NetSol Technologies Partnership With Neptune Software plc Extends the Reach of NetSol Financial Suite in Africa

EMERYVILLE, CA--(Marketwire - April 30, 2009) - NetSol Technologies, Inc. "NetSol" (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced a new partnership with Neptune Software plc, extending the reach of the NetSol Financial Suite (NFS) and LeaseSoft Evolve product in Africa, as leasing is rapidly expanding as a financing solution across the continent. The Neptune Software plc partnership will see NetSol's products and attendant professional services offered in more than 12 African countries.

Naeem Ghauri, NetSol Technologies, Inc. Head of Global Sales, commented, "We are delighted to announce our partnership with Neptune Software, whose experience, local expertise, and knowledge, when combined with the strength and functional depth of our LeaseSoft product range, will make for a compelling proposition to the African market."

NetSol's strategic partnership with Neptune Software plc, a specialist provider of banking solutions, focuses on the marketing, implementation, and support of NetSol's financial solutions to banks and financial organizations that wish to offer asset finance and leasing facilities to customers in Africa. A number of stakeholders including governments, the donor community, International Finance Corporation (IFC) and the leasing companies themselves are promoting leasing as an alternative source of equipment finance, particularly in the agricultural sector. Neptune Software plc was recently ranked as a global top five provider of international core back office banking systems to the finance industry by International Banking Systems (IBS) Journal.

Chibuzo Ene, Managing Director for East and Southern Africa for Neptune Software, commented, "With supporting legislation and regulation recently put in place, or imminently pending, in several African countries the average annual growth in outstanding lease volumes, which used to be above 10%, is likely to enter the 25% to 30% range. We believe this demand will fuel the need for more efficient software solutions, giving rise to a huge software and services market in the next few years. In partnering with NetSol, we have given ourselves and our customers a head start in developing their leasing capability to satisfy the increasing demands of their customers throughout Africa. We believe sales and delivery success will be achieved quickly and we look forward making further announcements very soon."

About Neptune Software plc

Neptune Software is a London-based provider of comprehensive system solutions for banks and financial services organizations. Established in 1999, Neptune, a privately-owned plc, has over 80 satisfied clients. Neptune Software has over 250 systems and banking professionals distributed among our offices in Europe, Africa, and Asia. The March 2009 ranking by IBS Journal, the industry's only rating agency ranks Neptune within the global top 5 providers of core banking systems to the financial services industry. Also, Neptune is one of only two suppliers to attain 4 gold star status from the World Bank. Neptune is also ISO 9001:2000 certified.

To learn more about Neptune Software plc visit www.neptunesoftwareplc.com

About NetSol Technologies, Inc.

NetSol Technologies, Inc. (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK) is a worldwide provider of global business services and enterprise application solutions. Since its inception in 1995, NetSol has used its Best Shoring™ practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Healthcare, Insurance, Energy, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Emeryville, California, NetSol Technologies has operations and offices in Adelaide, Beijing, Bangkok, Lahore, and London.

To learn more about NetSol Technologies, Inc., visit www.netsoltech.com

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NetSol Technologies, Inc. Forward-looking Statement

This press release may contain forward-looking statements relating to the development of the Company's products and services and future operation results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "anticipate," "intend," variations of such words, and similar expressions, identify forward-looking statements, but their absence does not mean that the statement is not forward looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance.

Contact Information: Contact: Investor Relations Christopher Chu Grayling Tel: +1-646-284-9426 Email: Christopher.chu@us.grayling.com