Answerthink, Inc. Announces Issuance of Restricted Stock Awards In Connection With REL Acquisition

Answerthink, Inc. (NASDAQ:ANSR), today announced thatemployment inducement restricted stock awards covering an aggregate of676,695 shares had been granted to seven employees that joined theCompany in connection with acquisition of REL Consultancy GroupLimited ("REL") by its subsidiary, The Hackett Group, Limited, onNovember 29, 2005. These awards comprised a restricted stock award tothe CEO of REL with fifteen years of service to REL, to the Presidentof the Americas of REL with six years of service to REL, to the Headof Analysis for REL with six years of service to REL, to the EuropeanHead of Operations of REL with eleven years of service to REL, to theUS Head of Operations of REL with sixteen years of service to REL, tothe Global Controller of REL with over two years service to REL, andto the Global Resourcing Director and Head of Human Resources of RELwith fifteen years of service to REL. Each of the recipients willserve in similar roles with Answerthink's Hackett-REL Total WorkingCapital division in the United States and Europe. Answerthinkconsiders the cost of these grants part of the overall considerationfor the acquisition. The grants are designed to preserve the value ofthe business acquired through the retention of its leadership. Theywill also provide incentives to the recipients which directlycorrelate to the success of Answerthink as reflected in theappreciation of its shares. The shares issued in connection with thesegrants were distributed on March 6, 2006. In accordance with NASDAQRule 4350(i)(1)(A), these restricted stock awards were made outside ofan equity plan for which stockholder approval has been obtained. Rule4350(i)(1)(A) requires public announcement of equity grants made underthis type of plan. All of the above restricted stock awards weregranted on terms that include the following: (i) the shares aresubject to restriction on transfer and are subject to forfeiture inthe event of termination of employment for any reason prior to thelapse of such restrictions; (ii) lapsing of restrictions with respectto 50% of the shares on the second anniversary of the acquisitionclosing date and as to 25% of the shares on each of the third andfourth anniversary of such date, until fully vested.

About Answerthink

Answerthink, Inc. (http://www.answerthink.com) is a leadingbusiness and technology consulting firm that enables companies toachieve world-class business performance. By leveraging thecomprehensive database of The Hackett Group, Answerthink's businessand technology solutions help clients significantly improveperformance and maximize returns on technology investments.Answerthink's capabilities include benchmarking, businesstransformation, business applications, business intelligence, andoffshore application development and support. Founded in 1997,Answerthink has offices throughout the United States and in Europe andIndia.

About The Hackett Group

The Hackett Group (http://www.thehackettgroup.com), a strategicadvisory firm and an Answerthink company, is a world leader in bestpractice research, benchmarking, business transformation and workingcapital management services that empirically define and enableworld-class enterprise performance. The foundation of Hackett'sservices is a proprietary database of Hackett-Certified(TM) Practices,approaches that correlate with superior performance. Only The HackettGroup empirically defines world-class performance in sales, generaland administrative (SG&A) and supply chain activities with analysisgained through 3,400 benchmark studies over 14 years at 2,000 of theworld's leading companies. Hackett clients comprise 96 percent of theDow Jones Industrials, 77 percent of the Fortune 100 and 92 percent ofthe Dow Jones Global Titans Index.

From the 2005 acquisition of REL Consultancy Group, a globalleader in generating cash improvement from working capital, Hackettoffers Total Working Capital Management services to liberate cash flowfrom operations through improved working capital, reduced costs andincreased service quality. REL has enabled clients in more than 60countries free up over $25 billion through working capitaloptimization in the last 10 years alone.

This press release contains "forward-looking statements" withinthe meaning of the Private Securities Litigation Reform Act of 1995and involve known and unknown risks, uncertainties and other factorsthat may cause Answerthink's actual results, performance orachievements to be materially different from the results, performanceor achievements expressed or implied by the forward-lookingstatements. Factors that impact such forward-looking statementsinclude, among others, the ability of the products, services, orpractices mentioned in this release to deliver the desired effect, ourability to effectively integrate acquisitions into our operations, ourability to attract additional business, our ability to effectivelymarket and sell our transformation advisory product offerings andother services, the timing of projects and the potential for contractcancellations by our customers, changes in expectations regarding theinformation technology industry, our ability to attract and retainskilled employees, possible changes in collections of accountsreceivable, risks of competition, price and margin trends, changes ingeneral economic conditions and interest rates as well as other risksdetailed in the Company's Annual Report on Form 10-K for the fiscalyear ended December 31, 2004 filed with the Securities and ExchangeCommission. We undertake no obligation to update or revise publiclyany forward-looking statements, whether as a result of newinformation, future events or otherwise.