Total Growth Model: Cloud and ARR Growth

OpenText - Micro Focus Financial Integration Framework (1) FCF(2) A-EBITDA (2) As of 12/31/23 2H F'24 F'25 Annualized Savings $400M $370M Actioned Expense & Charges Integration Expense $70M $11M Incurred Special Charges $340M to $380M $189M Incurred Vendor consolidation, strategic procurement (~$30M) Micro Focus One Year Post Close • Micro Focus integration ahead of plan •Facilities restructuring plan is final . • Global entity simplification plan design completed System alignment and Related integration expense (~$60M+) Severance, restructuring costs, advisory support and others ($65M+) Global entities simplification, tax structure initiatives, technology footprint optimization ($100M) Updates to Framework ⚫$100M reduction in special charges related to: global entities simplification, tax structure initiatives and technology footprint optimization • $20M increase in special charges related to: Restructuring, advisory costs, etc. driven by facilities restructuring plan Total Expense & Charges $200M incurred $115M to $130M $95M to $120M opentext™ (1), (2) See Slide Notes Net Reduction of $80M in Special Charges Over F'24 and F'25 © 2024 Open Text 35

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