Camelot Information Systems Announces Departure of Independent Director

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Feb 22, 2012, 08:00 ET

BEIJING, Feb. 22, 2011 /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 Mr. Claude Leglise has resigned his position as Independent Director for personal reasons, effective February 20, 2012.

"It has been a great pleasure to work with Mr. Leglise, and we appreciate his contributions to Camelot during his tenure with us," stated Mr. Simon Ma, Camelot's Chairman and CEO. The Company has begun the process of searching a qualified replacement for Mr. Leglise and will announce the new director when he or she has been appointed.

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.

Company Contacts:

Camelot Information Systems Inc.

Mr. Franklin King, Interim Chief Financial Officer

Tel: +86 (10) 8201 9008

E-mail: [email protected]

Ms. Jojo Guo, Investor Relations Manager

Tel: +1 (646) 371-6533

E-mail: [email protected]

Investor Relations Contacts:

CCG Investor Relations

Mr. Crocker Coulson, President

Tel: +1 (646) 213-1915