Absolute Software Corporation (TSX:ABT) filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on January 23, 2013. Under the bid, the company will repurchase up to 2,783,958 common shares, representing approximately 10% of the public float and 6.75% of the common shares outstanding. The shares will be repurchased at the market price at the time of acquisition. The repurchases will be made on the open market through the facilities of the TSX and other Canadian marketplaces. The repurchased shares will be cancelled. The company is commencing the normal course issuer bid as it believes that from time to time the market prices of its common shares may not fully reflect the underlying value of the company's business and its future business prospects and the repurchase is in the best interests of the company and will benefit all remaining shareholders by increasing their equity interest in the company. The payment for the repurchased shares will be in accordance with TSX policies. The maximum number of shares that may be purchased on a daily basis is 25,758 shares, representing 25% of the average daily trading volume, except where purchases are made in accordance with "block purchases" exemptions under applicable TSX policies. The company has entered into an automatic share purchase plan with Cantor Fitzgerald to make repurchases on behalf of the company on blinded basis. In the event the automatic share purchase plan is suspended during the term of the bid and any director, senior officer or other insider of the company intends to sell any common shares during such period, the company will suspend purchases under the bid until such person's sales are completed. Sales by such persons through the facilities of the TSX may occur if the personal circumstances of any such person change or any such person make a decision unrelated to the normal course purchases under the bid. The benefits to any such person whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased. Purchasing may be suspended at any time. The company reserves the right to terminate the bid earlier if it feels it is appropriate to do so. The repurchases will commence on January 25, 2013, and will terminate on January 24, 2014 or earlier if the number of shares sought in the bid have been obtained. As of January 4, 2013, the company had 41,225,256 common shares outstanding.

Cantor Fitzgerald acted as the broker for Absolute Software Corporation.