Market Expansion and Value Creation

Cash Flows and Balance Sheet Cash (USD$B) (as of 06/30/2023) Net Leverage Ratio (1) Total Cash $1.2B TTM Q4 F'23 (USD$M) Targeted Net Leverage Ratio (1) Expected quarterly debt reduction of $175M+ 3.5x 3.3x < 3.0 x 2.1x Operating Cash Flows $779 1.9x 2.0x 2.0x Micro Focus Transaction Close Less: CapEx $124 Q3 F'22 Q4 F'22 Q1 F'23 Free Cash Flows (2) $655 Q2 F'23 Q3 F'23 Q4 F'23 By the end of F'25 or sooner Debt Maturity Profile (USD$M) (5) (as of 6/30/23) Less: Principal $203 Term Loan B 900 Less: Dividends $260 Acquisition Term Loan [] Undrawn Revolver Drawn Revolver Reflects $175M debt payment Less: Share Buyback (3) $-- made after Senior Secured Notes Senior Notes 6/30/2023 3,334 100 Cash Generated for Corporate Purposes (4) $192 933 650 1,000 900 850 650 C'23 C'24 C'25 C'26 C'27 C'28 C'29 C'30 C'31 opentext™ (1), (2), (3), (4), (5) See Slide Notes © 2023 Open Text 16

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