Micro Focus Fixed Income Presentation Deck

Micro Focus Overview and Outlook Overview FY16 Results at the high end of management expectations Total Shareholder Return strategy continues Final Dividend increased by 50.7% to 49.74 cents (2015: 33.00 cents) Full Year Dividend increased by 37.8% to 66.68 cents (2015: 48.40 cents) Return of Value to shareholders in 2017 ● ● - 18 - Outlook - Consistent double digit shareholder returns Revenue in FY17 minus 2% to zero Compared to FY16 CCY pro-forma with Serena FY17 revenue exit rate flat with FY16 and anticipate revenue growth in FY18 Maintain target net debt at 2.5 times to Facility EBITDA Appropriate value enhancing acquisitions - Source: Micro Focus FY16 preliminary results presentation MICRO FOCUS

View entire presentation