Company Logo Thursday, October 26, 2006

Successful Closing of Public Offering and Listing on TSX

Waterloo, Ontario, 26 October 2006 – Sandvine Corporation announced today that it has completed its public offering of 21,053,000 common shares at a price of $1.90 (£ 0.90) per common share (the “Offering”). The Offering consisted of a treasury issue of 7,895,000 common shares and a secondary offering of 13,158,000 by certain existing shareholders for total gross proceeds of $40,000,700. The common shares will begin trading today on the Toronto Stock Exchange under the symbol “SVC”. Sandvine’s common shares are currently admitted and quoted for trading on the AIM Market of the London Stock Exchange under the symbol “SAND”. 

The Offering was made through an underwriting syndicate which was co-led by Canaccord Capital Corporation and CIBC World Markets Inc., which included RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and National Bank Financial Inc.

The common shares issued pursuant to this Offering have not been, and will not be, registered under the United Securities Act of 1933, as amended (the “Act”) and may...[more]

linkback: http://www.sandvine.com/news/default.asp

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