Dye & Durham Special Committee Appoints Financial Advisors

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TORONTO, June 24, 2021 / CNW / – Dye & Durham Limited (“Tincture & Durham“or the”Company“) (TSX: MDN) announced today that the Special Committee of the Board of Directors of Dye & Durham, chaired by Brian Derksen, (the “Special committee“) appointed JP Morgan and Scotiabank to act as independent financial advisers in connection with its previous announcement that Dye & Durham had initiated a strategic review process in response to a proposed acquisition of Dye & Durham received from a group of shareholders led by certain management members (the “Management group“). The special committee is also committed Osler, Hoskin & Harcourt LLP and Norton Rose Fulbright Canada LLP as independent legal advisers in connection with the strategic review process.

The special committee continues to review the management group’s proposal, which remains subject to a number of conditions, in collaboration with its financial and legal advisers. As previously announced, the ad hoc committee has a broad mandate to consider the management group’s proposal, alternatives to such a proposal, and maintain the status quo, and continues to carry out its work.

The Special Committee has not made any decisions regarding specific strategic alternatives at this time and there can be no assurance that the exploration of strategic alternatives will result in a transaction.

The special committee currently intends not to disclose developments regarding the strategic process unless and until the board of directors has approved a specific transaction, on the recommendation of the special committee, or determines otherwise than disclosure. is necessary or appropriate.

About Dye & Durham

Dye & Durham Limited is a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. Dye & Durham provides information services and critical workflows, which customers use to manage their processes, information and regulatory requirements. The Company operates in Canada, the UK, Ireland and Australia, and has a strong, blue-chip clientele that includes law firms, financial services institutions and government organizations. Additional information is available at www.dyedurham.com.

Forward-looking statements

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company’s current expectations regarding future events, including with respect to the acquisition of the Company or the completion of a strategic transaction and management engaging with the board of directors to acquire the business. In some cases, but not necessarily in all cases, forward-looking statements may be identified by the use of forward-looking terms such as “plans”, “targets”, “expects” or “does not expect”, “Is expected”, “an opportunity exists”, “is positioned”, “believes”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of these words and expressions or declares that certain actions, events or results “may”, “could”, “would”, “could”, “will be” or “will be taken”, “occur” or “be achieved” . In addition, any statement that refers to expectations, projections or other characterizations of future events or circumstances contains forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance, but rather represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.

Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ. substantially from those disclosed or implied by such forward-looking information. These risks and uncertainties include, without limitation, the factors described under “Risk Factors” in the Company’s prospectus supplement dated November 18, 2020 the simplified base shelf prospectus (including the documents incorporated therein) of the Company dated November 18, 2020. Dye & Durham assumes no obligation to update this forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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