Acquisition of Thinksoft completes

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF LOCAL APPLICABLE SECURITIES LAWS OR REGULATIONS.

For immediate release

SQS Software Quality Systems AG("SQS" or the "Company")

Acquisition of Thinksoft completes

The Company is pleased to announce that, following the conclusion of the Tender Offer process in India, the Company has acquired 53.35 per cent. of the issued share capital of Thinksoft. The Acquisition was completed following acceptance by shareholders of Thinksoft representing 0.28 per cent. of the issued share capital of Thinksoft pursuant to the Tender Offer, and the sale by the Founders of additional shares representing 27.31 per cent. of the issued share capital of Thinksoft to SQS.

Defined terms in this announcement shall have the same meaning as those set out in the Company's announcement of 8th November 2013.

Enquiries:

SQS Software Quality Systems AG +49 (2203) 91 54 0

Diederik Vos, Chief Executive Officer

René Gawron, Chief Financial Officer

Canaccord Genuity Limited (Nomad and Joint Broker) + 44 (0) 20 7523 8000

Corporate Finance: Simon Bridges / Peter Stewart / Cameron Duncan

ECM: Tim Redfern / Kit Stephenson

Westhouse Securities (Joint Broker) +44 (0) 20 7601 6100

Corporate Finance: Robert Finlay / Antonio Bossi

Corporate Broking: Henry Wilcocks / Richard Johnson

Walbrook PR Limited +44 (0) 20 7933 8780

Bob Huxford / Helen Westaway