Redknee Common Shares Approved On Toronto Stock Exchange

Trading in Redknee shares on the TSX is anticipated to commence at 9:30 a.m. EDT on October 22, 2008 with the symbol RKN. Redknee believes the listing of its shares on the TSX will enable it to broaden its investor base, raise the Company's profile in Canada and North America and provide a presence on its local Canadian exchange.

The TSX listing is in line with Redknee's growth strategy to increase market share in key geographic regions while continuing to add new operators, increase sales within its existing customer base and follow its disciplined product development strategy. Part of this strategy involves continuing to assess strategic acquisition opportunities as well as key technical and sales partnerships. The listing on the TSX will support many of these activities by allowing Redknee to broaden its profile across a number of territories and expand its investor base in Canada and North America.

In February 2007, Redknee was admitted to trading on AIM, raising CAD$35.7 million net of expenses. The Company's strategy following admission has been to invest and expand its sales, marketing and customer support capabilities as well as funding ongoing research and product development.

The Company remains committed to its AIM listing and UK shareholders, and Redknee's listing on the AIM market will continue and remains unaffected by the listing of Redknee shares on the TSX. Redknee is headquartered in Toronto, Canada and has customers in more than 50 countries worldwide. -- www.cnxmarketlink.com