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KEYW Announces Proposed Public Offering Of Common Stock

HANOVER, Md., Sept. 17, 2012 (GLOBE NEWSWIRE) -- The KEYW Holding Corporation (Nasdaq:KEYW) today announced that it intends to offer 6,500,000 shares of its common stock in an underwritten public offering. The Company expects to grant the underwriters an option to purchase up to an additional 975,000 shares of common stock offered to cover overallotments of shares, if any. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

RBC Capital Markets, LLC is acting as sole book-running manager for the proposed offering. Dominick & Dominick LLC, FBR and Noble Financial Capital Markets are acting as co-managers for the proposed offering.

The Company intends to use the net proceeds of the offering (i) to pay down a portion of outstanding indebtedness under its asset backed credit facility with Bank of America, N.A. and (ii) to pay a portion of the purchase price for its pending acquisition of Poole & Associates Inc. The Company anticipates funding the remaining portion of the cash consideration payable in connection with its pending acquisition of Poole, as well as the cash consideration payable in connection with its pending acquisition of Sensage, Inc. through credit facility borrowings. The acquisitions are subject to customary closing conditions, and if they are not completed, the Company will use the net proceeds of the offering for working capital, capital expenditures and other general corporate purposes, including potential future acquisitions.

A shelf registration statement relating to the shares to be sold in the offering was filed with the Securities and Exchange Commission (SEC) and declared effective. A preliminary prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC's website located at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may be obtained from RBC Capital Markets, LLC, Three World Financial Center, 200 Vesey Street, New York, NY 10281, Attention: Equity Syndicate, Phone: 877-822-4089.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

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