Hallmark Financial Services Selects 3i Infotech’s PREMIA(TM) to Streamline Policy and Claim Administration

EDISON, N.J. -  December 5, 2005

3i Infotech (www.3i-infotech.com), a global provider of information technology solutions, announced that Hallmark Financial Services, Inc. (Hallmark) has signed a licensing agreement for PREMIA(TM). Hallmark engages primarily in the sale of property and casualty insurance products. Hallmark's business involves the marketing and underwriting of non-standard personal auto and commercial insurance. The Company is headquartered in Fort Worth, Texas and its common stock is listed on the American Stock Exchange under the symbol "HAF".

PREMIA(TM), 3i Infotech's integrated insurance management solution, will be deployed to manage the commercial business that is currently underwritten by Hallmark in six states. With the implementation of PREMIA(TM), Hallmark hopes to achieve improved efficiency in its business operations through the addition of automated functionality not available from its current systems.

"We chose PREMIA(TM) because it provides us a single integrated solution with enhanced functionality that includes automated workflow, imaging, and agent integration," stated Kevin Kasitz, President, Hallmark Financial Services. "An added benefit is the built-in Product Configurator, a user-friendly tool that will enable our staff to easily and quickly modify the solution based on necessity," he continued.

Gregg Birdsall, Chief Information Officer, Hallmark Financial Services added "The integration capabilities enable the seamless use of information services that are critical to our business and the highly configurable nature of the PREMIA(TM) Suite offers the flexibility we need without a long and costly development effort.

"We are excited to announce the first rollout of PREMIA(TM) for managing multiple lines of insurance across multiple states," said Vivek Sethia, Vice President - Insurance, 3i Infotech. "Because of PREMIA(TM)'s flexibility and rich functionality, we're able to provide Hallmark Financial with a single, proven, value-added system that will provide powerful functionality and streamline processes across its business divisions."

PREMIA(TM) provides powerful business functionality that supports rating and quoting, policy administration, billing, claims, reinsurance and accounting on a single platform and is supported by a single vendor as a single solution. The business benefits are further enhanced by a powerful reporting module that assists and supports the management in critical business decisions. For additional information please visit: www.3i-infotech.com/premia.

About 3i Infotech Inc (Formerly known as ICICI Infotech Inc)

3i Infotech (www.3i-infotech.com) provides information technology solutions through its range of solutions for insurance, banking, finance, manufacturing, retail and distribution, and e-Governance. It is one of India's top 5 software product companies and the fastest growing Indian software product company in FY 2004-2005, with respect to both domestic as well as overseas software product sales(a). The company is SEI CMM Level 5-compliant for its Software Services and the company is ISO 9001:2000 certified for its Infrastructure and Business Process Outsourcing Services.

Using its domain knowledge and through continuous investment in technologies, 3i Infotech helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, system integration services, IT infrastructure and disaster recovery solutions. 3i Infotech serves customers in 45 countries has a presence across 4 continents.

(a) Source: Dataquest Special Issue: Industry Overview (July 15, 2005)

Disclaimer: Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

CONTACT:

LEWIS PR
Christina Lau
617-454-1100
3i@lewispr.com

or

3i Infotech
Vivek Sethia
732-512 2475
Vivek.Sethia@3i-infotech.com