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Tender Offer

OpenText Commences Tender Offer for Daegis Inc.

Waterloo -- Open Text Corporation announced that its indirect wholly-owned subsidiary, Company D Merger Sub Inc., has commenced its previously announced tender offer for all outstanding shares of common stock of Daegis Inc. (OTC Pink: DAEG) at a price of U.S. $0.82 per share. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of October 8, 2015 (the "Merger Agreement"), by and among OpenText, Company D Merger Sub Inc. and Daegis, which OpenText and Daegis announced on October 8, 2015.

The Daegis board of directors has unanimously determined that the offer is advisable, fair to and in the best interests of Daegis's stockholders and unanimously recommends that the Daegis stockholders accept the offer and tender their shares.

The tender offer is scheduled to expire at 12:01 A.M., New York City time, on Monday, November 23, 2015, unless the offer is extended or earlier terminated.



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