corporation website (http://www.kamakuraco.com/KRIS_overview.htm). More information can also be found in "Advanced Financial Risk Management," (John Wiley & Sons, 2004) by Kamakura's van Deventer, Kenji Imai, and Mark Mesler (available on Amazon (http://www.amazon.com/exec/obidos/tg/detail/-/0470821264/qid=1095967749/sr=1-1/ref=sr_1_1/104-2674830-1185538?v=glance&s=books)). "Advanced Financial Risk Management" was recently named "best finance book of 2004" on riskbook.com (http://www.riskbook.com/).

About Kamakura Corporation

Kamakura Corporation, founded in 1990, is a leading provider of risk management information, processing and software. Kamakura has been a provider of daily default probabilities for listed companies since November, 2002. Kamakura launched its business mortality model for unlisted companies in January 2004. Kamakura is also the first company in the world to develop and install a fully integrated credit risk, market risk, asset and liability management, and transfer pricing system. Kamakura has clients ranging in size from $3 billion in assets to $1 trillion in assets. Kamakura's risk management software is currently used in the United States, Germany, Canada, the United Kingdom, Australia, the Middle East, Africa, Japan, China, Korea and many other countries in Asia.

Kamakura's research effort is led by Professor Robert Jarrow, who was named Financial Engineer of the Year in 1997 by the International Association of Financial Engineers. Professor Jarrow and Dr. van Deventer were both named to the 50 member RISK Hall of Fame in December 2002. Kamakura management has published twenty-one books and more than 100 publications on credit risk, market risk, and asset and liability management. Kamakura has world-wide distribution alliances with IPS-Sendero (http://www.ips-sendero.com/ ) and Unisys (http://www.unisys.com/index.htm), making Kamakura products available in almost every major city around the globe.

Distributed by Market Wire