BearingPoint Awarded USAID Contract to Assist Global, Business, Trade and Investment in Developing Countries

Business Wire, March 5, 2007

GBTI II Contract Valued Up to $3 Billion

MCLEAN, Va. -- BearingPoint, Inc. (NYSE: BE), one of the world's largest management and technology consulting firms, today announced it was one of six large business contractors awarded a contract with the United States Agency for International Development to assist in the goal of reducing poverty and promoting economic growth and prosperity in developing and transition countries. The Global, Business, Trade and Investment in Developing Countries (GBTI II) contract has a value of up to $3 billion over its planned 2007-2012 implementation period.

USAID's primary program objectives for GBTI II focus on devising and implementing robust strategies to promote real economic growth, reduce poverty, graduate transitional countries from aid to trade, promote open competitive markets, develop the private sector, and mobilize private financing sources to supplement and eventually replace development assistance. Under GBTI II, BearingPoint is expected to provide a full range of services to USAID Missions throughout the world and to USAID's headquarters in Washington, D.C., in substantially all major areas of business, trade, and investment development and reform.

Under the competitively awarded indefinite quantity contract, BearingPoint will be one of six large contractors and three small businesses that will compete for individual contract requests from USAID Missions around the globe to help further America's foreign policy interests in expanding democracy and free markets while improving the lives of the citizens of the developing world.

"BearingPoint looks forward to assisting the ambitious agenda set out by USAID for this project," said James Horner, senior vice president of BearingPoint's Emerging Markets practice. "Helping implement global best-practices for business, create employment opportunities and reduce poverty around the world will mutually benefit the United States and the countries receiving the assistance."

This new contract complements BearingPoint's 15 year history in providing a full range of economic governance, training, management, and technology consulting services to developed and developing economies, including projects in Bosnia-Herzegovina, Cyprus, Egypt, Kosovo, Montenegro and Poland. Core areas of expertise within the Emerging Markets practice include:

* Accelerating sustainable public sector reform, promoting economic growth and improving public services.

* Creating an environment to support private sector growth, attract new investment and increasing employment.

* Using information technology to build capacity and enhance competitiveness.

About USAID

The U.S. Agency for International Development has provided economic and humanitarian assistance worldwide for more than 40 years. For more information about USAID please visit their website at www.usaid.gov.

About BearingPoint, Inc.

BearingPoint, Inc. (NYSE: BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has over 17,000 employees and major practice areas focusing on the Public Services, Financial Services and Commercial Services markets. For nearly 100 years, BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. For more information, visit the Company's website at www.BearingPoint.com.