Driving Shareholder Returns

Q2 FY'21 Quarterly Factors (1) Externalities COVID-19 health, financial and societal crisis Industry and supply chain disruption Global geopolitical including post-US elections Volatile macro environment Company Specific Expect Q2 q/q: • Total Revenue constant • Favorable FX up to $3M Annual Recurring Revenue (ARR) constant • Adjusted EBITDA dollars to decline low-single digits Our business is annual, and quarters will vary opentext™ 1. The Q2 Quarterly Factors are anticipated quarterly variances that do not reflect OpenText's annual business. OpenText Confidential. ©2020 All Rights Reserved. 9

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