Adamind’s media adaptation platform will enable one of Europe’s top five networks to upgrade its multimedia services for tens of millions of subscribers

Palo Alto, California. 26 June, 2006: Adamind Ltd. (LSE: ADA) (“Adamind” or the "Company”), a global supplier of software that enables mobile multimedia content and converged communications services to be experienced on any handset or network, announces that it has won a major contract with from one of Europe’s top five mobile networks. Adamind will receive an upfront license fee as well as revenues from capacity upgrades due to increases in rich media content traffic.

The deal is typical of second generation tenders where existing carrier infrastructures are being replaced or updated in order to accommodate larger scale rich media content deployments.

Under the terms of the contract, the Company’s media adaptation platform, MediaSpire™, will be deployed in one of Europe’s largest countries to upgrade the operator’s existing multi media messaging services to include video based applications and greater capacity to handle an expected increase in demand from subscribers. Adamind expects to recognise revenues of approximately $1m over a 24 month period.

Adamind’s software will be integrated with the mobile network infrastructure from one of the world’s largest telecom equipment vendors at the heart of the operator’s network. Based on Open Mobile Association (OMA) standards, MediaSpire™ is intended to support a significant increase in demand for video-based services to be launched by the operator later this year. These services include person to person applications (e.g. family video clips) and application to person (e.g. news clips and video downloads produced by content owners) applications.

Shailendra Jain, CEO of Adamind said: "We are gaining traction in the European market and this win reflects the growing demand for Adamind’s software from the world’s top network operators. This is one of several deals we expect to close in Europe with this particular telecom infrastructure vendor over the coming months.”

Adamind addresses the interoperability challenge that exists between different mobile devices to receive and process media rich content. To achieve the best possible experience, content needs to be transcoded – adapted and released in device-specific versions that comply with the requirements of each cell phone model according to its capabilities and the network attributes. The win represents a major milestone for Adamind in terms of gaining traction in the European market.

Enquiries:

Adamind
Shailendra Jain, CEO:	+44 20 7929 8989 on the day and thereafter
	+1 408 468 3961

Corfin Communications
Harry Chathli, Neil Thapar +44 20 7929 8989

Notes to Editor

About Adamind

Adamind (LSE: ADA) is a provider of software that enables mobile multimedia content and converged communications services. The company addresses the interoperability challenge that exists between different mobile devices to receive and process media rich content. The Adamind Spire™ platform provides media adaptation and enhancement software enabling service operators to successfully deploy messaging, content and next generation convergence services; generate new revenue streams; and drive key new value-added-services (VAS) enablers such as advertising, branding, DRM and anti-abuse support. With over 100 deployments in some of the world's major mobile operator networks and content providers such as Universal Mobile Music, Adamind is strategically poised to enable the promise of the Mobile Lifestyle revolution. Adamind has strategic relationships with major infrastructure vendors and system integrators including Ericsson, HP, IBM, Accenture, LogicaCMG, Motorola, Openwave, Critical Path and CBOSS.  . www.adamind.com