Absolute Software Awarded Lenovo Top Supplier Award

May 16, 2012

Absolute Software Receives the Diamond Supplier Award at Lenovo’s 2012 Global Supplier Conference

Vancouver, Canada: May 16, 2012 – Absolute® Software Corporation (“Absolute” or the “Company”) (TSX: ABT), the leading provider of firmware-embedded endpoint security and management solutions, announced today they are the recipient of the 2012 Lenovo Diamond Supplier Award, the highest award given to Lenovo worldwide suppliers and partners. The Diamond Award is presented annually to a key partner that drives Lenovo's success over the past year.

Since 2005 Absolute Software has partnered with Lenovo to provide solutions to meet the security needs of both enterprise and consumer customers. Lenovo computers and ThinkPad Tablets are built with Absolute Software’s Computrace embedded in the firmware.  This level of persistence provides Lenovo customers with the means to manage, track, and secure their devices.

"Absolute Software has provided Lenovo customers with firmware-embedded endpoint security and management for computers and mobile devices since 2005, and in that time, our relationship has been marked by trust, the delivery of world class security and management solutions and the creation of innovative channel programs resulting in a significant sales growth," said Clain Anderson, Director of Software and Content Services, Lenovo. "This track record earned Absolute Software the Lenovo Diamond Supplier Award, our top award for worldwide suppliers and partners."

“The past year has seen some significant milestones in our partnership with Lenovo, including the announcement of Computrace persistence for the Lenovo ThinkPad Tablet, the first Android tablet in the world with Computrace persistence embedded in the firmware.” said Abigail Maines, Vice President, Channel Strategy, Absolute Software. “We are honored to be the recipient of the Lenovo 2012 Diamond Supplier Award, and look forward to many more collaborative achievements in our partnership with Lenovo.”

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About Absolute Software

Absolute Software (NASDAQ: ABST) (TSX: ABST) is the only provider of self-healing, intelligent security solutions. Embedded in more than 600 million devices, Absolute is the only platform offering a permanent digital connection that intelligently and dynamically applies visibility, control and self-healing capabilities to endpoints, applications, and network connections - helping customers to strengthen cyber resilience against the escalating threat of ransomware and malicious attacks. Trusted by more than 18,000 customers, G2 recognized Absolute as a leader for the tenth consecutive quarter in the Summer 2022 Grid® Report for Endpoint Management and as a high performer in the G2 Grid Report for Zero Trust Networking.

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Forward-Looking Statements

This press release contains forward-looking statements and financial outlook that involve risks and uncertainties. These forward-looking statements and financial outlook relate to, among other things, the expected performance, functionality and availability of the Company’s services and products, and other expectations, intentions and plans contained in this press release that are not historical facts. When used in this press release, the words “plan,” “expect,” “believe” and similar expressions generally identify forward-looking statements. These statements reflect the Company’s current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties, readers of the press release should understand that Absolute cannot assure them that the forward-looking statements and financial outlook contained in this press release will be realized. Furthermore, the forward-looking statements and financial outlook contained in this press release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements and financial outlook, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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