Revenues exceed $20 mil for six months to 30 June

JADE SOFTWARE CORPORATION NEWS RELEASE

Christchurch, 7 August 2007

Jade Revenues exceed $20 million for six months to 30 June 2007

Jade Software Corporation (Jade) today announced that its revenue for the six months to 30 June 2007 totalled $20.946 million.

Commenting on the first half result, Jade Software Corporation Managing Director Dr. Rod Carr said, “A 17 percent increase in comparable after tax profit (excluding the impact of divestments which contributed $2.970 million in first half 2007 and $4.509 million in the comparable period last year), from $1.618 million to $1.891 million, is a good outcome in difficult trading conditions. We have been cash flow positive and profitable now for each quarter for the past 10 consecutive quarters.

The company reported that the trading environment for the first six months of the year has been difficult with high exchange rates, continued pressure on margins and increased competition from off-shore outsourcers. Excluding revenue associated with profits on the sale of our Health business from both years, revenue for the first half of 2007 was down marginally (4.4 percent) compared with same period last year.

Dr Carr said “Because 35 percent of our revenue is earned in British Pounds and 15 percent in Australian dollars, the high exchange rate in the first half of 2007 has put downward pressure on reported revenue from our core business when compared with last year.

“Looking ahead to the second half of 2007, we have a full order book and Jade is well placed to benefit from any decline in the exchange rate from present levels; even more so after our recent acquisition of Methodware Limited, which prices in US dollars.“

“The association with Indian IT Services provider CMC and the momentum Jade has achieved in its chosen markets of financial services, logistics, tertiary education administration, and HR and payroll have created plenty of opportunities. The recognition the company has gained for its capabilities in bespoke development and application hosting and monitoring is also very pleasing. The recent acquisition of Operational Risk Management software supplier, Methodware Limited will add to revenue and earnings while providing opportunities to accelerate growth in overseas markets. Further strategic acquisitions are being evaluated.” Dr Carr said.

ENDS

ABOUT JADE SOFTWARE CORPORATION

Jade Software Corporation (JSC) is a specialist technology services company with more than 25 years experience in helping organisations quickly respond to business, customer and supplier demands.

We create targeted solutions that enable responsive businesses to rapidly manage specific and complex information requirements. By combining our expertise and agile development methodology with the JADE™ technology platform, we’ve enabled customers worldwide to deliver business-critical information that provides strategic impact with the reliability and robustness that comes from a mainframe computing heritage.

More than 1,900 organisations across Europe, North America and Asia Pacific use JADE™ solutions to manage their specific information requirements. Our customers span multiple sectors, including logistics, shipping, finance and insurance, national security, health, education and human resource management.

In July 2007 Jade acquired Methodware Ltd a supplier of Operational Risk Management software since 1993. The software is distributed worldwide and used by over 600 organisations to enhance Governance, Compliance and Risk Management.

Jade is a privately owned New Zealand based company with offices in New Zealand, Australia, the United States, Canada and the United Kingdom.

For more information visit: www.jadeworld.com

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