ATA Inc. Announces Exercise of Over-Allotment Option by Underwriters

    BEIJING, March 3 /Xinhua-PRNewswire-FirstCall/ -- ATA Inc. (Nasdaq:  
 ATAI) ("ATA", or the "Company"), the leading provider of computer-based
 testing services in China, announced today that the underwriters partially
 exercised their over-allotment option, purchasing an additional 126,101
 American Depositary Shares ("ADSs"), in connection with ATA's initial
 public offering that was priced on January 28, 2008. Including the
 underwriter's over- allotment option, ATA sold 5,000,113 ADSs at a price of
 $9.50 per share in its initial public offering, resulting in approximately
 $45.1 million in net proceeds, after deducting underwriting discounts and
 commissions but excluding estimated offering expenses.
 
     Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as the sole
 bookrunner, with Piper Jaffray as joint lead manager and Susquehanna
 Financial Group, LLLP as co-manager for the offering. A copy of the
 prospectus relating to the offering may be obtained from Merrill Lynch,
 Pierce, Fenner & Smith Incorporated, Address: 4 World Financial Center, New
 York, New York 10080, United States, Phone: +(1) 866-500-5408.
 
     This news release does not constitute an offer to sell or a
 solicitation of an offer to buy the securities described herein, nor shall
 there be any sale of these securities in any state or jurisdiction in which
 such an offer, solicitation or sale would be unlawful prior to registration
 or qualification under the securities laws of any such state or
 jurisdiction.
 
     About ATA Inc.:
 
     ATA Inc. (Nasdaq:   ATAI) ("ATA" or the "Company") is the leading
 provider of computer-based testing services in China. The Company offers
 comprehensive services for the creation and delivery of computer-based
 tests based on its proprietary testing technologies and test delivery
 platform. The Company's computer-based testing services are used for
 professional licensure and certification tests in various industries,
 including information technology, or IT, services, banking, teaching,
 securities, insurance and accounting. ATA's test center network comprised
 1,810 authorized test centers located throughout China as of September 30,
 2007, which the Company believes is the largest test center network of any
 commercial testing service provider in China. Combined with its test
 delivery technologies, this network allows ATA's clients to administer
 large-scale nationwide tests in a consistent, secure and cost-effective
 manner. ATA has delivered over 23 million tests since it commenced
 operations in 1999, and in July 2007 delivered tests to more than 200,000
 test takers in a single day for the China Banking Association, through its
 test delivery platform.
 
 

     For more information, please contact:
 
     ATA Inc.
      Carl Yeung, CFO
      Tel:   +86-10-6518-1122 x5107
      Email: carlyeung@ata.net.cn
 
     CCG Elite Investor Relations
      Crocker Coulson, President
      Tel:   +1-646-213-1915
      Email: crocker.coulson@ccgir.com
 
      Ed Job, CFA
      Tel:   +1-646-213-1914
      Email: ed.job@ccgir.com
 
 

SOURCE ATA Inc.

Released March 3, 2008