Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 108

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 108
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 on “routine” proposals when they have not received instructions
from beneficial owners, but are precluded from exercising their voting discretion with respect to proposals for “non-routine” matters. We believe that the Scheme of Arrangement Proposal is a proposal
for a non-routine matter. As a result, there may be broker “non-votes” with respect to such proposal.

You may submit your voting instruction form by mail or by following the internet or touch-tone voting instructions on the voting instruction
form. In order for your voting instructions form to be validly submitted and

95

for your Penguin Solutions Cayman ordinary shares to be voted at the Scheme Meeting in accordance with your voting instruction form, your broker or nominee must receive your voting instruction
form by mail as promptly as possible and not later than 8:59 p.m. (Pacific Time) on , 2025. Please note that holders of Penguin Solutions Cayman ordinary shares through brokers or nominees are required to submit their
voting instruction form to their applicable broker or nominee prior to the deadline and such holders should follow any separate instructions that are provided by their applicable broker or nominee. You should contact your broker or nominee directly
for more information on these procedures.

If you hold your shares in “street name”, you may not attend the Scheme Meeting or
vote your Penguin Solutions Cayman ordinary shares at the Scheme Meeting unless you obtain an “instrument of proxy” or “legal proxy” from your broker or nominee that holds your Penguin Solutions Cayman ordinary shares. If you
plan to attend in person and vote your “street name” shares at the Scheme Meeting, you should request such an “instrument of proxy” or “legal proxy” from your broker, bank, or other holder of record and bring it with
you to the Scheme Meeting along with proof of identification. If you plan to attend the Scheme Meeting online via live webcast and vote your “street name” shares at the Scheme Meeting, you must use the control number found on your voting
instruction form sent in respect of the Scheme Meeting in order to obtain a “legal proxy” and access the Scheme Meeting.

If you
hold Penguin Solutions Cayman ordinary shares through a broker or nominee, we recommend that you contact your broker or nominee directly for more information on the procedures by which your Penguin Solutions Cayman ordinary shares can be voted. Your
broker or nominee will not be able to vote your Penguin Solutions Cayman ordinary shares unless it receives appropriate instructions from you.

Validity

The chairperson of the Scheme