Stratasys Agrees to Settle Merger Litigation

Stratasys SSYS announced today that it has signed a memorandum of understanding to settle the previously disclosed class action lawsuit captioned Hennig v. Crump, et al., C.A. No. 7670-VCL pending in the Delaware Court of Chancery and the class action lawsuit in the District Court, Fourth Judicial District, Hennepin County, Minnesota entitled Legette v. Crump, et al., File No. 27-cv-12-14321. A third action, Askersrud v. Stratasys Inc., et al., also pending before District Court, Fourth Judicial District, Hennepin County, Minnesota under File No. 27-cv-12-15581, will be voluntarily dismissed by the plaintiff. Pursuant to the memorandum of understanding, Stratasys has agreed to make certain additional disclosures related to the proposed merger. The additional disclosures supplement the disclosure contained in the proxy statement filed by Stratasys with the Securities and Exchange Commission (“SEC”) on August 8, 2012 (the “Proxy Statement”), and should be read in conjunction with the disclosures contained in the Proxy Statement, which in turn should be read in its entirety. The memorandum of understanding also provides, among other things, that the parties will seek to enter into a stipulation of settlement which provides for the release of certain claims held by such class. The stipulation of the settlement will be subject to customary conditions, including court approval. There can be no assurance that the parties will ultimately enter into a stipulation of settlement that receives court approval. The settlement will not affect the timing of the special meeting of Stratasys stockholders, which is scheduled for Friday, September 14, 2012, beginning at 3:00 p.m., Central Time, at Hotel Sofitel, Chambord Meeting Room, 5601 West 78th Street, Bloomington, Minnesota 55439.