Company Update

Adamind Ltd
26 July 2007


26 July 2007

                                  Adamind Ltd
                           (Adamind or "the Company")

                                 Company Update

The Board of Adamind today updates the market following its full year results
announcement on 14 April 2007.

As of July 17th, the Company had $24.44m in cash plus $550,000 in escrow (from
the Mobixell Networks (Israel) Ltd transaction). The Company began converting
its US cash balance to pounds sterling a few months ago. The total balance now
includes: £9.446m and €484,000 and the rest in US dollars.

Following the closing of the deal with Mobixell, the Company has taken specific
measures to reduce its cash burn. The cost structure is currently comprised of
the following: board members' payments, management payroll, the AIM and FSA
related expenses and a limited number of essential service providers.

Adamind continues to co-operate with the FSA with a view to securing a timely
resolution of the investigation; and will provide a further update as and when
appropriate.

The Company also announces that it has received a number of preliminary
approaches from a number of entities & individuals who have expressed an initial
interest in acquiring the whole or part of the Company. The Company will keep
the market abreast of any development on this front in the future.

Enquiries

Corfin Communications
Neil Thapar, Harry Chathli                      [phone]




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