Ms. Colleen Moorehead reports

DYE & DURHAM PROVIDES UPDATE ON STRATEGIC REVIEW PROCESS; WILL PAUSE STRATEGIC REVIEW PROCESS UNTIL COMPLETION OF THE 2024 ANNUAL MEETING AND ELECTION OF NEW BOARD OF DIRECTORS

Dye & Durham Ltd.'s board of directors has paused the consideration of additional opportunities to enhance shareholder value that may include, but are not limited to, a sale of the company, merger, divestiture of assets or other strategic transactions, as previously disclosed on Oct. 22, 2024.

Dye & Durham received significant inbound interest from multiple strategic and financial sponsor parties at attractive premiums to the market price of its shares. The board's determination to pause the well-advanced process was made in light of the current activist situation and in response to feedback from a select group of the company's shareholders.

"The board appreciates the hard work that management and the company's advisers undertook in responding to the strong interest in the company. The board and management team look forward to executing on Dye & Durham's value creation plan, and following the completion of the 2024 annual meeting, will remain open to all value creation opportunities for shareholders including a sale of the company," said Colleen Moorehead, chair of the board.

Advisers

Dye & Durham has retained Goldman Sachs, as its strategic adviser, Goodmans LLP, and Groia & Company as its legal advisers, and Gagnier Communications LLC and Sovereign Advisory Inc. as its strategic communications advisers.

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 payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland and Australia.

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