An anonymous director reports

DYE & DURHAM ANNOUNCES APPROXIMATELY $126 MILLION BOUGHT DEAL OFFERING OF COMMON SHARES

Dye & Durham Ltd. has entered into an agreement with an underwriting syndicate led by Canaccord Genuity Corp. to complete a new issue, on a bought deal basis, of an aggregate of 10.4 million common shares at a purchase price of $12.10 per common share for aggregate gross proceeds of approximately $126-million.

The company intends to use the net proceeds of the offerings for the repayment of debt.

The offering is consistent with the company's previously stated goal to delever the business. Following closing of the offering, the company will have made significant progress toward its target of reducing its leverage ratio to less than four times total net debt to adjusted EBITDA (earnings before interest, taxes, depreciation and amortization).

Closing of the offering is expected to occur on or about Feb. 6, 2024, or such other date as may be agreed upon by the company and the underwriters, subject to customary closing conditions, including required approvals of the Toronto Stock Exchange.

The company has also granted the underwriters an overallotment option, exercisable for a period of 30 days from the date of the closing of the offering, to purchase up to an additional 15 per cent of the aggregate common shares to be sold pursuant to the offering.

About Dye & Durham Ltd.

Dye & Durham provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions, and enables the essential payment infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland and Australia.

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