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Safeguard Scientifics' CEO Hosts Annual Shareholder Meeting (Transcript)

Deirdre Blackburn – Secretary

Mr. Chairman notices this meeting has been sent to all shareholders entitled to vote at the meeting, the certified list of shareholders entitled to vote at this meeting is available and maybe examined by any shareholder present. More than a majority of the company’s outstanding shares entitled to vote are represented either in person or by proxy of this meeting, which is enough to constitute a quorum.

Andy Lietz – Chairman

Since the quorum is present, we can now proceed with the business of the meeting. If you have previously voted, you do not need to vote in person unless you wish to change your vote. Ballots have been made available to those shareholders who indicated a desire to vote in person. If any shareholder has not yet received a ballot and wishes to vote in person, please raise your hand so that we may distribute one to you at this time.

I will review the other matters to be voted upon and then we will open the polls for voting. The first order of business is to elect eight directors to whole office for the next year. The persons nominated by the board for election as directors are Peter Boni, Julie Dobson, George MacKenzie, George McClelland, Jack Messman, John Roberts, Robert Rosenthal, and me.

The second order of business is the proposal to ratify the appointment of KPMG as Safeguard’s Independent Registered Public Accounting Firm for 2012.

The third and final order of business is a vote on a non-binding advisory resolution as set forth in the proxy statement concerning the compensation of Safeguard’s named executives. Those being all the formal items that come before the meeting for a vote, the polls are now open for voting. If you are voting by ballot, please mark your ballots and raise your hand, so that your ballot can be picked up and your votes are counted. Are there any other ballots that have not yet been collected? Since all shareholders desiring to vote have done so, I declare the poll is closed. The judge of election will now tabulate the votes. Deirdre, thank you very much.

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