Mr. Jamal Baksh reports

CONSTELLATION SOFTWARE INC. ANNOUNCES RESULTS OF RIGHTS OFFERING OF ADDITIONAL SERIES 1 DEBENTURES

Constellation Software Inc. has released the results of its previously announced rights offering, pursuant to which the company distributed rights entitling existing holders of common shares of the company on the applicable record date to purchase up to $700-million aggregate principal amount of unsecured subordinated floating rate debentures, Series 1, of the company.

A total of $213,118,500 principal amount of Series 1 debentures have been subscribed for by, and will be issued to, holders who exercised their rights on or prior to Sept. 29, 2023, the expiry date. The Series 1 debentures will be issued at a price of $133 per $100 principal amount of Series 1 debentures purchased, representing proceeds to the company of $283,447,605, which will be used by the company to pay down indebtedness under its existing credit facility.

The Series 1 debentures are expected to be issued by the company on Oct. 6, 2023. The Series 1 debentures will be issued as an additional tranche of, and will form a single series with, the outstanding $282.2-million aggregate principal amount of unsecured subordinated floating rate debentures, Series 1, of the company.

About Constellation Software Inc.

The company's common shares are listed on the Toronto Stock Exchange under the symbol CSU. The company's unsecured subordinated floating rate debentures, Series 1, are listed on the TSX under the symbol CSU.DB. The company acquires, manages and builds vertical market software businesses.

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