Warren Sherman President Kamakura Corporation 1-201-600-7542 wsherman@kamakuraco.com www.kamakuraco.com www.kris-online.com

FOR IMMEDIATE RELEASE:

Canadian Public Accountability Board Signs for Kamakura's KRIS Default Probability Service

HONOLULU, February 19, 2008: Kamakura Corporation reported today that the Canadian Public Accountability Board has subscribed to the Kamakura Risk Information Services (KRIS) default probability service. CPAB (also known as CCRC in French for "Conseil Canadien sur la Reddition de Comptes") is mandated to promote the integrity of public company auditing in Canada.

CPAB intends to use the KRIS default probabilities as early warning indicators of situations where increased scrutiny of an audit may be warranted.

"Kamakura's KRIS default probabilities use accounting ratios, macro-economic factors, and stock price-related inputs to predict corporate bankruptcies and other corporate failures," said Warren Sherman, Kamakura President and Chief Operating Officer. "The overall balance of these three inputs predicts corporate distress at all time horizons tested more accurately than major rating agency ratings. We are honored that CPAB-CCRC will incorporate the KRIS default probabilities as part of its audit monitoring process."

About CPAB-CCRC

CPAB's mission is to contribute to public confidence in the integrity of financial reporting of reporting issuers by promoting high quality, independent auditing. It is responsible for implementing an oversight program that includes regular and rigorous inspections of the auditors of Canada's public companies.

Le CCRC a pour mission de contribuer à la confiance du public envers l'intégrité de l'information financière publiée par les émetteurs assujettis en favorisant une vérification indépendante de haut calibre. Il est chargé de la conception et de la mise en application d'un programme de surveillance prévoyant des inspections périodiques rigoureuses des vérificateurs de compagnies publiques au Canada.

For more on CPAB-CCRC, please see www.cpab-ccrc.ca.

About Kamakura Corporation

Founded in 1990, Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura has been a provider of daily default probabilities and default correlations for listed companies since November, 2002. Kamakura launched its collateralized debt obligation (CDO) pricing service KRIS-CDO in April 2007. Kamakura is also the first company in the world to develop and install a fully integrated enterprise risk management system that analyzes credit risk, market risk, asset and liability management, transfer pricing, and capital allocation. Kamakura has served more than 160 clients ranging in size from $3 billion in assets to $1.6 trillion in assets. Kamakura's risk management products are currently used in 25 countries, including the United States, Canada, Russia, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Poland, Eastern Europe, the Middle East, Africa, Australia, Japan, China, Korea and many other countries in Asia. Kamakura has world-wide distribution alliances with IPS-Sendero and Unisys, making Kamakura products available in almost every major city around the globe.

For more information contact:

Kamakura Corporation
2222 Kalakaua Ave.
Suite 1400
Honolulu, HI 96815
Telephone: 1-808-791-9888
Facsimile: 1-808-791-9898
E-mail: wsherman@kamakuraco.com
Web site: www.kamakuraco.com