#1Dye & Durham Investor Day Presentation April 20, 2021#2Disclaimer Dye & Durham This presentation is not, and under no circumstances is to be construed as, an advertisement or public offering of the securities. The information contained in this presentation is current only as of its date and may have changed. Dye & Durham Limited (the "Company") disclaims any intention or obligation or undertaking to update or revise this information in light of new information, future events or otherwise. All amounts in this presentation are expressed in Canadian dollars, unless otherwise indicated. Certain Other Matters Except as required by applicable securities laws, the Company expressly disclaims any liability for all facts, analyses, projections, representations and warranties, express or implied, contained in this presentation. Any graphs, tables, factors or other data demonstrating the historical performance contained in this presentation are intended only to illustrate past performance and are not necessarily indicative of the future performance of the Company. Forward-Looking Statements This presentation contains forward-looking statements that relate to the Company's current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "forecast", "target", "goal", "may", "might", "will", "expect", "anticipate", "estimate", "intend", "plan", "indicate", "seek", "believe", "predict", or "likely", or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements include, among other things, statements relating to: our strategic plans and growth opportunities; the Company's financial targets; and the completion of the Company's acquisition of GlobalX. Forward-looking statements are based on certain assumptions and analyses made by the Company in light of management's experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect and there can be no assurance that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, prospective purchasers of the Company's securities should not place undue reliance on these forward-looking statements. Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under "Risk Factors" in the short-form base shelf prospectus of the Company dated November 18, 2020 and the prospectus supplements thereto. Although the Company bases these forward-looking statements on assumptions that it believes are reasonable when made, the Company cautions investors that forward-looking statements are not guarantees of future performance and that its actual results of operations, financial condition and liquidity and the development of the industry in which it operates may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if the Company's results of operations, financial condition and liquidity and the development of the industry in which it operates are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods. Given these risks and uncertainties, investors are cautioned not to place undue reliance on these forward looking statements. Any forward-looking statement that are made in this presentation speaks only as of the date of such statement, and the Company undertakes no obligation to update any forward- looking statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments, except as required by applicable securities laws. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should only be viewed as historical data. In addition, the Company's guidance on revenue and Adjusted EBITDA is considered forward-looking information. The foregoing demonstrates the Company's objectives, which are not forecasts or estimates of its financial position, but are based on the implementation of its strategic goals, growth prospects and growth initiatives. Management's assessments of, and outlook for, revenue and Adjusted EBITDA set out herein are generally based on the following assumptions: (a) the Company's results of operations will continue as expected, (b) the Company will continue effectively execute against its key strategic growth priorities, (c) the Company will continue to retain and grow its existing customer base and market share, (d) the Company will be able to take advantage of future prospects and opportunities, and realize on related synergies, including in respect of acquisitions and integration of acquired businesses, (e) there will be no changes in legislative or regulatory matters that negatively impact the Company's business, (f) current tax laws will remain in effect and will not be materially changed, (g) economic conditions will remain relatively stable throughout the period, (h) the industries the Company operates in will continue to grow consistent with past experience, (i) the Company will be able to retain key employees, and (j) the Company will continue to have access to debt and equity funding on favorable terms. The Company considers these assumptions to be reasonable in the circumstances, given the time period for such projections and targets. The achievement of target revenue set out above is subject to significant risks including: (a) that the Company will be unable to effectively execute against its key strategic growth priorities and (b) the Company will be unable to continue to retain and grow its existing customer base and market share. These estimates have been prepared by and are the responsibility of management. The Company's independent registered public accounting firm has not conducted a review of, and does not express an opinion or any other form of assurance with respect to, these estimates. Non-IFRS Measures This presentation makes reference to certain non-IFRS financial measures. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS financial measures by providing further understanding of the Company's results of operations from management's perspective. The Company's definitions of non-IFRS measures may not be the same as the definitions for such measures used by other companies in their reporting. Non-IFRS measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS. The Company uses non-IFRS financial measures, including "EBITDA", "Adjusted EBITDA", "Adjusted EBITDA Margin" and "Net Debt" to provide investors with supplemental measures of its operating performance and to eliminate items that have less bearing on operating performance or operating conditions and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. The Company believes that securities analysts, investors and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers. The Company's management also uses non-IFRS financial measures in order to facilitate operating performance comparisons from period to period. For further details on certain of these Non-IFRS measures, including relevant reconciliations, see "Cautionary Note Regarding Non-IFRS Measures" in the Company's most recent management's discussion & analysis dated February 15, 2021. 2#3Welcome Business Update Dye & Durham 3#4A global leader in critical regulatory information and workflow software for the legal community Dye & Durham Legal Specific Workflow Software Dye & Durham We created a global leader Regulatory Information and Data 4#5Proven results Dye & Durham June 2020 TODAY Built out the Platform by focusing on broadening the customer base Employees 200 1,000+ Customers $860m in capital deployed on 25,000 50,000 6 accretive acquisitions Strengthening our team: Expanded executive management capability Continents 2 3 Quarterly $9 million $30+ million Adjusted EBITDA¹ Strengthened M&A and integrations teams Active M&A pipeline (by Adj. EBITDA) $125+ million $500+ million Proven track record of delivering on commitments 1) Adjusted EBITDA is a non IFRS measure. Please see the Company's most recent management discussion and analysis dated February 15, 2021. 5#6Building a $200 million Adjusted EBITDA business Adjusted EBITDA (C$M) +5X 68 888 36.7 26.4 200 Equity raised while minimizing dilution Share price (C$) $60.00 573% accretion $50.00 $40.00 $30.00 $20.00 $10.00 h Dec 20 Feb 21 FY 2019A FY 2020A Q2 2021 Annualized FY 2022 Forecast¹ IPO-July-20 Sept 20 Nov 20 Acquiring, integrating and operating continues to deliver strong returns 1) FQ221 annualized represents as reported adjusted EBITDA; FY22E represents forecast for twelve months ending June 30, 2022 2) Includes GlobalX which is expected to close by June 30, 2021 Dye & Durham Equity raised (C$ millions) $250 $200 $150 $100 $50 in 6#7We have built a Platform for the future 50,000 customers Global coverage Application A Highly profitable with lots of cash flow Application B Dye & Durham Platform Application C We have created a highly reliable Platform for our customers 7#8A solid foundation for future growth 1. Best in class Global mission critical software platform 2. Extremely sticky blue chip customer base that provides highly reoccurring revenue Revenue Diversification 3. Dye & Durham 8#9Mission Critical Software $1.3 Trillion Driving the Global Economy 1) Management estimates Enabling critical components of the global economy 9#10Current business snapshot Market Position¹ CANADA #1 UNITED KINGDOM & IRELAND AUSTRALIA #1 #2 Pro Forma Revenue Breakdown² ~40% ~30% ~30% Employees ~350 ~230 ~4003 Dye & Durham Vast majority of revenue is generated from existing customers 1) Management estimates 2) Pro forma revenue annualized per three-month period ended December 31, 2021 3) Includes GlobalX which is expected to close by June 30, 2021 10 10#11Strategy Dye & Durham 11#12Essential software products professionals rely on Risk and complexity for our customers is increasing CUSTOMER NEEDS: MINIMIZE INTEGRATION LIABILITY 1. ACCURACY 2. TIMELINESS "Our customers cannot afford to be wrong" Dye & Durham Mission critical software for performing essential transactions 12#13Acquiring the ecosystems around the Platform Dye & Durham Acquire CUSTOMERS ✓ Borden customer base acquisitions process restatally dete ✓ Focus on customers use to estate and corporate (business Law) transactions. ✓ Focus on Canada, UK, Ireland and Australia Acquire ECOSYSTEM ✓ Acquire businesses 自 ✓ Focus on many of the necessary technology products that are required to process transactions ✓ Provide all, in one single platform that drives efficiency and improvements for customers ✓ Increase adoption with larger customer base Proven strategy successfully executed in select jurisdictions 13#14What's next Workflow Software Tools Practice Management Dye & Durham Information Services Dye & Durham Expanding beyond the core within the ecosystem Single, unified, integrated offering for legal and business professionals Make it so easy the customers don't want to leave Natural expansion of a trusted brand serving our customers' needs 14#15Where we are headed Adjusted EBITDA (C$M) Dye & Durham 200 FY 2022 1,000 Objective Build to a Billion dollars of Adj. EBITDA Dye & Durham Dye & Durham 15#16An acquisition pipeline to support building to a billion Acquisition database ] Multiple times larger Dye & Durham Prospect Initial Study $500M EBITDA¹ (pre-synergies) Active Opportunity Actionable pipeline of $500+ million in Adj. EBITDA 1) Adjusted EBITDA is a non IFRS measure. Please see the Company's most recent management discussion and analysis dated February 15, 2021. 16#17The model remains the same Acquisition Increased cash & debt capacity Adjusted EBITDA growth Acquisition Adjusted EBITDA growth Increased cash & debt capacity A Repeatable Playbook ■ Integrate Acquisition ■ Cost synergies ■ Improvements Price growth Acquire, integrate and drive Adj. EBITDA Dye & Durham 17#18Customer & Select Market Overview Dye & Durham 18#19Large & diverse customer base Law Firms & Government Legal Professionals Financial Institutions 50,000+ Active clients 3 Dye & Durham Net Promoter Score: 47° Predictable Business Model 2% Customer churn¹ 16.6 years average tenure of top 100 accounts² Software Industry Average: 303 Dye & Durham Broad blue-chip client base 1 Calculated by multiplying (a) 100, by (b) a fraction, (i) the denominator of which is the total number of clients that generated revenue of $5,000 in FY2018, and (ii) the numerator of which is the total number of clients from (i) that generated no revenue in FY2019. 2 Based on the Company's top 100 clients by revenue in Q2 FY2021. 3 NICE Systems Inc. 2019 U.S. Consumer Net Promoter Benchmarks. 19#20Our legal software automates workflow, connects stakeholders and streamlines access to critical data. Dye & Durham Maximizing efficiencies & increasing productivity for legal professionals 20#21Dye & Durham The central role of the law firm Law firms practicing Real Estate and Corporate Law create value for their customers by orchestrating complex multi- party transactions. ✓ Due diligence is paramount ✓ Documentation must be accurate ✓ Parties must be properly informed and protected ✓ Financial matters must be properly recorded and reported ✓ Accuracy and timeliness are mission critical Client Registration Government Documentation Law Firm & Accounting Coordination модел од о 8 อวueu!」 unication S The digital economy demands law firms are equipped to transact in timely manner 21 221#22Software makes the complex simple Fast Time consuming Hours Minutes Dye & Durham Accurate Error-prone Human input Automated data entry with superior digital search Easy Cumbersome Multiple log-ins Single sign-on, all-in-one solution, pre-paid Unified Disparate Multiple databases Cohesive reporting, organized & accessible online 24/7 Intelligent workflow, improved throughput 22 22#23Mission critical software Platforms that power economies Dye & Durham Real Estate Purchase. Sale. Mortgage Validation Dye & Durham Real Estate Solutions Matter Management Workflow Critical Real-Time Data Integrated Services Stakeholder Management Financial Settlement Consumers • Public Records • Lenders • Insurers . Realtors • Mortgage Brokers Electronic Filing & Reporting Complete, end-to-end transaction management... Fast, efficient, accurate! 23 23#24Mission critical software Platforms that power economies Dye & Durham Incorporation Due Diligence Auto Financing M&A Business Financing Validation Dye & Durham Business Law Solutions . Corporate Registries . Land Registries . WRITS Registries . PPSA Registries Matter Management Workflow Critical Real-Time Data Integrated Services Stakeholder Management Financial Settlement An essential service enabling business 24#25Real estate solutions: BC case study In British Columbia Dye & Durham's proprietary workflow software is an industry standard; processing virtually all real estate transactions in the market Dye & Durham has integrated and automated the end-to-end closing process in BC The Company has acquired several key businesses along the closing process value chain Where Dye & Durham doesn't own a part of the value chain, it partners and integrates with 3rd parties This strategy has yielded many positive outcomes: Owned by D&D Partnered with D&D • Deeply imbedded Platform • Larger share of wallet for each transaction Created competitive differentiators • Increased willingness to pay premium price Mortgage Discharge Electronic Lender Instructing Condominium status records Dye & Durham Municipal tax certificates Title Insurance Accounting Governmen t Registries Acquiring businesses across the real estate value chain has been key to our success Dye & Durham 25 25#26Our Global footprint is comprised of 26 distinct markets Dye & Durham YK NWT BC AB NV SK SE MB N. Ireland NFL ON QC NB Canada Ireland SCT WLS UK & Ireland WA NT SA Australia VIC QLD TAS NSW Strategy is ideally suited to be replicated in all markets 26#27Value-based pricing Dye & Durham ✓ Deeply embedded workflow ✓ Integrated data and services. ✓ Exclusive capabilities not offered anywhere else ✓ High customer switching costs ✓ All transaction fees disbursed as part of a much larger transaction Fair price for value delivered 27#28Customers • +50,000 loyal customers who's daily processes are highly dependent on our platforms and services. Leveraging deep domain expertise to grow across the value chain and capture a larger share of wallet. Blue-Chip Legal Professionals сь Other Blue-Chip Customers Canada STIKEMAN ELLIOTT DAVIES CASSELS BROCK LAWYERS G Canada Revenue GILBERT + TOBIN Agency Chaitons Service Canada mcmillan DENTONS Bennett Jones NORTON ROSE FULBRIGHT FASKEN MARTINEAU OSLER Osler, Hoskin & Harcourt LLP Goodmans gowlings Blakes TAYLOR WALTON SOLICITORS TORYS mccarthy tetrault VIV OWENS WRIGHT LLP BARRISTERS & SOLICITORS LLP BRATTYS BARRISTERS AND SOLICITORS Australian Government Department of the Environment NSW GOVERNMENT Ontario BRITISH Ministry of COLUMBIA Justice bc Land Title & Survey Ontario MINISTRY OF THE ATTORNEY GENERAL Minter Ellison Alberta bird & co solicitors LLP LAWYERS Service Alberta nab RBC ANZ OMERS Scotiabank CHASE Commonwealth Bank Travelex worldwide NATIONAL BANK Dye & Durham Servicing blue-chip customers in essential industries 28#29Financial Overview & Acquisition Integration Dye & Durham 29#30Delivering on our commitments Revenue Target Growth Set in 2018 Actual Growth FY 2019 Actual Growth FY 2020 Target Growth Set at IPO 20-25% 35% 50% 20%-25% Actual growth Dye & Durham Q2 FY21 Annualized¹ 70% Adjusted EBITDA 20-25% 38% 39% 20%-25% 61% A proven track record of value creation 1) FQ221 annualized represents as reported revenue and adjusted EBITDA; FY22E represents forecast for twelve months ending June 30, 2022 2) Includes GlobalX which is expected to close by June 30, 2021 30#31High growth, high-margin business Adjusted EBITDA¹ (C$M) +5X 68 888 36.7 26.4 200 FY 2019A FY 2020A Q2 2021 Annualized FY 2022 Forecast $200M Adjusted EBITDA forecast in FY 2022 Dye & Durham 50%+ Historical Adjusted EBITDA margin¹ Effectively deployed $860M capital to drive EBITDA growth² 1) Adjusted EBITDA and Adjusted EBOTDA margin are non IFRS measures. Please see the Company's most recent management discussion and analysis 2) Includes GlobalX which is expected to close by June 30, 2021 31#32Revenue model Dye & Durham Dye & Durham's transaction based revenue model provides for significant price elasticity Fees are applied as a flow through cost to clients in the form of disbursements. Law Firms receive the benefits of our mission critical, time saving, platforms without having to bare the costs. $8-$16 on a $50K lease or purchase $50 on a $800 incorporation $129 on a $1M real estate transaction A proven, perpetual, revenue model 32#33Highly re-occurring revenue Revenues 70,000 60,000 50,000 40,000 30,000 20,000 10,000 97% CAGR Dye & Durham Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021E Annuity-like revenue streams 33#34Strong balance sheet Actual Adjustments Pro-forma Balance sheet ($M) 31-Dec-20 31-Dec-20 31-Dec-20 Cash 251 270 521 Liquidity available for future acquisitions Trade and other receivables 27 27 Total assets 1,132 359 1,491 Customer deposits 6 6 Trade and other payables 36 36 46% Committed credit facility 54% Loans and borrowings 405 (167) 238 Cash Convertible debentures 345 345 Equity 557 192 749 Credit metrics Debt/ Adjusted EBITDA FY2022 1.19 Current N.M. Current N.M. ~$1B in dry powder for future acquisitions Dye & Durham 34#35Free cash flow 100% (10%-14%) (16% - 20%) 70% (7%-8)% ~4% of revenue Dye & Durham 63% Adjusted EBITDA Interest costs Cash tax FCF Growth Cap Ex FCF (After Growth Cap Ex) High cash conversion 35#36Integration blueprint Vision and strategy Ch Degree and speed of integration Risks and issues Program Management 1. Synergy realization a. Value-based Pricing b. Cost reduction 2. Back-office integration Key Principles Core Systems Sample Tracker • Product Platforms & Infrastructures • ERP (NetSuite) •HRIS (Sage People) •Office 365 (dyedurham.com) Synergy benefits Key Milestones •Core Responsibilities ⚫Data Warehouse •CRM (Salesforce) •⚫Telephony (RingCentral) Processes & People • Delegation of Authority • Banking • Access Controls & Change Control ⚫ Business Continuity & Disaster Recovery ⚫ IT Service Desk Employee Onboarding & Payroll Complete ง ง くく Dye & Durham Straightforward, low risk and highly effective 36#37Effectively managing integration ESSENTIAL NATURE OF DIGITAL INFRASTRUCTURE Deeply embedded customers Work process mandatory, not optional High market share Limited alternatives LOW-RISK PLAYBOOK Independent tech stacks Effective back office integration DEMONSTRATED TRACK RECORD OF SUCCESS Well-established integration management team 3 integrations ongoing Annuity-like revenue streams Dye & Durham • INTEGRATION PLAYBOOK (select components) Migrate to D&D systems and processes: HR, legal, etc. • Implement D&D accounting policies and standards • Establish and implement internal controls framework Integration of production IT into cloud environment . Transition to D&D ERP • Migrate D&D data warehouse • Migrate employees to D&D Microsoft tenant • Promote key managers to D&D leadership team and establish and roll out new org structure • No white elephants 20+ acquisitions since 2013 Upgrade network and cybersecurity to D&D standards Execute and track deal synergies Long-tenured, well-understood, low-risk playbook 37#38Conclusion Dye & Durham 38#391. Built a mission critical Platform foundation 2. Sizable opportunity ahead to acquire the ecosystem that surrounds our Platform 3. Clear line of site to build to a billion of Adj. EBITDA 4. A proven model and the right team to execute Dye & Durham#40Q&A Dye & Durham 40