Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 200

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 200
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 Board of Directors recommends you vote FOR the following proposal: For Against 1. To approve the scheme of arrangement substantially in the form attached as Annex B to the accompanying proxy statement (the ! ! “Scheme of Arrangement”), pursuant to which, at the completion date of the Scheme of Arrangement (expected to be [ ] p.m. (Pacific Time) on [ ], 2025), all shareholders of Penguin Solutions, Inc., a Cayman Islands exempted company (“Penguin Solutions Cayman”) will become shareholders of Penguin Solutions, Inc., a Delaware corporation (“Penguin Solutions Delaware”). Pursuant to the terms of the Scheme of Arrangement, the shareholders of Penguin Solutions Cayman as of the scheme record time (expected to be [ ] p.m. (Pacific Time) on [ ], 2025) will exchange their ordinary shares and/or convertible preferred shares (as applicable) of Penguin Solutions Cayman for shares of common stock and/or convertible preferred stock (as applicable) of Penguin Solutions Delaware on the following basis: each ordinary share of Penguin Solutions Cayman will be exchanged for one share of common stock of Penguin Solutions Delaware, and each convertible preferred share of Penguin Solutions Cayman will be exchanged for one share of convertible preferred stock of Penguin Solutions Delaware. NOTE: The proxies may vote in their discretion upon other business as may properly come before the Scheme Meeting or any continuation, postponement or adjournment of the Scheme Meeting. Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer. Signature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date

Important Notice Regarding the Availability of Proxy Materials for the Scheme Meeting: The Notice of Scheme Meeting and Proxy Statement are available at www.proxyvote.com. V65585-TBD PENGUIN SOLUTIONS, INC. Scheme Meeting of Shareholders [ ], 2025 [ ] PT This proxy is solicited by the Board of Directors The shareholder(s) hereby appoint(s) Mark Adams, and Nate Olmstead, or either of them, as proxies, each with the power to appoint his substitute, and hereby authorize(s) them to represent and to vote, as designated on the reverse side of this ballot, all of the shares of PENGUIN SOLUTIONS, INC. that the shareholder(s) is