Redknee Takes Operators Beyond Flat-Rate Tariffs

TORONTO - Million-Dollar Deal Sees European Operator Among First to Offer Subscribers Benefits of Flexible Pricing Plans and Fair-Usage

Redknee (TSX: RKN), a leading provider of mission-critical software and solutions for communications service providers, today announced that a European wireless operator will be the first to deploy Redknee’s newly enhanced Next Generation Rating and Charging (NGRC) platform, version 6.0. Redknee’s newest release of NGRC enables operators to provide flexible tiered offerings and dynamic subscriber controls for mobile data and broadband services.

Redknee is encouraging operators to roll out flexible tiered pricing models where the subscriber can choose how to pay for different services by allocating charges towards prepaid, postpaid or one-time accounts in real time. By moving away from restricted flat-rate plans, Redknee’s NGRC 6.0 provides subscribers with the flexibility to adopt new services, and operators the ability to provide innovative business models to increase the adoption of data services.

NGRC 6.0 provides subscribers with the visibility and control they want with respect to their usage limits. It also gives them the flexibility to exceed these usage limits with service upgrades or temporary bandwidth boosting capabilities. With real-time communication between the subscriber and operator at the time of each initial service transaction, subscribers are encouraged to manage their own accounts through self-care options, and ultimately, to better control and manage their communication costs.

The new NGRC 6.0 platform will help drive subscriber adoption of the operator’s 3G network and services, making Internet access available to more of the region’s population. It is anticipated that revenue from this contract will be realized in Redknee’s 2009 fiscal year.

Lucas Skoczkowski, CEO, Redknee, said, “We are pleased to provide solutions to help operators enhance their relationships with their subscribers and bring added flexibility and clarity to how operators charge for and bundle wireless data services and applications. Redknee’s tier-one customers, as well as our high growth market customers, now have full access to our advanced solutions, enabling operators to forge long-lasting relationships with their subscribers as they launch new 3G and mobile broadband services.”

For more information about Redknee, visit www.redknee.com.

About Redknee:

Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee’s award-winning solutions enable operators to monetize the value of each subscriber transaction while personalizing the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee’s revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 70 network operators in over 50 countries. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information, visit www.redknee.com/.

Caution Regarding Forward-Looking Information:

This release contains forward-looking information within the meaning of applicable securities laws (”forward-looking statements”) that include Redknee’s preliminary unaudited estimate of revenue expected to be realized in fiscal 2009 from an order and product performance. . Such forward-looking statements are not promises or guarantees and involve known and unknown risks, uncertainties and other factors and assumptions that may cause the actual results, performance or achievements of Redknee, or developments in Redknee’s business or industry, to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to: deployment scheduling, product performance, technological change and changes in the industry in which Redknee competes; changing global economic conditions and uncertainties; the impact of foreign currency exchange rates; credit and collection risk; departure of key personnel; departures of key customers; and other risks detailed from time to time in the Company’s filings with the Ontario Securities Commission including Redknee’s Annual Information Form dated for the fiscal year ended September 30, 2008. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Redknee does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

For additional information please contact: Media Relations Contacts: Ashleigh Young Mi liberty +44(0)207-751-4444 ayoung@miliberty.com Mark Yaphe, Vice President, Product Management & Marketing +1-905-625-2298 mark.yaphe@redknee.com Redknee Solutions: David Charron, Chief Financial Officer +1-905-625-2943 david.charron@redknee.com

Source: Redknee Solutions Inc

For additional information please contact: Media Relations Contacts: Ashleigh Young, Mi liberty, +44(0)207-751-4444, ayoung at miliberty.com; Mark Yaphe, Vice President, Product Management & Marketing, +1-905-625-2298, mark.yaphe at redknee.com; Redknee Solutions: David Charron, Chief Financial Officer, +1-905-625-2943, david.charron at redknee.com