Real Matters Inc. Completes Initial Public Offering of Common Shares

TORONTO--()--Real Matters Inc.:

NOT FOR DISTRIBUTION IN THE UNITED STATES

Real Matters Inc. (“Real Matters”) (TSX: REAL), a leading network management services platform for the mortgage and insurance industries, today announced the successful closing of its initial public offering and secondary offering (together, the “Offering”) of an aggregate of 12,056,186 common shares of Real Matters at a price of $13.00 per common share (the “Offering Price”) for total gross proceeds of $156,730,418, with Real Matters and the Selling Shareholders receiving gross proceeds of $125,060,000 and $31,670,418, respectively.

The common shares will commence trading today on the Toronto Stock Exchange under the symbol “REAL”.

Pursuant to the Offering, Real Matters issued 9,620,000 common shares from treasury (the “Treasury Offering”). In addition, 2,436,186 common shares were sold pursuant to a secondary offering (the “Secondary Offering”) by certain shareholders (the “Selling Shareholders”). Real Matters will not receive any proceeds from the Secondary Offering.

The Offering was managed by a syndicate of underwriters, including BMO Capital Markets, INFOR Financial Inc. and BofA Merrill Lynch as lead underwriters and joint bookrunners and Scotia Capital Inc., TD Securities Inc., Wells Fargo Securities Canada, Ltd., Canaccord Genuity Corp., National Bank Financial Inc. and Raymond James Ltd. as co-managers (collectively, the “Underwriters”). Legal advice was provided to Real Matters by Wildeboer Dellelce LLP and to the Underwriters by Torys LLP in connection with the Offering.

Real Matters and certain of the Selling Shareholders have granted the underwriters an over-allotment option (the “Over-Allotment Option”), exercisable in whole or in part for a period of 30 days following the closing of the Offering, to purchase up to an additional 1,808,428 common shares at the Offering Price of $13.00 per share for additional gross proceeds of approximately $19,849,648 to Real Matters and up to an aggregate of $3,659,916 to the Selling Shareholders, respectively, if the Over-Allotment Option is exercised in full.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws. Accordingly, the common shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Real Matters in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Real Matters
Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field agents to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include 60 of the top 100 mortgage lenders in the U.S. and some of the largest insurance companies in North America. We serve the mortgage industry through the Solidifi and Linear Title & Closing brands, and the property and casualty insurance industry through the iv3 brand. Solidifi is a leading independent provider of residential real estate appraisals to the mortgage market and Linear is a leading independent provider of title and mortgage closing services in America. Real Matters is listed on the Toronto Stock Exchange under the symbol REAL. Established in 2004, Real Matters has offices in Buffalo (NY), Cincinnati (OH), Middletown (RI), and Markham (ON). For more information, visit www.realmatters.com.

Contacts

Real Matters
Lyne Fisher, 289-843-3383
Vice President, Investor Relations and Corporate Communications
lfisher@realmatters.com

Release Summary

Real Matters Inc. Completes Initial Public Offering of Common Shares

Contacts

Real Matters
Lyne Fisher, 289-843-3383
Vice President, Investor Relations and Corporate Communications
lfisher@realmatters.com