EXHIBIT 11 SAND TECHNOLOGY INC. COMPUTATION OF PER SHARE EARNINGS For the year ended July 31, 2000 per audited Financial Statements: - net income (loss) ($2,866,907) ------------ Weighted Average Number of Shares Outstanding Calculated as follows: 8,919,211 ------------ ------------ Weighted Average Number of Shares Weight Number of Shares 8,528,206 .28 2,387,898 8,968,206 .30 2,690,462 8,982,206 .04 359,288 9,022,206 .01 90,222 9,024,206 .18 1,624,357 9,339,995 .18 1,681,199 9,363,995 .01 85,785 --------- 8,919,211 Income (Loss) Per Share ($0.321) For the year ended July 31, 1999 per audited Financial Statements: - net income (loss) ($4,960,964) ----------- Weighted Average Number of Shares Outstanding Calculated as follows: 8,522,873 ----------- ----------- Weighted Average Number of Shares Weight Number of Shares 8,520,206 .67 5,680,137 8,528,206 .33 2,842,736 --------- 8,522,873 Income (Loss) Per Share ($0.582) * * * * * 56