Micro Focus Fixed Income Presentation Deck

Micro Focus - Standalone Historical Financials Historical financials (Pro Forma for Serena acquisition, $m) Licence Revenue Maintenance Revenue Subscriptions Consultancy Total Reported Revenue % growth FY Apr-16 336 30 763 249 60 1,408 (6.1%) FY Apr-15 367 613 849 216 67 1,500 (4.6%) FY Apr-14 401 592 877 182 Underlying Adjusted EBITDA Source: Micro Focus company filings Note: Financials pro forma for acquisition of Serena in May 2016: Underlying Adjusted EBITDA removes the impact of net capitalisation/amortisation of development costs and foreign currency gains and losses from Adjusted EBITDA 112 1,572 586 MICRO FOCUS

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