Sandvine Corporation - Stock buyback program

RNS Number:0312S
Sandvine Corporation
10 April 2008

SANDVINE'S RECEIVES APPROVAL FOR STOCK BUYBACK PROGRAM

Waterloo, Ontario, April 9th, 2008 - Sandvine Corporation (TSX:SVC; AIM:SAND)
("Sandvine") today announced that it has received acceptance from the Toronto
Stock Exchange (the "TSX") of Sandvine's notice of intention to make a Normal
Course Issuer Bid (NCIB). Under the NCIB, Sandvine can purchase for cancellation
up to 10,152,791 of its common shares ("Shares"), representing approximately ten
percent of its public float, during the one year period commencing April 11,
2008 and ending April 10, 2009.

The actual number of Shares purchased, the timing of purchases and the price at
which the Shares are bought will depend upon future market conditions, and upon
potential alternative uses for Sandvine's cash resources. Any purchases will be
made by Sandvine at the prevailing market price of the Shares at the time of
purchase and will be subject to a maximum daily purchase volume of 227,719
Shares except as otherwise permitted under the TSX NCIB rules. All Shares
purchased under the NCIB will immediately be cancelled. As at April 9th, 2008,
Sandvine had 137,192,799 Shares issued and outstanding.

Sandvine intends to enter into an automatic purchase plan arrangement commencing
as of April 11, 2008 with CIBC World Markets ("CIBC") pursuant to which CIBC
will carry-out purchases on behalf of Sandvine under the NCIB through the
facilities of the TSX.

ABOUT SANDVINE

Sandvine's award-winning network equipment helps DSL, FTTx, cable, fixed
wireless and mobile operators characterize what is really happening on their
networks, enabling polices that improve customer satisfaction, reduce
operational costs and increase profitability. Sandvine's policy management
solutions are both application and subscriber-aware, empowering service
providers to better manage network traffic congestion, mitigate the
proliferation of malicious traffic, and deliver QoS-prioritized multimedia
services. With more than 100 customers in over 40 countries, Sandvine is
enhancing the Internet experience for millions of broadband users worldwide.
www.sandvine.com.

INVESTOR RELATIONS CONTACT AIM NOMAD
Rick Wadsworth Andrew Chubb
Sandvine Canaccord Adams Limited
+1 519 880 2400 ext. 3503 +44 207 518 2791/+44 207 518 7360
rwadsworth@sandvine.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain statements contained in this news release constitute forward-looking
information within the meaning of securities laws.

Forward-looking information may relate to our future outlook and anticipated
events or results and, in some cases, can be identified by terminology such as
"may", "will", "should", "expect", "plan", "anticipate", "believe", "intend",
"estimate", "predict", "potential", "continue" or other similar expressions
concerning matters that are not historical facts.

These statements are based on certain factors and assumptions including expected
growth, results of operations, performance and business prospects and
opportunities. While we consider these assumptions to be reasonable based on
information currently available to us, they may prove to be incorrect.

Forward looking-information is also subject to certain factors, including risks
and uncertainties, that could cause actual results to differ materially from
what we currently expect. These factors include changes in market and
competition, governmental or regulatory developments and general economic conditions.

This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCUKAKRWORSRAR