Atlassian (NASDAQ: TEAM) today announced the closing of its initial public offering of 25,300,000 Class A ordinary shares at a price to the public of $21 per share, including 3,300,000 Class A ordinary shares sold by certain selling shareholders upon the exercise in full by the underwriters of their option to purchase additional Class A ordinary shares. The net proceeds of the offering to Atlassian from its sale of 22,000,000 Class A ordinary shares were approximately $431.8 million, after deducting underwriting discounts and commissions and estimated offering expenses. Atlassian did not receive any proceeds from the sale of Class A ordinary shares by the selling shareholders.

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC acted as lead joint book-running managers for the offering. Allen & Company LLC, UBS Securities LLC and Jefferies LLC acted as additional book-running managers for the offering, and Canaccord Genuity Inc., JMP Securities LLC, Raymond James & Associates, Inc. and William Blair & Company, L.L.C. acted as co-managers.

The offering was made only by means of a prospectus. A copy of the final prospectus may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, or email: prospectus-ny@ny.email.gs.com; and from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

AtlassianMedia ContactHeather Staples, 415-701-1110press@atlassian.comInvestor Relations ContactIan LeeIR@atlassian.com

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