ABSOLUTE SOFTWARE CORPORATION (TSX: ABT) Second Quarter Fiscal 2018 Management’s Discussion and Analysis For the three and six months ended December 31, 2017 Dated: February 13, 2018. 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 2017 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, 2017 are available at www.absolute.com and www.sedar.com.