Hallmark Financial Services Selects Majesco Policy as a Strategic Enterprise Platform

Press Release

Morristown, NJ –January 25, 2016– Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced that its client Hallmark Financial Services Inc. (Hallmark) has selected Majesco’s Policy for P&C as their strategic enterprise platform for the Hallmark Commercial Insurance Solutions  division. Commenting on the selection, Kevin Kasitz, President of Hallmark Commercial Insurance Solutions, said, “Hallmark offers a wide range of industry-focused specialty commercial products.  We chose Majesco for its robust pre-built content and ISO products that are designed to lower the implementation risk and cost while significantly increasing speed to market. We look forward to a long term partnership with Majesco”. Tarek Timol, Hallmark’s Group CIO added “Hallmark will implement Majesco Policy for the ISO lines of business including commercial package, general liability, commercial property, crime and fidelity, inland marine, commercial auto and commercial umbrella, consolidating these commercial lines onto Majesco Policy as the strategic enterprise platform.” “We are honored to be a partner of choice for Hallmark as they embark on their transformation journey,” commented Ed Ossie, COO for Majesco.  “Our focus on providing insurers like Hallmark with content-rich, pre-built ISO products, is designed to enable them to respond to a rapidly changing market dynamic and new commercial risk opportunities through agility, innovation and speed to market capabilities.  We look forward to a successful partnership with Hallmark.” Majesco Policy for P&C is pre-defined, integrated, and maintained for ISO bureau content via Majesco Bureau and Content Services for all lines of business, and designed to enable agility, rapid product innovation and speed to market opportunities for insurance companies to introduce new products and reach new markets quickly and cost effectively to capture market share. About Majesco Majesco enables insurance business transformation for approximately 140 insurance customers by providing solutions which include software, consulting and services. Our customers are insurers, MGA’s and other risk providers from the Property and Casualty, Life, Annuity and Group insurance segments worldwide.   Majesco delivers proven software solutions, consulting and services in the core insurance areas such as policy, billing, claims, distribution management, BI/ analytics, digital, application management, cloud and more. For more details on Majesco, please visit majesco.com. About Hallmark Financial Services, Inc. Hallmark Financial Services, Inc. is a diversified specialty property/casualty insurer with operating units based in Dallas-Fort Worth, San Antonio, Chicago, Los Angeles and Atlanta. Hallmark markets, underwrites and services nearly half a billion in commercial and personal insurance in selected markets. Hallmark is headquartered in Fort Worth, Texas and its common stock is listed on NASDAQ under the symbol "HALL."   Website: www.hallmarkgrp.com Majesco Contact: Majesco Ashwin Rodrigues Director — Global Marketing Phone: +1-973-461-9087 Email: ashwin.rodrigues@majesco.com Cautionary Language Concerning Forward-Looking Statements This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Majesco’s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under “Item 1A – Risk Factors” in Majesco’s Annual Report on Form 10-K. 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