N@N

LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that all purchasers of the American Depositary Shares (aADSsa) of Camelot Information Systems Inc. (aCamelota or the aCompanya) (NYSE:CIS) between July 21, 2010 and August 17, 2011, inclusive (the aClass Perioda), including Camelot ADSs acquired pursuant or traceable to the Companyas Registration Statements and Prospectuses issued in connection with the Companyas July 21, 2010 initial public offering and December 10, 2010 Secondary Offering, have until March 5, 2012 to file a motion with the Court to be appointed as Lead Plaintiff. The securities fraud class action lawsuit was filed in the United States District Court for the Southern District of New York.

Camelot, through its subsidiaries, provides enterprise application services and financial industry information technology (IT) services. The Complaint alleges that the Company and certain of its executive officers and/or directors misrepresented or failed to disclose material adverse facts about the Company's business and financial results, including that: (1) the Companyas IT professionals were not a competitive advantage to the Company and many were dissatisfied with Camelot, which would adversely affect Camelotas ability to retain its customers; (2) the Company was suffering from undisclosed attrition of employees, which was negatively affecting the Companyas ability to attract new customers; (3) the Company misrepresented the numbers of highly trained professionals at its disposal; and (d) Camelotas contract with its most important customer, IBM, was not as solid as represented and would not be renewed on the same terms.

If you purchased Camelot ADSs between July 21, 2010 and August 17, 2011, you have certain rights, and have until March 5, 2012 to move for lead plaintiff status. To be a member of the class you need not take action at this time; you may retain counsel of your choice or take no action and remain an absent class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to [ shareholders@glancylaw.com ], or visit our website at [ http://www.glancylaw.com ].

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.