Upgrade Agreement

Adamind Ltd
14 November 2006


   ADAMIND COMPLETES FIRST STAGE OF MULTIPLE CAPACITY UPGRADE AGREEMENTS WITH
                              CARRIER IN THE U.S.

Adamind's SpireTM Platform continues to enable carrier's multimedia content 
         adaptation capabilities as capacity requirements increase

Palo Alto, California. 14 November, 2006: Adamind (LSE: ADA) ("Adamind" or the
"Company"), a global supplier of software that enables mobile multimedia content
and converged communications services to be experienced over any device or
network, announces that it has completed the first stage of a multiple capacity
upgrade agreement with a carrier customer in the U.S through one of its
Multimedia Messaging Service Center (MMSC) OEM channels.

This agreement will generate revenues of approximately $500k for Adamind and are
factored into the revenue guidance for full year 2006 provided by the Company on
30 August 2006.

Shailendra Jain, CEO of Adamind said: "These capacity upgrades demonstrate that
operators are seeing an increase in MMS traffic and expect this to rise further
over the holiday season. Since the installation of the Adamind SpireTM platform,
the carrier has witnessed a multiple fold increase in its rich-media messaging
traffic."

Cindy Andreotti, former President of Enterprise Markets at MCI and currently
Strategic Advisor at Adamind adds, "While overall subscriber acceptance and
global uptake of MMS has been relatively slow, recent reports are indicating a
systematic upswing particularly in the United States. Adamind is well positioned
to accommodate this growing demand in messaging and content services."

According to quarterly statistics released by operators and statistics published
by Informa Telecoms & Media, the United States is the global frontrunner in 
terms of MMS traffic. The CTIA Semi-Annual Wireless Industry Survey reports that 
MMS messages sent during the month of June 2006 (1.1 billion) were equivalent to 
the total number of MMS messages delivered during the entire first six months of
2005. According to a recent report by M:Metrics, MMS in the US has increased by
32% in the last six months.

Enquiries

Adamind
Shailendra Jain, CEO                             + 1-801-2319076

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. Adamind has 
over 100 deployments in some of the world's major mobile operator networks and 
content providers such as Universal Mobile Music and 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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