Packet inspection/traffic management

Sandvine Closes Offering

WATERLOO, ON -- Sandvine Corporation announced today that it has completed its public offering of 21,053,000 common shares at a price of $1.90 (£ 0.90) per common share (the “Offering”). The Offering consisted of a treasury issue of 7,895,000 common shares and a secondary offering of 13,158,000 by certain existing shareholders for total gross proceeds of $40,000,700. The common shares will begin trading today on the Toronto Stock Exchange under the symbol “SVC”. Sandvine’s common shares are currently admitted and quoted for trading on the AIM Market of the London Stock Exchange under the symbol “SAND”.

The Offering was made through an underwriting syndicate which was co-led by Canaccord Capital Corporation and CIBC World Markets Inc., which included RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and National Bank Financial Inc.

The common shares issued pursuant to this Offering have not been, and will not be, registered under the United Securities Act of 1933, as amended (the “Act”) and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. Accordingly, this press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or same would be unlawful prior to qualification under the securities laws of any such jurisdiction.

Sandvine Inc.

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