Market Expansion and Value Creation

Rapid Deleveraging Program Total Debt (as of 6/30/23) Consolidated Net Leverage Ratio (¹) • Track Record of Rapid Deleveraging Micro Focus on OpenText Operating Model Full benefit of cost savings and systems integration • Lower interest costs by end of F'25 • Automation and Al productivity investments $9.1B Principal Outstanding 5.7 yrs Weighted Ave Maturity TM opentext 6.6% Weighted Avg. Interest Rate 47% Total Debt Fixed 3.5x As of June 30, 2023 < 3.0x or sooner opentext™ (1), (2) See Slide Notes • Planned Debt Reduction of $175M per quarter²) (2) © 2023 Open Text 23 23

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