Ms. Danielle Royston reports

REDKNEE RECEIVES SHAREHOLDER APPROVAL FOR US$54 MILLION RIGHTS OFFERING

Redknee Solutions Inc. has received shareholder approval for its previously announced rights offering. The net proceeds of the rights offering will be used to finance a restructuring of the business in furtherance of the previously announced strategic plan.

The rights offering was approved by 92.58 per cent of the 55,727,138 votes cast by holders of the company's subordinate voting shares present in person or represented by proxy at the special meeting of shareholders held on July 25, 2017. The company has therefore satisfied its shareholder approval requirement for the rights offering and, as such, will commence with the launch of the rights offering.

"We are very encouraged by the strong vote of confidence that the shareholders have given us to proceed with our rights offering," said Danielle Royston, chief executive officer of Redknee. "Backed by shareholder approval, we will now turn towards proceeding with our strategic plan to build a platform for long-term growth, simplified operations and sustained profitability."

Pursuant to the rights offering, eligible shareholders as of the close of business (Toronto time) on Aug. 1, 2017, will receive one right for each subordinate voting share held as of the record date. Each right will entitle the holder thereof to acquire one subordinate voting share at a subscription price of 63 cents. The subscription price represents a 40.1-per-cent discount to the simple average of the closing price of the subordinate voting shares on the Toronto Stock Exchange for the 20 trading days immediately preceding the date hereof. The rights offering is expected to expire on Aug. 29, 2017. Any rights not exercised on or before the time the rights expire will be void and will have no value.

Further details on the rights offering, including eligibility requirements for shareholders to participate and the procedures to be followed by shareholders to subscribe for rights, will be included in a rights offering circular and rights offering notice, which are expected to be filed with securities regulatory authorities in each province and territory of Canada on July 26, 2017. A copy of the rights offering circular and rights offering notice will be available on SEDAR.

The completion of the rights offering is conditional upon the satisfaction of certain conditions, including the approval of the Toronto Stock Exchange.

In addition, the company expects to release its results for the third quarter of 2017 on or about Aug. 9, 2017. The company estimates that revenue for the quarter will be between $31-million (U.S.) and $33-million (U.S.). However, there can be no assurance that such estimate will prove to be correct, and actual revenue may vary significantly from such estimate.

About Redknee Solutions Inc.

Redknee monetizes today's digital world for communications service providers. Its market-leading portfolio of monetization and subscriber management solutions includes real-time billing, charging, policy and customer care modules and is available on premise, cloud based or as a software as a service. With a central focus on driving customer success, Redknee's products power growth and innovation for operators globally.

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