Datastream Systems, Inc. Announces 2003-2005 Stock Repurchase Program

Greenville, S.C. -  Aug. 15, 2003 - Datastream Systems, Inc. (Nasdaq: DSTM) today announced that its board of directors has authorized the repurchase from time to time of up to 1,000,000 shares of its outstanding common stock over a period ending no later than August 15, 2005.  The company’s prior repurchase program expired earlier this quarter. The purchases may be made in the open market or in privately negotiated transactions, subject to availability, at prices deemed appropriate by management.  The repurchased shares will have the status of treasury shares and may be used, when needed, for general corporate purposes, including the grant of stock options.  Datastream had approximately 20.2 million shares of common stock outstanding as of August 12, 2003.  Since March of 2001, Datastream has invested $7.9 million to repurchase a total of 1.2 million shares of its common stock at an average price of $6.88 per share.

About Datastream Systems, Inc.
Datastream Systems, Inc. (NASDAQ: DSTM) provides Asset Performance Management software and services to enterprises worldwide, including more than 65 percent of the Fortune 500.  Datastream's solutions combine world-class asset management functionality with advanced analytics to deliver a powerful platform for optimizing enterprise asset performance.

By using Datastream's solutions, customers can maintain and manage capital assets - such as manufacturing equipment, vehicle fleets and buildings - and create analyses and forecasts so they can take action to improve future performance.  Datastream's flagship product, Datastream 7i™, delivers a complete Asset Performance Management infrastructure by combining an Internet architecture with broad enterprise asset management functionality, integrated procurement, advanced analytics and multi-site capability.

Datastream was founded in 1986 and has customers in more than 140 countries. For more information, visit www.datastream.net.