Dye & Durham dissident abandons co-operation deal

Mr. David Danziger reports DYE & DURHAM PROVIDES UPDATE ON LEGAL ACTION AND STRATEGIC REVIEW PROCESS Dye & Durham Ltd. has shared the following update regarding its previously announced strategic review, which will consider the sale of all or part of the company, as well as its recent action to ensure the integrity of that review. The strategic committee of the board of directors, which is chaired by independent director and Plantro Ltd. nominee David Danziger, is committed to and remains actively engaged in the review of strategic alternatives to maximize value for all shareholders. The review may include a sale of the company, asset sales, recapitalizations or potential mergers. The strategic committee had been actively reviewing Plantro's unsolicited proposal. While this review was continuing, Plantro sought to abandon the co-operation agreement entirely. After the company moved to protect the bargain defined in the co-operation agreement by enforcing its legal rights, Plantro unilaterally withdrew its proposal and proceeded to publish misleading statements concerning the company's financial leverage and future prospects, harming both the company and its strategic review. Separately, CIBC Capital Markets has decided not to proceed as financial adviser, and the strategic committee is in the process of engaging a new financial adviser. Despite the actions taken by Plantro, the company would be willing to settle its litigation against Mr. Proud and Plantro if they unequivocally reaffirm their commitment to the bargain struck in July, abide by the co-operation agreement, and respect the principles of a fair and transparent strategic review. 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, Australia and South Africa. We seek Safe Harbor.