Trading Statement

Adamind Ltd
14 December 2006


14 December 2006
                                  Adamind Ltd
                          ("Adamind" or "the Company")

                      Trading Update and Strategic Options

Adamind, a leading global supplier of media handling software in the mobile
messaging, content and convergence services markets, today provides an update on
trading and discussions with potential strategic partners.

Trading update
At the time of the Company's interim results, the Board of Adamind announced a
series of decisive steps undertaken to address the challenging market conditions
faced by the Company. These steps included the appointment of Orna Berry as
Executive Chairperson, and the strengthening of the Company's management team
through the recruitment of CFO Gideon Marks, Strategic Advisor Cindy Andreotti,
and others.

The Company is experiencing significant improvement in its financial performance
in the second half of the year. As of today, Adamind's revenues total around
$5.75m year to date. The Company has additional deals in process and is on track
to achieve revenues for the full year in line with guidance provided at its
interim results.

Significant progress has also been made on the Company's pipeline of new orders
in the second half of 2006, resulting in a total order book of $8 million to
date.

Cash balances at 30 November 2006 amounted to $20.8 million, which represents
approximately 30 pence per Adamind share.

Strategic options
As previously announced, the Board of Adamind has been actively pursuing a range
of alternative proposals with a view to maximising shareholder value. While a
number of parties expressed an interest in exploring a potential
deal, discussions with two third parties in particular have progressed beyond
the preliminary stage.

The Board remains committed to achieving the best possible outcome for
shareholders in the Company, and expects to conclude this process over the
coming weeks. Further announcements will be made as appropriate in due course.

EGM
As noted above, the Company's Executive Chairperson Orna Berry has increased her
involvement with the Company's day to day operations over the latter half of the
year. Accordingly, the audit committee of the Board of directors of the Company
and the Board itself have approved new terms of remuneration for Orna Berry,
which under Israeli Company law are also subject to shareholder approval. A
circular has today been sent to shareholders outlining the proposed terms of
remuneration and convening an Extraordinary General Meeting of the shareholders
of the Company, which will be held at 10 a.m. on 19 January 2007 at the offices
of Corfin Communications, 11th Floor, 78 Cannon Street, London EC4N 6HH. Copies
of this circular will be available free of charge during normal business hours
from the offices of Reed Smith, Minerva House, 5 Montague Close, London, SE1 9BB
for one month from the date of this announcement.

Enquiries

Adamind
Orna Berry, Executive Chairperson                   [phone]

Corfin Communications
Neil Thapar, Harry Chathli                          [phone]

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 SpireTM 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
110 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




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