Message to Shareholders

Dear Shareholders,

Axway has been listed on NYSE Euronext Paris since 14 June 2011. This initial public offering culminated the successful spin-off of Axway from its former parent company, Sopra Group. Axway has thus operated as a separate, autonomous entity since that date, pursuing its own worldwide development project.

In 2012, Axway will be holding the first Annual General Meeting of its shareholders, providing an opportunity to meet directly with you to reiterate the company’s goals and present its future prospects.

I have every confidence that we will continue to earn your trust, which is essential to the success of our project for the years to come.

Christophe Fabre
Chief Executive Officer, Axway