Special Meeting of Shareholders – Plan of Arrangement with Thoma Bravo

Magnet Shareholders are encouraged to vote now to approve the $44.25 all cash transaction.

Vote using only Magnet’s WHITE Proxy FOR the proposed Arrangement.

Magnet Forensics Inc. Enters into Definitive Agreement to be Acquired by Thoma Bravo

On January 20, 2023, Magnet Forensics entered into a plan of arrangement with an affiliate of Thoma Bravo pursuant to which Public Subordinate Voting Shareholders will receive CA$44.25 cash per public SV Share. More details about the transaction, including defined terms, can be found in the Management Information Circular.

Please refer to the Management Information Circular dated February 16, 2023 filed on SEDAR at www.sedar.com. All information contained herein is qualified by reference thereto.

We are confident this transaction represents the most compelling value creation opportunity for all our stakeholders!

Vote FOR the Arrangement Today!

READ THE KEY HIGHLIGHTS OF THE ARRANGEMENT

Information for Shareholders

How To Vote

Vote using only Magnet’s WHITE Proxy FOR the proposed Arrangement.

Please submit your vote by no later than 2:00 p.m. (Toronto Time) on March 21, 2023.

Beneficial Shareholders

Shares held with a broker, bank or other intermediary and have a 16-digit control number.

Internet

Visit

Telephone

Call the applicable number listed on the voting instruction form

Mail

Return the voting instruction form in the enclosed postage paid envelope.

Registered Shareholders

Shares held in own name and represented by a physical certificate or DRS and have a 15-digit control number.

Internet

Visit

Telephone

Call

Mail

Return the form of proxy in the enclosed postage paid envelope.

Shareholder Questions

If you have questions or require assistance voting your shares please contact Magnets’ proxy solicitation agent, Laurel Hill  Advisory Group:

North America Toll Free: 1-877-452-7184
Calls Outside North America: +1 416-304-0211
Email: assistance@laurelhill.com