RIA News Desk

Actuate Corporation has announced the final results of its modified Dutch auction tender offer for up to $60 million of its common stock, which expired at 12:00 midnight, New York City time, on Thursday, December 18th.

Based on a final count by the depositary for the tender offer, a total of approximately 20.7 million shares of common stock (including shares tendered by notice of guaranteed delivery) were properly tendered and not withdrawn at prices within the stated range for the tender offer of $3.00 to $3.50 per share. The Company has accepted for purchase and will promptly pay $3.50 per share for 17,142,857 of these shares at a total cost of $59,999,999.50. This represents a proration rate of approximately 83.0%.

The common stock accepted for purchase represents approximately 28.5% of Actuate's 60,540,237 shares of common stock issued and outstanding as of September 30, 2008. As a result of the completion of the tender offer, immediately following payment for the tendered common stock, Actuate expects that approximately 43.4 million shares of common stock will be issued and outstanding.