Mattersight (MATR) Commences $100K Series B Preferred Tender

Mattersight Corporation (Nasdaq: MATR) announced that it has commenced a tender offer to purchase up to 111,605 shares of its 7% Series B Convertible Preferred Stock ("Series B Preferred Stock") at a purchase price of $8.60 per share, plus accrued and unpaid dividends. The 111,605 shares of Series B Preferred Stock represent 6.68% of the outstanding shares of Series B Preferred Stock. The tender offer will expire at 5:00 p.m., Chicago time, on Friday, April 13, 2012, unless extended by Mattersight.

Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time on or prior to the expiration of the tender offer, in each case, in accordance with the terms and conditions set forth in the Offer to Purchase, the Letter of Transmittal and other related materials that will be distributed to holders of Series B Preferred Stock on or about March 16, 2012. Stockholders whose shares are purchased in the tender offer will be paid the purchase price in cash, less any applicable withholding taxes and without interest, promptly after the expiration of the tender offer. The tender offer is not conditioned on any minimum number of shares being tendered or on any financing condition or contingency. The tender offer is, however, subject to other conditions described in the Offer to Purchase, the Letter of Transmittal and other related materials.

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