Optiva Inc. established a financing committee, consisting of independent directors Robert Stabile and Anuroop Duggal, to conduct a process to review and assess, among other things, Optiva's alternatives to complete a financing transaction involving the issuance of subordinate voting shares or other securities of the Company. As part of the Financing Committee's process, it is expected that the Financing Committee will fairly consider in an evenhanded manner any reasonable financing alternatives that may be made available to the Company in accordance with that process, including without limitation from any existing shareholder of the Company or OceanLink Management Ltd. There can be no assurance that any such financing alternatives will be made available to the Company on terms that the Financing Committee considers to be in the best interests of Optiva, or that any financing or other transaction will be completed by the Company. The company also announced that Andrew Price and Neeraj Gupta have been added to the Company's board of directors. Biographies of Messrs. Price and Gupta will be added to the Company's website.