Camelot Information Systems Inc. Appoints Citibank Veteran Dipak Kumar Rastogi to its Board of Directors

BEIJING, May 18, 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 ("IT") services in China, today announced the appointment of Mr. Dipak Kumar Rastogi as an independent director on the Company's Board of Directors.

Mr. Rastogi is CEO of Citi Venture Capital International (CVCI) and has held that position since 2001. He is also Chairman of CVCI's Fund I and Fund II Investment Committees and is on the Investment Committee of Stirling Square Capital Partners. Mr. Rastogi joined Citibank in 1982, and in his distinguished career there, he served in many roles, including Group Executive Head of 38 countries in Europe, the Middle East, and Africa; Executive Vice President and Co-Head of the Global Markets business; Head of the Global Derivatives business; Global Co-Head of Corporate Finance; as well as various positions at Citigroup in Canada including Head of Trading and Structured Finance. He holds an M.B.A. degree from the Richard Ivey School at the University of Western Ontario. Mr. Rastogi has previously served on the boards of several global IT Services companies including Keane International, Polaris Software and i-Flex Solutions.

Mr. Simon Ma, Camelot's Chairman and CEO stated, "We are very pleased to welcome Mr. Rastogi to Camelot's Board of Directors. Our Company will benefit greatly from his experience and the perspectives accumulated during his nearly three decades of service at CVCI and Citibank. His knowledge of the IT-services industry and his experience in successfully building large international businesses for Citi around the globe will be a tremendous resource as Camelot continues its expansion.  We look forward to benefiting from his tremendous sector and financial experience and knowledge."

About Citi Venture Capital International

Established in 2001 as part of Citi, CVCI is a leader in global emerging markets private equity investing, and currently manages over $7 billion in equity investments and committed capital. CVCI has an internationally integrated investment team with over 45 professionals worldwide with a local presence in Singapore, Mumbai, New Delhi, Hong Kong, London, New York and Santiago. CVCI-advised funds have made significant investments in Business Services and Cross-Border Outsourcing companies and have an established track record of investments in this sector and a global perspective of the trends and drivers in the industry.  Over the last decade, funds and entities advised by CVCI have invested in business services and IT Services companies in China, the U.S., India, Mexico, and Korea.

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 www.camelotchina.com.

Forward Looking Statements

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.

SOURCE Camelot Information Systems Inc.