FY23 Business Outlook

Gearing and net debt Leverage profile 6.0x 1500 4,608 IFRS16 270 4,312 558 4,154 4,196 4,118 4,339 244 189 4.000 230 200 4,068 | $3,821 4,007 3,924 3,919 149 3,672 4.0x 3.6x 3.8x 3.5x 3.4x 3.2x $558m Cash and gross debt 0-2 years 2-3 years $(1,678)m 3-4 years $(1,287)m 4-5 years $(1,598)m Re-financing October 2019 April 2020 October 2020 April 2021 October 2021 Pro forma Reduction in leverage over the medium-term remains a key priority with target of 3.0x. Proceeds from disposal of Digital Safe are expected to reduce leverage. On a pro-forma basis, leverage at 31 October 2021 would have be 3.8x excluding Digital Safe. On 17 January 2022, we announced the refinancing of $1.6bn of our term loans. As a result, the average maturity of Micro Focus' debt has been extended from 2.7 years to 3.6 years. MICRO® FOCUS

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