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NEW YORK, N.Y., February 8, 2001 (BUSINESS WIRE) - Caminus Corporation (Nasdaq: CAMZ), a leading provider of software solutions and strategic consulting services to participants in the competitive energy markets throughout North America and Europe, today announced record results for the year and quarter ended December 31, 2000.

Revenues for the quarter ended December 31, 2000 increased 106% to$17.3 million, compared to$8.4 million for the fourth quarter of 1999. Revenues from license fees for the quarter increased 98% to$8.8 million, compared to$4.4 million for the fourth quarter of 1999. For the year ended December 31, 2000, revenues increased 92% to$51.7 million, compared to$26.9 million for the year ended December 31, 1999. Revenues from license fees for the year ended December 31, 2000 increased 96% to$24.6 million, compared to$12.5 million for the year ended December 31, 1999.

Pro forma net income was $2.9 million, or $0.18 per diluted share, for the fourth quarter of 2000, compared to$0.8 million, or $0.07 per diluted share, for the fourth quarter of 1999. For the year ended December 31, 2000, pro forma net income was $7.6 million, or $0.49 per share, compared to$1.6 million, or $0.15 per diluted share, for the year ended December 31, 1999. Pro forma net income and pro forma net income per share exclude amortization of intangible assets (in connection with acquisitions made in 1999 and 2000), write-off related to relocation, non-cash compensation, write-off of financing fees and expenses triggered as a result of the initial public offering (effective January 27, 2000) and include a pro forma income tax provision for the 1999 periods and for the period January 1, 2000 through January 27, 2000.

Caminus was a limited liability company for all of 1999 and for the period January 1, 2000 through January 27, 2000, and was taxed as a partnership for Federal and state income taxes. Net loss for the three and 12 months ended December 31, 2000 was $0.5 million, or $0.03 per share, and $15.5 million, or $1.04 per share, respectively, compared to a net loss of $2.4 million, or $0.26 per share, and $8.6 million, or $1.01 per share, for the three and 12 months ended December 31, 1999, respectively.

"We have seen excellent performance for the year and in the past quarter as we continue to build on our market leadership," said Caminus President and CEO David Stoner. "In the fourth quarter we saw a continuation of our ability to add major new energy enterprises of all types to our customer list, including Vatenfall, one of Europe's largest energy companies serving the Nordic region; IDACORP Energy, a top ten U.S. energy marketer; ACES Power Marketing, a Midwestern federation of power supply and marketing services; Tractabel Energy Marketing, the North American arm of Belgium's largest energy company; AES Europe, one of the world's largest independent power producers; and El Paso Merchant Energy, one of the largest gas-to-power companies in the world and owners of one of North America's largest natural gas pipelines.

"This has also been a year of transitions for us. Mark Herman, our CFO, has been recruited away to join a private company, and we wish him well in this new venture. We have an aggressive search underway for a seasoned public company CFO who can provide us with the experience to take Caminus to the next level," said Stoner.

"We began the year by completing a successful January IPO and ended it with our share price up 41%," Stoner said. "We achieved strong pro forma earnings in each of the four quarters. Our customer base grew more than 50% during the year to over 150 customers. These excellent results have culminated from the strategic acquisitions, professional sales force recruitment and development, and additions of subject-matter experts that have been our focus. It has been an extremely successful year and, we believe, one that is a precursor to what will be a very strong 2001."

Caminus Fourth Quarter Conference Call
Caminus will host a live Webcast conference call regarding fourth quarter earnings at 5:00 p.m. Eastern Time today, February 8. Please visit www.caminus.com about 15 minutes prior to5:00 p.m. To download and install any necessary audio software. A replay of the Caminus Q4 earnings teleconference can be heard at 888-266-2081 (U.S.)/ 703-925-2533 (International), Pass code number 4937607, beginning 8 p.m. ET on February 8 and running through 11:59 p.m. ET on February 15.

About Caminus Corporation
Caminus Corporation is a leading provider of software solutions and strategic consulting services to participants in energy markets throughout North America and Europe, including utilities, electrical power generating companies, energy marketers, electric power pools, gas producers, processors, and pipelines. Caminus offers a suite of software solutions and associated services to enable energy market participants to manage complex risk scenarios and effectively trade and manage energy transactions, addressing multiple energy commodities and types of risk across varied geographies. In addition, Caminus provides strategic consulting services with regard to these same and related market issues to many of the leading energy market participants.

Caminus currently has more than 150 energy enterprise customers of its software solutions and strategic consulting services. Many of Caminus' customers are leaders in the energy industry, including British Energy, Consolidated Edison, Conoco, and Powergen. Caminus is headquartered in New York, with offices in Houston and Dallas, Texas; London and Cambridge, UK; and Calgary, Canada. For more information about Caminus, visit its web site at www.caminus.com.

This press release contains forward-looking statements relating to Caminus Corporation's financial outlook for 2001, and such statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are Caminus Corporation's lengthy sales cycle, its dependence on large license agreements to meet revenue targets, competition in the energy industry, continued market acceptance of Caminus products, changes in customer requirements, Caminus Corporation's inability to manage its growth, governmental regulations, general economic conditions and the risk factors detailed from time to time in Caminus Corporation's periodic reports and registration statements filed with the Securities and Exchange Commission, including without limitation its Quarterly Report on Form 10-Q for the quarter ended September 30, 2000. Caminus Corporation expressly disclaims any obligation to update or alter any of its forward-looking statements, whether as a result of new information, future events or otherwise.

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