NEW YORK, July 27, 2010:  Kamakura Corporation and Trepp, announced Tuesday that the Kamakura Risk Manager (KRM) enterprise risk system will offer direct access to Trepp's CMBS Deal Library for the integrated simulation in KRM of interest rate risk, GAAP net income, market risk, credit risk, liquidity risk, stress testing, and capital needs for portfolios which include CMBS-related structured products. Trepp is the leading provider of CMBS and commercial mortgage information, analytics and technology to the global securities and investment management industries. Kamakura Risk Manager was rated the number one asset and liability management system and liquidity risk system by both Chartis and by the RISK Technology 2009 Survey.  Kamakura was also rated one of the top three risk information providers in the RISK 2008 Survey for its Kamakura Risk Information Services default probabilities for public firms and sovereigns.

The Trepp CMBS Deal Library is the largest commercially available database of CMBS and the industry's standard model set that drives CMBS secondary trading worldwide. Trepp's Deal Library contains comprehensive information and history on the deals, loans and properties within the global securitized commercial market.

David Boldon, Washington DC representative for Kamakura Corporation, said today, "Commercial mortgage-backed securities are a major asset class for the Kamakura Risk Manager and Kamakura On-Line Processing Services client base.  Adding Kamakura Risk Manager access to the Trepp CMBS Deal Library will result in a dramatic increase in the accuracy with which KRM can analyze the GAAP net income, cash flows, stress tests and default risk of portfolios which contain CMBS exposure. This analysis is reflected consistently in the integrated interest rate risk, market risk, credit risk, capital analysis, liquidity risk analysis, Solvency II and Basel II and III analytics in KRM. We are very pleased to announce this agreement with Trepp, which is a logical extension of Kamakura Research Director Robert Jarrow's research in commercial mortgage backed securities." For a copy of Professor Jarrow's CMBS research, please access this publication in the research section of www.kamakuraco.com (registration is required).

"Commercial Mortgage Backed Securities (CMBS) and Market Efficiency with Respect to Costly Information," Real Estate Economics, 36 (3), (2008), (by Robert Jarrow with Andreas Christopoulos and Yildiray Yildirim).

Thomas Fink, Managing Director at Trepp, said Tuesday, "We are extremely pleased to have Kamakura as a partner in bringing best of breed risk analytics to the commercial mortgage-backed securities market.  Kamakura's 20-year history of innovation is a commitment to excellence that we share at Trepp. Professor Jarrow's 15-year relationship with Kamakura and his research using Trepp data makes this partnership particularly attractive to us."

For more on the Trepp CMBS Deal Library links in Kamakura Risk Manager, please contact Kamakura at info@kamakuraco.com

About Trepp

Trepp, LLC is the leading provider of commercial real estate finance information, analytics and technology to the securities and investment management industry. Their extensive deal coverage includes North American, European and Asian CMBS as well as Commercial Real Estate backed CDOs. The industry's largest broker dealers, originators, commercial banks and institutional investors rely on Trepp's suite of products for trading, risk management and surveillance. Headquartered in New York City with offices and representation in London and Shanghai, Trepp's expanding global product reach continues to increase information transparency and provide best-in-class solutions to clients worldwide.

About Kamakura Corporation

Founded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura, along with its distributor Fiserv, was ranked number one in asset and liability management analysis and liquidity risk analysis in the RISK Technology Rankings in 2009. Kamakura Risk Manager, first sold commercially in 1993 and now in version 7.1.2, was also named in the top five for market risk assessment, Basel II capital calculations, and for "risk dashboard." Kamakura was also ranked in the RISK Technology Rankings 2008 as one of the world's top 3 risk information providers for its KRIS default probability service.  The KRIS public firm default service was launched in 2002, and the KRIS sovereign default service, the world's first, was launched in 2008. KRIS default probabilities are displayed for 2000 corporates and sovereigns via the Reuters 3000 Xtra service. Kamakura has served more than 200 clients ranging in size from $3 billion in assets to $1.6 trillion in assets. Kamakura's risk management products are currently used in 32 countries, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, the Ukraine, Eastern Europe, the Middle East, Africa, Australia, Japan, China, Korea and many other countries in Asia.

Kamakura has world-wide distribution alliances with Fiserv, Sumisho Computer Systems, Unisys, and Zylog Systems making Kamakura products available in almost every major city around the globe.

For more information contact:

Kamakura Corporation
2222 Kalakaua Avenue, 14th Floor, Honolulu, Hawaii 96815
Telephone: 1-808-791-9888
Facsimile: 1-808-791-9898
Information: info@kamakuraco.com
Web site: www.kamakuraco.com