MDA Ltd. Completes IPO

Goodmans LLP acted for MDA Ltd. ("MDA") in the successful closing of its initial public offering of common shares (the "Common Shares") of the Company (the "Offering").

Pursuant to the Offering, MDA issued 28,571,500 Common Shares at a price of $14.00 per Common Share for gross proceeds of approximately $400 Million.

The Common Shares are listed on the Toronto Stock Exchange under the symbol "MDA". MDA is a leading provider of advanced technology and services to the burgeoning global space industry.