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Softchoice Corporation Complete Privatization Deal

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June 19
4:43 PM 2013

In an announcement today, Softchoice Corporation divulged the completion of an earlier announced privatization that involved an arrangement with Birch Hill Equity Partners. Included in the arrangement was all of outstanding common shares of Softchoice that would be acquired by Goliath Acquisition Inc. at a value of US$20 per common share. Birch Hill Fund IV indirectly owns Goliath Acquisition. Certain common shares that are owned by a few members of the senior management were not included since the shares had already been exchanged for shares in Goliath Acquisition Inc.

All the common shares of Softchoice is expected to be removed from the listing of the Toronto Stock Exchange by the closing of the market specifically on the 20th of June 2013.

Shareholders who are expecting the liquidation of their shares are not required to do anything. All payments are to be credited to the beneficial shareholders would be credited to the shareholder's through procedures put in place specifically for the purpose. The transaction would be done through intermediaries, such as broker, trustee, financial institution, dealer, bank or other person or agent.

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