Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 106

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 106
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 Time, you are entitled to attend and vote your Penguin Solutions Cayman shares at the Scheme Meeting (and any adjournments thereof) either by voting in person (including via live webcast) or by proxy by submitting a completed proxy card. By submitting your proxy card, you are legally authorizing another person to exercise all of your rights to attend, speak and vote your Penguin Solutions Cayman shares at the Scheme Meeting in accordance with your instructions. You can only appoint a proxy using the procedures set out in this proxy statement and in the proxy card. A proxy appointed to attend the Scheme Meeting in person (including via live webcast) on your behalf does not need to be a shareholder of Penguin Solutions Cayman but must attend the Scheme Meeting to represent you in accordance with your instructions. You may appoint more than one proxy provided that each proxy is appointed to exercise rights attached to different Penguin Solutions Cayman shares. You may not appoint more than one proxy to exercise rights attached to any one Penguin Solutions Cayman share. The enclosed proxy card designates Mark Adams and Nate Olmstead, or either of them, to vote your Penguin Solutions Cayman shares in accordance with the voting instructions you indicate in your proxy. 94

If you submit your proxy card designating Mark Adams and Nate Olmstead, or either of them,
as the individuals authorized to vote your Penguin Solutions Cayman shares, but you do not indicate how your Penguin Solutions Cayman shares are to be voted, then your Penguin Solutions Cayman shares will be voted by those individuals in accordance
with the Penguin Solutions Cayman Board’s recommendations, which are described in this proxy statement as voting “FOR” the Scheme of Arrangement Proposal at the Scheme Meeting. In addition, if any other matters are properly brought up
at the Scheme Meeting (other than the Scheme of Arrangement Proposal contained in this proxy statement), then each of these individuals will have the authority to vote your Penguin Solutions Cayman shares on those matters in his discretion. The
Penguin Solutions Cayman Board currently does not know of any matters to be raised at the Scheme Meeting other than the Scheme of Arrangement Proposal contained in this proxy statement.

You may submit your proxy either by mail or courier. In order for your proxy card to be validly submitted and for your Penguin Solutions
Cayman shares to be voted in accordance with your proxy card, Broadridge must receive your proxy card at 8:59 p.m. (Pacific Time) on , 2025.

To vote via Internet before the Scheme Meeting