The following Management’s Discussion and Analysis (“MD&A”) is prepared in accordance with Form 51-102F1 and should be read in conjunction with the Company’s Fiscal 2018 and Second Quarter Fiscal 2019 Consolidated Financial Statements and accompanying notes. These documents, along with additional information about the Company, including the Annual Information Form (the “AIF”) for the year ended June 30, 2018, are available at www.absolute.com and under Absolute’s profile on www.sedar.com.