Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 119

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 119
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person 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 p.m. (Pacific Time in the United States) on , 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 either by mail or courier. 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 , 2025.

Completion and return of the proxy card will not prevent you from attending and voting at the Scheme Meeting, or any adjournments thereof, in
person (including via live webcast) if you wish to do so. Attending the Scheme Meeting in person (including via live webcast) will not in and of itself revoke a previously submitted proxy card. However, any votes cast by you or your proxy at the
Scheme Meeting will revoke a previously submitted proxy card.

If you are a registered holder of shares in Penguin Solutions Cayman, to
vote via