DataWind Inc. Announces Delay in Filing Annual Financial Statements

MISSISSAUGA, ONTARIO--(Marketwired - June 29, 2015) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

DataWind Inc. ("DataWind" or the "Company") (TSX:DW) confirmed today that the filing of its annual financial statements, management's discussion and analysis ("MD&A"), the related officer certifications and the annual information form for the financial year ended March 31, 2015 (collectively, the "Annual Filings") will be delayed to provide time to complete the audit and will be filed within the next 4 business days. The Company continues to work with the auditors to complete the audit of the annual financial statements.

Further details regarding the filing of the Annual Filings and the holding of a conference call to discuss the year-end results will be provided in due course.

The Company intends to comply with the provisions of the alternative information guidelines as set out in the National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults for as long as it remains in default.

About DataWind

DataWind is a leader in low-cost Internet connectivity for emerging markets. DataWind's mission is to bring the Internet, which has the ability to create tremendous social and economic benefits, to billions of unconnected people in the developing world. The Company's Internet Delivery Platform offers a low-cost Internet browsing solution by bundling an affordable tablet device with an inexpensive, pre-paid, 2G Internet service plan. DataWind is traded on the Toronto Stock Exchange (TSX: DW). For more information visit www.datawind.com.

No securities regulatory authority has either approved or disapproved the contents of this press release.