Form 8.3 - Bond International Software Plc


                                                                                            FORM 8.3

                      PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
               A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
                             Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

----------------------------------------------------------------------------------------------------
(a) Full name of discloser:                                          Constellation Software Inc. and
                                                                     Mark Leonard
----------------------------------------------------------------------------------------------------
(b) Owner or controller of interests and short positions disclosed,
    if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For
    a trust, the trustee(s), settlor and beneficiaries must be
    named.
----------------------------------------------------------------------------------------------------
(c) Name of offeror/offeree in relation to whose relevant            Bond International Software Plc
    securities this form relates:
    Use a separate form for each offeror/offeree
----------------------------------------------------------------------------------------------------
(d) If an exempt fund manager connected with an offeror/offeree,
    state this and specify identity of offeror/offeree:
----------------------------------------------------------------------------------------------------
(e) Date position held/dealing undertaken:                           October 2, 2015
    For an opening position disclosure, state the latest 
    practicable date prior to the disclosure
----------------------------------------------------------------------------------------------------
(f) In addition to the company in 1(c) above, is the discloser       NO
    making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state "N/A"
----------------------------------------------------------------------------------------------------

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE                                        

If there are positions or rights to subscribe to disclose in more than one class of relevant
securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each
additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the
disclosure relates following the dealing (if any)

----------------------------------------------------------------------------------------------------
Class of relevant security:                                          £0.01 Ordinary Shares
----------------------------------------------------------------------------------------------------
                                                               Interests          Short positions   
                                                        --------------------------------------------
                                                           Number        %       Number        % 
----------------------------------------------------------------------------------------------------
(1) Relevant securities owned and/or controlled:

Ordinary shares                                          8,802,583     23.26%
----------------------------------------------------------------------------------------------------
(2) Cash-settled derivatives:
----------------------------------------------------------------------------------------------------
(3) Stock-settled derivatives (including options)
    and agreements to purchase/sell:
----------------------------------------------------------------------------------------------------
    TOTAL:                                               8,802,583     23.26%*
----------------------------------------------------------------------------------------------------

                 *2.55% of this holding belongs to Company Chairman, Mark Leonard.                 
----------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------
Class of relevant security:                                         £0.01 Non-Voting Shares
----------------------------------------------------------------------------------------------------
                                                               Interests          Short positions   
                                                        --------------------------------------------
                                                           Number        %       Number        % 
----------------------------------------------------------------------------------------------------
(1) Relevant securities owned and/or controlled:

Non-voting convertible shares                            4,720,558      100%
----------------------------------------------------------------------------------------------------
(2) Cash-settled derivatives:
----------------------------------------------------------------------------------------------------
(3) Stock-settled derivatives (including options)
    and agreements to purchase/sell:
----------------------------------------------------------------------------------------------------
    TOTAL:                                               4,720,558      100%
----------------------------------------------------------------------------------------------------

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to
purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

----------------------------------------------------------------------------------------------------
Class of relevant security in relation to which subscription right exists:
----------------------------------------------------------------------------------------------------
Details, including nature of the rights concerned and relevant percentages:
----------------------------------------------------------------------------------------------------

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class
of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

---------------------------------------------------------------------------------------------------
 Class of relevant          Purchase/sale             Number of                     Price per unit
     security                                         securities
---------------------------------------------------------------------------------------------------
 Ordinary shares            Sale                      2,500                         116 p
---------------------------------------------------------------------------------------------------

(b) Cash-settled derivative transactions

---------------------------------------------------------------------------------------------------
 Class of           Product           Nature of dealing             Number of           Price per
 relevant         description       e.g. opening/closing a          reference              unit
 security           e.g. CFD         long/short position,           securities
                                     increasing/reducing a
                                      long/short position
---------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

----------------------------------------------------------------------------------------------------
 Class of      Product        Writing,        Number      Exercise     Type     Expiry     Option  
 relevant    description    purchasing,         of         price       e.g.      date       money  
 security     e.g. call       selling,      securities    per unit   American,              paid/  
               option       varying etc.     to which                European             received 
                                              option                   etc.               per unit 
                                              relates                                             
----------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------

(ii) Exercise

----------------------------------------------------------------------------------------------------
 Class of             Product             Exercising/           Number of           Exercise price
 relevant           description            exercised            securities             per unit
 security        e.g. call option           against                                             
----------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------

(d) Other dealings (including subscribing for new securities)                             

----------------------------------------------------------------------------------------------------
  Class of relevant           Nature of dealing                 Details         Price per unit (if
      security          e.g. subscription, conversion                               applicable)
----------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

----------------------------------------------------------------------------------------------------
Details of any indemnity or option arrangement, or any agreement or understanding, formal or
informal, relating to relevant securities which may be an inducement to deal or refrain from dealing
entered into by the person making the disclosure and any party to the offer or any person acting in
concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state "none"
----------------------------------------------------------------------------------------------------
On 20 October 2010, Constellation Software Inc, (CSI) entered into a standstill agreement with Bond
International Software Plc (Bond) pursuant to which CSI undertook to Bond that until 20 October 2015
it will not, and it will procure that members of its group, its concert parties and Mark Leonard
will not, without the prior written consent of Bond acquire any interest in the Ordinary Shares of
Bond if, as a result, it or such other parties, either alone or in aggregate, would have an interest
in 24 per cent. or more of the voting rights of Bond. Nothing in the standstill agreement restricts
CSI, any member of its group, its concert parties or Mark Leonard from accepting a general offer for
the whole of the issued equity share capital of Bond made in accordance with the Code.
----------------------------------------------------------------------------------------------------

(b) Agreements, arrangements or understandings relating to options or derivatives

----------------------------------------------------------------------------------------------------
Details of any agreement, arrangement or understanding, formal or informal, between the person
making the disclosure and any other person relating to:
(i)  the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any
     derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
----------------------------------------------------------------------------------------------------
None
----------------------------------------------------------------------------------------------------

(c) Attachments

----------------------------------------------------------------------------------------------------
Is a Supplemental Form 8 (Open Positions) attached?                                     NO
----------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------
Date of disclosure:                                 October 5, 2015
----------------------------------------------------------------------------------------------------
Contact name:                                       Jamal Baksh
----------------------------------------------------------------------------------------------------
Telephone number:                                   +1-416-861-9677
----------------------------------------------------------------------------------------------------

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and
must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market
Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on
+44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

Contact Information:

Constellation Software Inc.