Additional Information and Where to Find It
Medallia, Inc. (Medallia) its directors and certain executive officers are participants in the solicitation of proxies from shareholders in
connection with the pending acquisition of Medallia (the Transaction). Medallia plans to file a proxy statement (the Transaction Proxy Statement) with the Securities and Exchange Commission (the SEC) in connection
with the solicitation of proxies to approve the Transaction.
Robert Bernshtyn, Mitchell K. Dauerman, Borge Hald, Leslie J. Kilgore, Douglas M. Leone,
Stanley J. Meresman, Amy E. Pressman, Leslie J. Stretch, Steven C. Walske and James D. White, all of whom are members of Medallias Board of Directors, and Roxanne M. Oulman, who is Medallias Chief Financial Officer, are participants in
Medallias solicitation. Other than Ms. Pressman and Messrs. Hald and Leone, none of such participants owns in excess of 1% of Medallias common stock. Ms. Pressman and Mr. Hald may each be deemed to own approximately 2% of
Medallias common stock. Mr. Leone may be deemed to own approximately 1% of Medallias common stock, and is affiliated with investment funds owning an additional approximately 28% of Medallias common stock. Additional
information regarding such participants, including their direct or indirect interests, by security holdings or otherwise, will be included in the Transaction Proxy Statement and other relevant documents to be filed with the SEC in connection with
the Transaction. Information relating to the foregoing can also be found in Medallias definitive proxy statement for its 2021 Annual Meeting of Shareholders (the 2021 Proxy Statement), which was filed with the SEC on April 13,
2021. To the extent that holdings of Medallias securities have changed since the amounts printed in the 2021 Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC.
Promptly after filing the definitive Transaction Proxy Statement with the SEC, Medallia will mail the definitive Transaction Proxy Statement and a WHITE proxy
card to each shareholder entitled to vote at the special meeting to consider the Transaction. SHAREHOLDERS ARE URGED TO READ THE TRANSACTION PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT
MEDALLIA WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain, free of charge, the preliminary and definitive versions of the Transaction Proxy Statement, any amendments or
supplements thereto, and any other relevant documents filed by Medallia with the SEC in connection with the Transaction at the SECs website (http://www.sec.gov). Copies of Medallias definitive Transaction Proxy Statement, any
amendments or supplements thereto, and any other relevant documents filed by Medallia with the SEC in connection with the Transaction will also be available, free of charge, at Medallias investor relations website
(https://investor.medallia.com) or by writing to Medallia, Inc., Attention: Investor Relations, 575 Market Street, Suite 1850, San Francisco, California 94105.
Forward-Looking Statements
This communication contains
forward-looking statements that involve risks and uncertainties, including statements regarding: the Transaction, including the expected timing of the closing of the Transaction; considerations taken into account by Medallias Board of
Directors in approving the Transaction; and expectations for Medallia following the closing of the Transaction. If any of these risks or uncertainties materialize, or if any of Medallias assumptions prove incorrect, Medallias actual
results could differ materially from the results expressed or implied by these forward-looking statements. Additional risks and uncertainties include those associated with: the possibility that the conditions to the closing of the Transaction are
not satisfied, including the risk that required approvals from Medallias shareholders for the Transaction or required regulatory approvals to consummate the Transaction are not obtained; potential litigation relating to the Transaction;
uncertainties as to the timing of the consummation of the Transaction; the ability of each party to consummate the Transaction; possible disruption related to the Transaction to Medallias current plans and operations, including through the
loss of customers and employees; and other risks and uncertainties detailed in the periodic reports that Medallia files with the SEC, including Medallias Annual Report on Form 10-K filed with the SEC on
March 22, 2021, and Quarterly Report on Form 10-Q filed with the SEC on June 4, 2021, each of which may be obtained on the investor relations section of Medallias website
(https://investor.medallia.com). All forward-looking statements in this communication are based on information available to Medallia as of the date of this communication, and Medallia does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.