Normal Course Issuer Bid By Perle Systems Limited

Business Wire, Sept 11, 1998

TORONTO--(BUSINESS WIRE)--Sept. 11, 1998--Perle Systems Limited (TSE:PL)(NASDAQ:PERLF) announced yesterday that The Toronto Stock Exchange ("TSE") has approved its notice of intention to make a normal course issuer bid for a portion of its outstanding common shares as appropriate opportunities arise from time to time. Perle's normal course issuer bid will be made in accordance with the by-laws, rules and policies of the TSE. Perle may purchase common shares for the twelve-month period commencing on September 14, 1998 and ending on September 13, 1999.

Perle currently has outstanding 7,172,508 common shares. Pursuant to the notice, Perle is permitted to acquire up to 574,000 of these shares, which number represents approximately 10% of the public float. Purchases will be made at the market prices through the facilities of the TSE and Nasdaq SmallCap Market. Perle intends to cancel the common shares that it purchases. The board of directors of Perle believes that, on occasion, common shares of the company become available at prices which make their purchase an attractive investment and an appropriate use of Perle's funds.

CONTACT: Perle Systems Limited

J. Douglas Langford, 905/946-5001

Email: dlangford@perle.com

or

OTC Communications

Robert M. Joyce, 800/458-1799 / 781/444-6100

Email: bobj@otcfn.com