KORE Group (KORE) investor relations material

Executive summary

• A special meeting will be held to vote on a merger agreement where shareholders will receive $9.25 per share in cash, subject to certain conditions and approvals.

• The merger is structured as a “going private” transaction, with KONA Parent, L.P. (affiliated with Searchlight Capital and Abry Partners) acquiring all outstanding shares not rolled over by certain stockholders.

• The board, following a unanimous recommendation from a special committee of independent directors, recommends shareholders vote in favor of the merger.

• The merger consideration represents a significant premium to recent trading prices, and the process included outreach to 21 potential buyers, with only one third-party bid ultimately withdrawn.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) adoption of the merger agreement, (2) an advisory (non-binding) vote on executive compensation related to the merger, and (3) adjournment of the meeting if more votes are needed.

• Approval requires both a majority of all outstanding shares and a majority of votes cast by disinterested shareholders.

• Several major shareholders, including Cerberus, Searchlight, Abry, and others, have entered into agreements to vote in favor of the merger.

Board of directors and corporate governance

• A special committee of independent directors was formed to evaluate strategic alternatives and negotiate the merger.

• The board and special committee unanimously determined the merger is fair and in the best interests of shareholders.

• The process included extensive negotiations, multiple rounds of bids, and consideration of alternatives to the merger.