NetSol Technologies' President Purchases 100,000 Shares of Company Common Stock in Open Market

Transaction Follows Recent Purchase by Company's Chief Executive Officer

CALABASAS, Calif., Aug. 15, 2011 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, today announced that Salim Ghauri, the company's President and Head of the Asia Pacific Region, purchased 100,000 shares of NetSol Technologies' common stock on the open market at an average price of $0.83. This purchase follows prior purchases of 200,000 shares in February 2011 and 350,000 shares in May 2010, bringing Ghauri's ownership in NetSol to 5% on a fully diluted basis.

The transaction follows the purchase by the company's Chairman and CEO, Najeeb Ghuari, who acquired an additional 100,000 shares on August 9, 2011.

"This investment further reflects my conviction in NetSol, its products and employees," said Ghauri. "Our recent expansion in Bangkok, combined with the latest contract win in China, lends to my confidence in the company's future."

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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Forward-Looking Statements

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 "believes," "expects," "anticipates," "intends," variations of such words, and similar expressions, identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, 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. The subject Companies expressly disclaim any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

CONTACT: PondelWilkinson Inc.
         Evan Pondel (310) 279-5973
         [email protected]

Released August 15, 2011