Sylogist Ltd. announce that Mr. Errol Olsen has been added as a director of the Company effective August 25, 2023. Mr. Olsen currently serves as Chief Operating Officer at Uncommon Purpose Ventures and was previously CFO of Absolute Software for over nine years. He brings more than 25 years of experience leading the finance and operations functions of companies ranging from start-ups to multinational corporations.

Prior to leaving public practice, Errol was a manager in the audit and advisory services group at KPMG LLP, where he worked with a portfolio of private and public companies. Mr. Olsen holds a CPA, CA designation and a Bachelor of Business Administration from Simon Fraser University. He brings to Sylogist a broad experience in finance, strategy development, operations, technology, and governance.

Mr. Olsen has been nominated as a director pursuant to the Nomination Agreement entered into between the Company and PenderFund Capital Management Ltd., its largest shareholder, on June 20, 2023. A copy of the Nomination Agreement is available under the Company?s profile on SEDAR+. Sylogist also announces that Ms. Janice Anderson has resigned as a director of the Company.

Upon his appointment to Sylogist?s board of directors, Mr. Olsen has been appointed as an additional member of the Audit Committee, and effective as of August 25, 2023, the committees of the board of directors are constituted as follows:Audit Committee: Taylor Gray, Barry Foster, Errol Olsen, Nominating and Governance Committee: Barry Foster, Ian McKinnon, Taylor Gray, Compensation Committee: Craig O?Neill, Ian McKinnon, Taylor Gray.