Page 1

D & D Dye & Durham Reports Second Quarter 2021 Financial Results and Provides Corporate Update • FORECASTED JUNE 30 , 2022 , ADJUSTED EBITDA AND REVENUE OF OVER $ 200 MILLION AND $ 340 MILLION , RESPECTIVELY1 Toronto , ON - February 14 , 2021 - Dye & Durham Limited ( " Dye & Durham " or the " Company " ) ( TSX : DND ) , a leading provider of cloud - based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals , today announced its financial results for the three and six months ended December 31 , 2020 , and provides a financial outlook for fiscal year 2022 ending on June 30 , 2022 and for the third quarter of the current fiscal year . Annual Adjusted EBITDA ( C $ Millions ) 37 26 80 Quarterly Adjusted EBITDA ( C $ Millions ) 200 FY 19A FY 20A FY 21E - YTD FY 22E Annualized 12.5 8.8 17.1 30 FY 20 Q4A FY 21 Q1A FY 21 Q2A FY 21 Q3E For the three months ended December 31 , 2020 , the Company generated revenue of $ 33.7 million and Adjusted EBITDA² of $ 17.1 million , representing growth of 96 % for both revenue and Adjusted EBITDA compared to the same period in the previous fiscal year . " The Company's strong second quarter results reflect the successful execution of our business strategy over the period , highlighting our ability to achieve our stated goals , " said Matt Proud , CEO of Dye & Durham . " As we have an established platform and financial scale now in our key markets of Canada , the United Kingdom and Australia , the opportunities in our pipeline are becoming more sizeable as we look to acquire strategic vertical assets . " Second Quarter Fiscal 2021 Highlights Deployed approximately $ 630.0 million on strategic acquisitions , the Company anticipates it will achieve post - synergy returns on these acquisitions that are consistent with its targeted return model . Completed equity financings of approximately $ 426.3 million , and secured debt facilities of $ 570.0 million . Revenue of $ 33.7 million , an increase of 96 % from comparative period in the prior year . 1 Forecasted June 30 , 2022 financial information are considered forward - looking information . Please see " Forward - Looking Information " below .