SQS Software Quality Systems AG Regulatory News (SQS)

24 September 2013

SQS Software Quality Systems AG ("SQS" or the 'Company')

Issue of Equity and Director's Dealing

SQS, the global leader in independent software testing and quality management services, has today issued 50,883 new SQS ordinary €1 shares (the "New Ordinary Shares") to employees of the Company pursuant to exercise of options on 18 September 2013 under the Stock Option Plan 2006.

The New Ordinary Shares have been purchased at an exercise price of €3.95 per share and the Company received, in aggregate, €200,987.95 in cash consideration.

Of these 50,883 New Ordinary Shares, Matthias Baunach, one of the employee representatives on the Supervisory Board, exercised 242 options at an exercise price of €3.95 per share. Following this exercise, Mr Baunach is interested in a total of 242 Ordinary Shares, representing approximately 0.001% of the Company's issued share capital.

These New Ordinary Shares are to be transferred into depositary interests before they can be admitted to trading on AIM. This process is currently being completed and the Company expects to make an application for the New Ordinary Shares to be admitted to trading on AIM ("Admission") in due course. The Company will make a further announcement when the dealings in these New Ordinary Shares have commenced.

Following Admission, SQS will have 27,944,172 Ordinary Shares in issue.

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