On February 19, 2024, Mr. Eric Hovde, a Director of ePlus inc. (the Company), notified the Board of Directors of the Company of his resignation from the Board, effective February 20, 2024. Mr. Hovde indicated that his resignation from the Board was not the result of any disagreements with the Company and cited as a reason focusing his efforts on his race for the United States Senate in the State of Wisconsin. Mr. Hovde has served as a member of the Board since 2006, which includes his service on the Board?s Compensation Committee and Nominating & Corporate Governance Committee.

The Company acknowledges the outstanding service rendered by Mr. Hovde during his tenure on the Board.