DataMirror Corporation

DataMirror Corporation

July 28, 2006 16:00 ET

DataMirror Announces Final Results of Substantial Issuer Bid

TORONTO, CANADA--(CCNMatthews - July 28, 2006) - DataMirror Corporation (TSX:DMC), today announced the final results of its offer dated June 16, 2006 to purchase for cancellation up to 2,000,000 common shares. The offer for the common shares expired at 5:00 p.m. (Toronto time) on July 24, 2006. Based on final reports from CIBC Mellon Trust Company on the response to its offer to purchase common shares, the number of common shares deposited at or below the purchase price as at the expiration date of the offer for common shares was 2,925,063. The final proration factor that has been applied to common shares properly deposited is 0.683746. As a result, shareholders who deposited common shares will have approximately 68.4% of their common shares bought back at a price of $11.00 per common share, subject to adjustments to avoid the purchase of fractional shares. As a result of this process, 2,000,000 common shares were purchased for cancellation. Payment for common shares tendered and accepted for purchase will be made by July 31, 2005.

The common shares repurchased comprise approximately 24.0% of the outstanding common shares of the Company. After giving effect to the repurchase and cancellation, there will remain outstanding approximately 6,342,000 common shares of the Company.

About DataMirror

DataMirror (TSX:DMC), a leading provider of real-time data integration and data protection solutions, improves the integrity and reliability of information across all of the systems that create and store data. DataMirror's flexible and affordable integration solutions allow customers to easily and continuously detect, translate, and communicate all information changes throughout the enterprise. DataMirror helps customers make better decisions by providing access to the continuous, accurate information they need to take timely action and move forward faster. More than 2,100 companies have gained tangible competitive advantage from DataMirror software. DataMirror is headquartered in Markham, Canada, and has offices around the globe. For more information, visit

Note to Readers: This press release contains certain statements that constitute forward-looking information or statements within the meaning of applicable securities laws ("forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events or the Company's actual results or performance to differ from the projected events, results or performance contained in such forward-looking statements. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. DataMirror cautions you not to place undue reliance upon such forward-looking statements, which speak only as of the date they are made. The words "anticipate", "believe", "estimate" and "expect" and similar expressions are intended to identify forward-looking statements. Numerous important factors affect DataMirror's ability to repurchase shares pursuant to a substantial issuer bid, and the timing of such an issuer bid or repurchases, as indicated by this press release or by any forward-looking statements made by, or on behalf of, DataMirror, and there can be no assurance that DataMirror will be able to repurchase its shares as set out herein. These factors include, but are not limited to, the following: the need to obtain exemptions from or approval of applicable regulatory authorities including provincial securities commissions and the Toronto Stock Exchange, the satisfaction or waiver of various conditions customary for transactions of this nature, market forces, the financial strength of the company and other factors discussed in DataMirror's Annual Information Form and other periodic filings with applicable securities regulators. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those indicated in any forward-looking statements. DataMirror disclaims and does not assume any obligation to update these forward-looking statements.

Copyright 2006 DataMirror Corporation. All rights reserved. DataMirror is a registered trademark of DataMirror Corporation. All other brand or product names are trademarks or registered trademarks of their respective companies.

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