Press Release: October 2, 2000

WR Hambrecht + Co Initiates Coverage of Diamond Technology Partners (DTPI) with a Buy Rating and a Price Target of $90

Top-notch intellectual capital fuels Internet consulting firm’s success

San Francisco, CA, October 2, 2000—WR Hambrecht + Co today initiated research coverage on Diamond Technology Partners, Inc. (DTPI) with a buy rating and a price target of $90. WR Hambrecht + Co’s eServices analyst Greg Gore cited Diamond’s quality focus, financial strength and intellectual capital as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.

“Diamond’s reputation for thought leadership is an important source of new business and has yielded significant brand equity. The firm understands technology better than strategy consulting firms and strategy consulting better than systems integrators,” Gore said.

Gore projects total revenues will reach $218.4 million this calendar year, and $328.8 million in 2001, up from $115.5 million last year.

Diamond Technology Partners is a leading provider of strategy services in the Information Age specializing in helping its clients understand, develop, and implement comprehensive Digital Strategies.