ABSOLUTE SOFTWARE CORPORATION (TSX: ABT) Second Quarter Fiscal 2017 Management’s Discussion and Analysis For the three and six months ended December 31, 2016 Dated: February 6, 2017. The following Management’s Discussion and Analysis (“MD&A”) is prepared in accordance with National Instrument 51-102F1, and should be read in conjunction with the Company’s Fiscal 2016 Consolidated Financial Statements and accompanying notes. These documents, along with additional information about the Company, including the Annual Information Form for the year ended June 30, 2016, as amended, are available at www.absolute.com and www.sedar.com.