Garda World Security Corporation Commences Cash Tender Offer for its Outstanding Senior Notes due 2021 Pursuant to the Change of Control Provisions of the Related Indenture

MONTREAL, QUEBEC--(Marketwired - April 17, 2017) - Garda World Security Corporation (the "Company") announced today that it has commenced a cash tender offer (the "Offer") for any and all of its outstanding U.S. dollar denominated 7.25% Senior Notes due 2021 (CUSIP Nos./ISINs 36485M AG4/US36485MAG42, C36025 AC5/USC36025AC51, 36485M AJ8/US36485MAJ80 and C36025 AD3/USC36025AD35) (the "Notes"), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof (as it may be amended or supplemented from time to time, the "Statement"), and in the related Letter of Transmittal (as it may be amended or supplemented from time to time, the "Letter of Transmittal" and, collectively with the Statement, the "Offer Documents").

The Offer will expire at 12:00 midnight, New York City time, on May 12, 2017 (such time and date, as it may be extended, the "Expiration Time"), in each case, unless earlier terminated by the Company. Notes tendered may be withdrawn at any time at or before the Expiration Time, but not thereafter, except as required by law.

The Offer is being made pursuant to the indenture dated as of November 8, 2013 (as amended and supplemented to the date hereof, the "Indenture") among the Company, the guarantors party thereto, Wells Fargo Bank, National Association, as U.S. trustee and Computershare Trust Company of Canada, as Canadian trustee, under which the Notes were issued. The Indenture and the Notes provide that the Company must make an offer to repurchase Notes from holders in connection with the occurrence of a "Change of Control" (as defined in the Indenture), which offer, pursuant to the terms of the Indenture, may be made in advance of, and conditioned upon the occurrence of, such Change of Control. Upon consummation of the Stock Purchase (as defined below), a Change of Control will occur with respect to the Company. Accordingly, the Company is offering to purchase, in advance of and conditioned upon the occurrence of the Change of Control, any and all of the Notes at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest up to, but not including, the Payment Date (as defined below). Pursuant to the Indenture, if the Stock Purchase and this Offer are completed, the Company will not be required to make any further offer to repurchase the Notes as a result of or in connection with the completion of the Stock Purchase.