TORONTO, ONTARIO -- (Marketwired) -- 06/30/16

Constellation Software Inc. (TSX: CSU) ("Constellation" or the "Company") today announced its firm intention to make a cash offer through a wholly owned subsidiary for all the issued share capital of Bond that Constellation and parties acting in concert with Constellation (the "CSI Group") do not currently own at a price of GBP 1.05 per ordinary share. The offer values the existing issued ordinary share capital of Bond at approximately GBP 44 million in aggregate.

The CSI Group collectively own 12,475,911 Bond Shares representing approximately 29.6 per cent of the existing issued ordinary share capital of Bond. In addition the CSI Group owns 100% of the non-voting convertible shares outstanding in Bond.

The offer, which will be formally made within 28 days, is conditional upon, amongst other things:

--  CSI Group receiving valid acceptances (which have not been withdrawn) in
    respect of Bond shares such that the CSI Group shall have acquired or be
    entitled to acquire Bond shares carrying in aggregate, more than 90 per
    cent (or such lower percentage as CSI may, subject to the approval of
    the UK Takeover Panel, decide) of the voting rights then normally
    exercisable at general meetings of Bond; and


--  Bond not entering into a binding commitment (whether unconditional or
    where all conditions have been fulfilled) to dispose of all or
    substantially all of the assets of (i) its HR and Payroll Software and
    Services Division; and/or (ii) its Recruitment Software Division.

About Constellation Software Inc.

Constellation Software acquires, manages and builds vertical market software businesses.

Contacts:
Constellation Software Inc.
Jamal Baksh
Chief Financial Officer
(416) 861-9677
jbaksh@csisoftware.com
www.csisoftware.com