OpenText Results Presentation Deck

Carbonite Update and Revenue Impact ● • Expect revenue for the 2H of FY'20 to be $195m to $200m, after purchase price accounting (PPA) and disruption of up to 10% for typical integration activities ● Open Text will recognize $171.5M of deferred revenue over the life of the contracts after PPA adjustments totaling $74.9M(1) • For FY'20, expect Carbonite to be slightly accretive to A-EBITDA dollars and A-EPS ● Q2 $3.1 opentext™ FY'20 Q3 $22.7 Q4 $16.7 Estimated PPA Amortization (Millions) Q1 $11.5 1. Unaudited and subject to measurement period adjustments. Q2 $6.4 FY'21 Q3 $3.5 Q4 $2.7 FY'22+ $8.3 Total $74.9 Open Text Confidential. ©2020 All Rights Reserved. 7

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