Constellation Software Inc. Completes Spin-Out of Topicus.com Inc. - Seite 3

Joday’s address is Binnenweg 1A, 1261 EK Blaricum, The Netherlands. On January 4, 2021, in connection with the Spin-Out Transactions, Joday acquired (i) 18,479,460 ordinary units of Topicus.com Coöperatief U.A. (“Topicus Coop”), and (ii) 18,479,460 preference units of Topicus Coop. The ordinary units and preference units of Topicus Coop held by Joday are exchangeable, directly or indirectly, for Topicus Shares on a one for one basis. Prior to the completion of the foregoing transactions, Joday did not own any securities of Topicus.com, or securities exchangeable for securities of Topicus.com. Following completion of the foregoing transactions, Joday owns 18,479,460 ordinary units of Topicus Coop (representing 28.46% of the ordinary units of Topicus Coop) and 18,479,460 preference units of Topicus Coop (representing 28.46% of the preference units of Topicus Coop). Joday’s ownership of Topicus Shares is 28.5% on a fully-diluted basis. Joday acquired the securities of Topicus Coop as part of the Spin-Out Transactions. Joday may purchase or sell securities of Topicus Coop or Topicus.com in the future on the open market or in private transactions, depending on market and economic conditions and other factors material to the investment decisions of Joday.

Forward Looking Statements

Forward Looking Statements Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual events to be materially different from any future events expressed or implied by such forward -looking statements. Words such as “may”, “will”, “expect”, “believe”, “plan”, “intend”, “should”, “anticipate” and other similar terminology are intended to identify forward looking statements. Forward looking statements in this press release include, but are not limited to, the intention of the Topicus Shares to begin trading on the TSX Venture Exchange on or about February 1, 2021. Such forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future results, and will not necessarily be accurate indications of whether or not such results will be achieved, or when such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and Constellation assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.