DIRTT Announces Completion of Bought Deal Secondary Offering

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CALGARY, ALBERTA--(Marketwired - June 17, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (TSX:DRT) is pleased to announce the completion of its previously announced secondary offering (the "Offering") of common shares of the Company ("Common Shares") held by Clean Technology Fund II LP, Export Development Canada, Kayne Anderson Mezzanine Partners QP, L.P., Kayne Anderson Mezzanine Partners L.P. and KAMPO US, LP (collectively, the "Selling Shareholders"). An aggregate of 7,155,594 Common Shares were sold to a syndicate of underwriters led by Raymond James Ltd., at an offering price of $2.60 per Common Share for total gross proceeds to the Selling Shareholders of $18,604,544.40, which included the exercise in full of the over-allotment option granted to the underwriters.

The Selling Shareholders received net proceeds of $17,488,271.74. The Company did not receive any proceeds from the Offering. The Offering resulted in the conversion of US$5,154,927.40 of principal and accrued interest outstanding on the Company's 14% senior subordinated convertible notes, which were held by certain of the Selling Shareholders.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, which may be made only by means of the prospectus, nor shall there be any sale of the common shares in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state, province or jurisdiction. The common shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registrations requirements of such Act, unless they are unrestricted securities. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities nor shall there by any sale of the common shares in any State to which such offer, solicitation or sale would be unlawful.

ABOUT DIRTT

DIRTT Environmental Solutions (Doing It Right This Time) uses its proprietary 3D software to design, manufacture and install fully customized prefab interiors. DIRTT customers in the corporate, government, education and healthcare sectors benefit from the Company's precise design and costing; rapid lead times with the highest levels of customization and flexibility; and faster, cleaner construction.

To find out more about DIRTT (TSX:DRT) please visit our website www.dirtt.net or contact us at ir@dirtt.net.



Scott Jenkins
President
sjenkins@dirtt.net
403.723.5009

Derek Payne
CFO
dpayne@dirtt.net
403.313.9879