Company: PENG
Filing Date: 2025-05-02
Form Type: DEF 14A
Source: 0001193125-25-110748
Chunk: 119

Company: Penguin Solutions, Inc.
Filing Date: 2025-05-02
Form: DEF 14A
Chunk 119
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 on the Investor Relations section of
Penguin Solutions Cayman’s website at https://ir.penguinsolutions.com/investors/default.aspx. Defined terms used in this Notice of Scheme Meeting shall, unless otherwise provided, have the same meanings as in the Proxy Statement.

At the Scheme Meeting the following resolution will be proposed:

“THAT the Scheme of Arrangement (a copy of which has been produced to this meeting and for the purposes of identification signed by the chairperson hereof) in its original form or with such modifications, additions or conditions as may be approved or imposed by the Cayman Islands Grand Court, and as may be agreed by the Company, be and is hereby approved.”

Chairperson of the Scheme Meeting

By the said Order, the Cayman Court has appointed Mark Adams, or failing him, Nate Olmstead, to act as the chairperson of the Scheme Meeting
and has directed the chairperson of the Scheme Meeting to report the result thereof to the Cayman Court within seven days of the Scheme Meeting.

Voting Record Time

If you are a registered shareholder of Penguin Solutions Cayman as at the Voting Record Time (being 1:15 p.m. (Pacific Time in the United
States) on April 25, 2025), you are entitled to attend the Scheme Meeting and vote your Penguin Solutions Cayman ordinary shares and/or convertible preferred shares (and any adjournments thereof), either by voting in person (including via live
webcast) or by proxy by submitting a completed proxy card.

Voting Procedures

YOUR VOTE IS IMPORTANT. WHETHER OR NOT YOU EXPECT TO ATTEND THE SCHEME MEETING, PLEASE TAKE THE NECESSARY STEPS TO VOTE IN ADVANCE OF THE SCHEME MEETING.

A proxy card for use at the Scheme Meeting accompanies this Notice of Scheme Meeting.

If you are a shareholder reflected on the register of members of Penguin Solutions Cayman as at the Voting Record Time you should properly
mark, date, sign and return the proxy card to ensure that your Penguin Solutions Cayman ordinary shares and/or convertible preferred shares are voted in accordance with your wishes. You may submit your proxy card by mail. The proxy card must be
lodged with Broadridge at Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717, by no later than 8:59 p.m. (Pacific Time in the United States) on June 15, 2025.

Completion and return of the proxy card will not prevent you from