Caminus Files for Public Offering of Common Stock.

Business, Technology & Energy Editors

NEW YORK--(BUSINESS WIRE)--Feb. 19, 2002

Caminus Corporation (NASDAQ:CAMZ), a leading provider of software and strategic consulting services to energy market participants worldwide, today reported that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission for a proposed underwritten public offering of 3,370,000 shares of its common stock.

Of the 3,370,000 shares to be offered, the company will be offering 1,500,000 shares with the remaining shares offered by certain selling stockholders. The registration statement also covers an additional 505,500 shares that will be subject to an option granted to the underwriters for over-allotments, if any. Caminus will receive no proceeds from the shares offered by the selling stockholders.

The managing underwriters of the offering are Banc of America Securities LLC, Robertson Stephens and Wachovia Securities.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

A copy of the prospectus relating to the offering may be obtained from Banc of America Securities LLC, Prospectus Department, 9 West 57th Street, New York, NY 10019.

About Caminus Corporation

Caminus is a leading provider of software and strategic consulting services that facilitate energy trading, transaction processing, risk management, and decision support within the wholesale energy markets. Its integrated software solutions, which cover all functional areas across the energy value chain and handle all major energy commodities and financial instruments, enable energy companies to more efficiently and profitably trade energy, streamline transaction management, manage complex risk scenarios, and make optimal operational decisions.

Statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements relating to Caminus Corporation's financial outlook for 2002, 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 fluctuations in Caminus Corporation's quarterly results, the seasonality of its sales cycle, competition in the energy industry, Caminus Corporation's ability to manage its growth, risks associated with its international sales and operations, Caminus Corporation's ability to successfully integrate the acquisition of Altra Software Services and any future acquisitions, continued market acceptance of Caminus products, , governmental regulations, general economic conditions, terrorist attacks or acts of war, 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 Annual Report on Form 10-K for the year ended December 31, 2001, and other factors, if any, of which Caminus is not currently aware. 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.