Mr. George Tsivin reports

DYE & DURHAM ANNOUNCES CLOSING OF CREDAS DIVESTITURE

Dye & Durham Ltd. has closed its previously announced divestiture of Credas Technologies Ltd. to SmartSearch, an established United Kingdom provider of anti-money-laundering software and a portfolio company of Triple Private Equity.

Under the terms of the transaction, Dye & Durham received gross cash proceeds of approximately 77.8 million pounds sterling, or approximately $146.3-million. The company intends to use all of the net proceeds from the transaction to repay outstanding senior secured debt, advancing its deleveraging priorities and further strengthening its balance sheet.

"The successful completion of the Credas divestiture represents an important milestone in our strategy to simplify the business and sharpen our focus on our core legal software platforms," stated George Tsivin, chief executive officer of Dye & Durham. "We are pleased with the outcome of the transaction and the value created for our shareholders, while strengthening our balance sheet through debt repayment."

As part of the transaction, Dye & Durham has entered into a commercial agreement with Credas and SmartSearch, ensuring continuity of service for the company's practice management and data insights customers in the U.K.

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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