Sandvine's Annual and Special Meeting of Shareholders to Take Place April 11, 2013

WATERLOO, ON, March 7, 2013 /CNW/ - Sandvine Corporation (TSX:SVC; AIM:SAND) ("Sandvine") today announced that its Annual and Special Meeting of Shareholders will take place on April 11, 2013. The meeting will take place at 11:00 a.m. at the Princess Twin Theatre, 46 King Street North, Waterloo, ON. The special business to be acted on at the meeting includes:

  1. The consideration of certain amendments to the Corporation's stock option plan to address ongoing refinements to recommended best practices for option plans.
  2. The proposed renewal and approval of unallocated options under the Corporation's existing stock option plan as required by the Toronto Stock Exchange rules every three years for a plan of this nature.
  3. Shareholder approval to amend the Corporation's Bylaw No. 1 to provide for advance notice of nominations of directors (an "Advance Notice Provision") in circumstances where nominations for election to the Board of Directors are made by shareholders other than pursuant to: (i) a shareholder proposal made in accordance with the Ontario Business Corporations Act ("OBCA"); or (ii) a requisition of a meeting of shareholders made in accordance with the OBCA. The purpose of the Advance Notice Provision is to give sufficient notice and information regarding director nominations so that shareholders can register an informed vote, and to establish a clear, orderly and efficient process for such nominations. The Advance Notice Provision has been adopted by the Board of Directors as of March 6, 2013 to be effective immediately and will be placed before shareholders for confirmation, approval and ratification at the upcoming shareholder meeting. Notwithstanding the foregoing, the Advance Notice Provision shall not apply to the annual and special meeting of shareholders of the Corporation to be held on April 11, 2013 or any adjournment or postponement thereof.

Full details on all matters to be acted on will be included in the Company's Management Information Circular, to be mailed to shareholders and filed on

Sandvine's network policy control solutions add intelligence to fixed, mobile and converged communications service provider networks to enable services that can increase revenue and reduce network costs. Powered by Sandvine's Policy Engine and SandScript policy language, Sandvine's networking equipment provides end-to-end policy control functions including traffic classification, and policy decision and enforcement across the data, control and business planes. Sandvine's products provide actionable business insight, the ability to deploy new subscriber services and tools to optimize traffic while enhancing subscriber Internet quality of experience.

Sandvine's network policy control solutions are deployed in more than 200 networks in over 85 countries, serving hundreds of millions of data subscribers worldwide,

Certain statements contained in this news release constitute forward-looking information within the meaning of securities laws.

Forward-looking information may relate to our future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts.

These statements are based on certain factors and assumptions including expected growth, results of operations, performance and business prospects and opportunities. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

Forward looking-information is also subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from what we currently expect. These factors include changes in market and competition, governmental or regulatory developments and general economic conditions.

SOURCE: Sandvine Incorporated

For further information:

Rick Wadsworth
+1 519 880 2400 ext. 3503

Andrew Chubb/Simon Bridges
Canaccord Genuity Limited
+44 0207 050  8000

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