DGAP-Ad hoc: SQS Software Quality Systems AG

Disclosure of inside information pursuant to Art. 17
of the EU Market Abuse Regulation (EU 596/2014, MAR)

23 January 2018

SQS Software Quality Systems AG ("SQS")

Recommended Public Cash Offer Declared Wholly Unconditional,
SQS Applies for Delisting from AIM
Introduction

Today, Assystem Services Deutschland GmbH announced its recommended voluntary public cash offer for an acquisition of 100% of the shares/depositary interests in SQS to be wholly unconditional. SQS will now apply for a delisting from AIM.

Recommended Public Cash Offer Declared Wholly Unconditional

Today, Assystem Services Deutschland GmbH (formerly: Weilchensee 884. V V GmbH) (the "Bidder") declared that all the conditions to its recommended voluntary public cash offer for an acquisition of 100% of the shares in SQS and the depositary interests representing such shares for 825 UK pence per share/depositary interest (the "Offer") as set out in the offer document which was published on 18 December 2017 have now been satisfied or waived and, accordingly, Bidco is pleased to announce that the Offer has now become unconditional in all respects.

Delisting and cancellation of trading in SQS Shares on AIM

SQS now intends to apply later today to the London Stock Exchange for the cancellation of the admission of SQS shares/depositary interests to trading on AIM; accordingly, the 20 business day notice period has now commenced. Pursuant to Rule 41 of the AIM Rules, it is anticipated that the cancellation of the admission of SQS shares/depositary interests to trading on AIM shall take effect at 8.00 a.m. (London time) on 21 February 2018.

CANCELLATION OF ADMISSION TO TRADING ON AIM OF SQS SHARES IS LIKELY TO REDUCE SIGNIFICANTLY THE LIQUIDITY AND MARKETABILITY OF ANY SQS SHARES IN RESPECT OF WHICH THE OFFER HAS NOT BEEN ACCEPTED AT SUCH TIME.

Further details of the terms and conditions of the Offer are published on the internet on https://www.sqs.com/en/offer.php.

Further announcements will be made when appropriate.

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