Ma Gang Chooses Indus Solution to Manage Assets and Document Workflow.

Business Editors

ATLANTA--(BUSINESS WIRE)--March 15, 2004

Chinese Language Version of EMPAC and Curator Sold Through

Distributor North 22 Solutions

Indus International Inc. (NASDAQ: IINT), a leading provider of Service Delivery Management(TM) solutions, today announced a significant license contract with Ma Gang Holdings Limited, sold through Indus' reseller partner in China, North 22 Solutions Ltd. Ma Gang is one of China's largest iron and steel producers and the largest H-beam producer in China. The company selected Indus EMPAC(TM) and Curator(TM) solutions to support its asset and workflow management systems in order to increase operational efficiency, reduce costs, improve productivity and enhance value throughout its 11 H-beam production mills in China.

The Chinese language version of EMPAC and Curator was sold as part of a master software distribution agreement with Shanghai-based North 22 Solutions. Indus and North 22 Solutions have actively collaborated to develop fully functional Indus EMPAC and Curator solutions in the Chinese language to support the growing need for advanced EAM solutions in the Asian-Pacific market.

"The Indus EMPAC and Curator solutions provide an ideal fit for Ma Gang," said Mr. Alan Lau, CEO of North 22 Solutions. "The company is in the midst of reorganization processes to implement new technology that will help the company increase production and maintain employee efficiency while reducing costs. Now that we have software solutions such as EMPAC and Curator designed with the Chinese language, we believe Indus solutions are the best to fulfill the needs of other companies in China."

"In order to keep pace with global business there is a constant need to remain engaged with technology solutions for our industry," said Wei Yang, president of Ma Gang Holdings Limited. "The Indus solutions will help us adjust and adapt traditional industries to newer technology advancements and assist us in remaining a diversified provider of quality steel for the Chinese construction industry."

EMPAC features the industry's most scalable and flexible EAM system for complex asset intensive enterprises and global operations. The solution manages an enterprise's entire lifecycle of assets -- from disposition to retirement. Indus Curator extends the functionality of the EMPAC solution and enables clients to effectively manage and route documents to optimize the flow of information through their enterprise. Curator integrates enterprise document management, imaging, workflow and multimedia capabilities with EMPAC.

"This is a significant milestone for our presence in the Asia-Pacific market," said Greg Dukat, Indus president and CEO. "With our success in Japan and Southeast Asia, we can continue penetrating the market with our joint efforts with North 22 Solutions within China. Indus is the clear choice for companies like Ma Gang, who need the product functionality of EMPAC combined with our best-in-class expertise to provide the solutions that will bring their enterprise from a planned economy into a market economy and enhance the profitability of the company."

"This is a prime example of our successful partnership with North 22 Solutions," said Peter Wirth, President of Indus AANZ. "They fully recognize our value as a solution provider and have the acuity to recognize new customers such as Ma Gang that can fully benefit from our solutions. They have been a great partner, and we are looking forward to a long relationship moving forward."

About Ma Gang Holdings Limited

Ma Gang Holdings Limited belongs to Ma'anshan Iron & Steel Company Limited (Ma'anshan). Ma'anshan Iron & Steel Company Limited established in 1958 is one of the extra large iron and steel producers in China, the biggest industrial enterprise in Anhui Province. Annual production of iron reaches 4.5 million tons, steel reaches 4.5 million tons, and steel section reaches 4.2 million tons. Ma'anshan owns the biggest train wheel and tire production line and most advanced H-beam rolling mill in China with 15 production mills. Its products fall into four categories: wire rod, train wheel & tire, steel plate and steel section. In September 1993, Ma'anshan became one of the first batches of PRC state-owned enterprises to undergo reorganization into joint stock limited companies. After its reorganization, Ma'anshan was divided into two companies: Ma'anshan Iron & Steel Company Limited and Ma Gang Holdings Limited. The Limited Company issued shares to public, listed both in mainland and Hong Kong, and collected capital of 6.4 billion Yuan RMB. In recent years, the Company has successively completed the construction of a 2,500-cubic-meter blast furnace system, the first H-beam production line in China with an annual production capacity of 600,000 tons, bar mill, 3500m3/h Air Separation Unit, and beam blank continuous caster system. For more information, visit http://www.magang.com.cn/masteel/aboutus/.

About Indus International

Indus is a leading provider of Service Delivery Management (SDM) solutions, which help clients in a broad array of industries optimize the management of their customers, workforce, spare parts inventory, tools and documentation in order to maximize performance and customer satisfaction while achieving significant cost savings. Indus customer, asset and workforce management software products, professional services and hosted service offerings improve our clients' profitability by reducing costs, increasing capacity and competitiveness, improving service to their customers, facilitating billing for services and ensuring regulatory compliance. Indus solutions have been purchased by more than 400 companies in more than 40 countries, representing diverse industries -- including manufacturing, utilities, telecommunications, government, education, transportation, facilities and property management, consumer packaged goods and more. For more information, visit our Website at http://www.indus.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains statements, estimates or projections that are not historical in nature and that may constitute "forward-looking statements" as defined under U.S. federal securities laws. These statements, which speak only as of the date given, are subject to certain risks and uncertainties that could cause actual results to differ materially from our Company's historical experience and our expectations or projections. These risks include, but are not limited to, the successful integration of the acquisition of IUS, including the challenges inherent in diverting the Company's management attention and resources from other strategic matters and from operational matters, the successful rationalization of the IUS business and products, ability to realize anticipated or any synergies or cost-savings from the acquisition, current market conditions for Indus' and IUS products and services, Indus' ability to achieve growth in its core product offerings and the combined Indus/IUS offerings, Indus' ability to achieve projected revenues, gross margin, operating results and earnings, market acceptance and the success of Indus' and IUS products, the success of the Company's product development strategy, Indus' competitive position, the ability to enter into new partnership arrangements and to retain existing partnership arrangements, uncertainty relating to and the management of personnel changes, timely development and introduction of new products, releases and product enhancements, current economic conditions and the timing and extent of a recovery, heightened security and war or terrorist acts in countries of the world that affect the Company's business, and other risks identified from time-to-time in the Company's SEC filings. Investors are advised to consult the Company's filings with the SEC, including its 2002 Annual Report on Form 10-K, as amended, and subsequent quarterly reports for a further discussion of these and other risks.

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