Successful 'Go Live' Sets Pace for Broader Market
                          Implementation

CALABASAS, Calif., Jan. 10, 2012 (GLOBE NEWSWIRE) -- NetSol
Technologies, Inc. (Nasdaq:NTWK), a worldwide provider of global IT and
enterprise application solutions, today announced the successful
implementation of the next generation of its NetSol Financial Suite
(NFS)(TM) for Kiatnakin Bank, a leading provider of financial services
to commercial and corporate sectors in Thailand.

The bank implemented NetSol's Repossession & Auction System, which is
part of the next generation line of NFS products. NetSol said the
bank's implementation is an example of how their new NFS solutions can
be highly customizable and at the same time meet the stringent
requirements of the financial services industry.

"We developed our new line of NFS products to deliver the highest level
of performance, while also adhering to the robust security measures
that industries, particularly financial services, require in today's
business environment," said Najeeb Ghauri, chairman and CEO of NetSol.
"Now that these products are going live, we look forward to continuing
to implement our next generation of NFS solutions for new and existing
customers."

About NetSol Technologies

NetSol Technologies, Inc. (www.netsoltech.com) is a worldwide provider
of global IT and enterprise application solutions that include credit
and finance portfolio management systems, SAP consulting and services,
custom development, systems integration, and technical services for the
global Financial, Leasing, Insurance, Energy, and Technology markets.
Headquartered in Calabasas, Calif., NetSol's product and services
offerings have achieved ISO 9001, ISO 20000, ISO 27001, and SEI
(Software Engineering Institute) CMMI (Capability Maturity Model)
Maturity Level 5 assessments, a distinction shared by only 178
companies worldwide. The company's clients include Fortune 500
manufacturers, global automakers, financial institutions, utilities,
technology providers, and government agencies. NetSol has delivery and
support locations in San Francisco, London, Beijing, Bangkok, Lahore,
Adelaide and Riyadh.

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http://www.globenewswire.com/newsroom/prs/?pkgid=9832

About Kiatnakin Bank

Kiatnakin (formerly Kiatnakin Finance and Securities Company Limited)
was founded in 1971. Later on in 2005, Kiatnakin began to officially
operate as a full-service commercial bank under the name "Kiatnakin
Bank Public Company Limited", with 67 branches now in operation in
Thailand and assets of Baht 150,000 million (US$4.8 billion). Kiatnakin
Group comprises of Kiatnakin Bank Public Company Limited, Kiatnakin
Securities Company Limited, (Kiatnakin Bank holding 99.99% of the total
shares), Erawan Laws Office Company Limited (Kiatnakin Bank holding
99.99% of the total shares) and Kiatnakin Fund Management Company
Limited (the Bank holding 60% of the shares).



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