Item 8.01 Other Events.

As previously disclosed, on July 25, 2021, Medallia, Inc. ("Medallia") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Project Metal Parent, LLC ("Parent") and Project Metal Merger Sub, Inc. ("Merger Sub"). The Merger Agreement provides that, subject to the terms and conditions set forth in the Merger Agreement, Merger Sub will merge with and into Medallia (the "Merger"), with Medallia surviving the Merger and becoming a wholly owned subsidiary of Parent. Parent and Merger Sub are affiliated with Thoma Bravo, L.P. Upon consummation of the Merger, Medallia's shareholders will generally be entitled to receive $34.00 in cash for each share of Medallia's common stock that they own.

The completion of the Merger is conditioned upon, among other things, the expiration of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), and the Austrian Cartel Act relating to the consummation of the Merger. The applicable waiting period under the HSR Act expired at 11:59 p.m., Eastern time, on September 7, 2021. The applicable waiting period under the Austrian Cartel Act expired at 11:59 p.m., Central European time, on September 6, 2021.

The completion of the Merger remains subject to other customary closing conditions, including the adoption of the Merger Agreement by Medallia's shareholders. Medallia continues to expect the Merger to close in 2021.

Additional Information and Where to Find It

On September 3, 2021, Medallia filed a preliminary proxy statement in connection with the special meeting of shareholders (the "Special Meeting") related to the Merger. Prior to the Special Meeting, Medallia will furnish a definitive proxy statement to its shareholders, together with a white proxy card. SHAREHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Detailed information regarding the names, affiliations and interests of individuals who are participants in the solicitation of proxies of Medallia's shareholders for the Special Meeting is available in Medallia's preliminary proxy statement.

Shareholders may obtain, free of charge, Medallia's proxy statement (in both preliminary and definitive form), any amendments or supplements thereto, and any other relevant documents filed by Medallia with the Securities and Exchange Commission (the "SEC") in connection with the Special Meeting at the SEC's website (http://www.sec.gov). Copies of Medallia's definitive proxy statement, any amendments or supplements thereto, and any other relevant documents filed by Medallia with the SEC in connection with the Special Meeting will also be available, free of charge, at Medallia's 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.

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Forward-Looking Statements

This communication contains forward-looking statements that involve risks and uncertainties, including statements regarding the Merger, including the expected timing of the closing of the Merger. If any of these risks or uncertainties materialize, or if any of Medallia's assumptions prove incorrect, Medallia's 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 Merger are not satisfied, including the risk that required approvals from Medallia's shareholders for the Merger; potential litigation relating to the Merger; uncertainties as to the timing of the consummation of the Merger; the ability of each party to consummate the Merger; possible disruption related to the Merger to Medallia's 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 Medallia's 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 September 3, 2021, each of which may be obtained on the investor relations section of Medallia's 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.

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