Trading Statement

Adamind Ltd
22 June 2006


22 June 2006

                                  Adamind Ltd

                          ("Adamind" or the "Company")


                               Trading Statement

Adamind Ltd, a leading global supplier of media adaptation software in the 
mobile messaging, content and convergence services markets, provides the 
following trading update.

The Company expects the 2006 revenue split to be substantially weighted towards 
the second half due to:

• delays in customer upgrades via channel partners, in particular, the
  Company's largest channel partner;

• delays in the completion of a number of content deals; and

• increased emphasis on direct sales which have a longer sales cycle

As a result, the Company will report revenues substantially below market 
expectations for the first half of 2006.

However, the Company still believes it will deliver significant year on year
growth in revenue and customer base. The Company's largest channel partner,
referred to above, has now begun its customer upgrade programme and a number of
discussions relating to content deals are at an advanced stage.

Adamind has continued to make further progress during the first half of 2006,
including:

• capacity and feature upgrades to existing customers in Western Europe;

• expansion of its global footprint into new fast growing markets
  including China and India;

• finalising the upsell of new products with existing channels, for example, 
  device management and media adaptation for service delivery platforms;

• continued progress with content providers, including the first content
  application service provider being launched with a customer in Malaysia;

• early stage progress in the convergence market around fixed and mobile
  internet content delivery; and

• the Company's media adaptation software has been deployed by more than
  100 networks including Verizon Wireless, North America's leading mobile 
  network, Taiwan Mobile and Universal Music Mobile US, a subsidiary of 
  Universal Music Group.

Adamind's pipeline of new orders for the second half and beyond remains strong
and the Company continues to make steady progress towards signing new licensing
deals as well as capacity upgrades from network operators and content owners
worldwide. However, the outcome for the first half means that there is a strong
likelihood that the results for the full year will be lower than expected.

The Company's balance sheet remains robust with net cash of $24.3m as at 31 May
2006.



Enquiries:

Adamind                        [phone] on the day and thereafter
Shailendra Jain, CEO           [phone]

Corfin Communications
Harry Chathli, Neil Thapar     [phone]



Notes to the Editor

About Adamind

Adamind Ltd, whose shares are listed on London's AIM market (Ticker: 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(TM) 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,
Huawei, Accenture, LogicaCMG, Motorola, Openwave, Critical Path and CBOSS.
www.adamind.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange