Directors’ Dealings

Sandvine Corporation (TSX:SVC/AIM:SAND) announces that it has been notified of the following purchases and dispositions of common shares of no par value in the Company by Directors over the period January 1, 2012 through January 19, 2012 in each case where the purchase has been pursuant to the Company’s previously announced automatic Employee Share Purchase Plan and where the dispositions have been pursuant to the non-discretionary automatic share disposition plan announced on October 12, 2010

  Shares Purchased Under Employee Share Purchase Program Avg. Price Shares Sold under Automatic Share Disposition Plan Avg. Price Current Holdings
Dave Caputo 1,258 $1.19 CAD     40,793
The Dave Caputo Trust*     Nil Nil 3,204,300
Scott Hamilton 441 $1.19 CAD     15,170

*The Dave Caputo Trust of which Dave Caputo is a Trustee.

As at January 19, 2012, the Company had 138,121,457 common shares in issue.


Rick Wadsworth, Director of Investor Relations
Sandvine Corporation
+519 880 2400 x.3503

Andrew Chubb
Canaccord Adams Limited
+44 207 050 6500