Mr. Huss Hirji reports

DYE & DURHAM ANNOUNCES CLOSING OF APPROXIMATELY $145 MILLION BOUGHT DEAL INCLUDING FULL EXERCISE OF OVER-ALLOTMENT OPTION

Dye & Durham Ltd. has closed its previously announced bought deal offering of common shares of the company. Pursuant to the offering, the company issued a total of 11.96 million common shares at a price of $12.10 per common share for gross proceeds to the company of approximately $145-million, which includes the exercise, in full, by the underwriters (as defined herein) of the overallotment option granted by the company to purchase up to an additional 1.56 million common shares at a price of $12.10 per common share.

The offering was conducted through a syndicate of underwriters led by Canaccord Genuity Corp. and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Cormark Securities Inc. and Raymond James Ltd. Goodmans LLP acted as legal counsel to the company and Bennett Jones LLP acted as legal counsel to the underwriters.

The company will use the net proceeds of approximately $139.5-million from the offering to immediately repay the outstanding balance on its revolving credit facility. The balance of the net proceeds may be used to: (a) make a partial repayment of its term credit facility; (b) retire a portion of the outstanding convertible debentures due March 1, 2026; or (c) both, with any amount not so applied being used for general working capital purposes, which includes financing the company's continued growth strategy.

"By using a portion of the proceeds from the offering to immediately reduce a portion of the company's indebtedness, the closing of the offering marks significant progress towards our previously stated goal of deleveraging the business, including our goal of reducing its leverage ratio to less than four times total net debt to adjusted EBITDA," said Matthew Proud, chief executive officer of Dye & Durham.

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, Australia and South Africa.

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