On November 1, 2023, MEI Pharma, Inc. and Anson Funds and Cable Car Capital (Anson and Cable Car) announced that they have entered into a cooperation agreement. Key terms of the agreement include: Capital Return to Stockholders: 1) The Company intends to promptly pay a dividend in the amount of $1.75 per share of common stock to all stockholders., 2) Stockholder Designees Added to the Board: The Company has appointed two directors designated by Anson and Cable Car: Mr. James Flynn and Mr. Taheer Datoo., and 3) Formation of a Capital Allocation Committee: MEI?s Board has formed a Capital Allocation Committee, comprising five directors including the three new directors. Additionally, as part of the cooperation agreement, Anson and Cable Car have agreed to withdraw their consent solicitation and will vote for the Company?s slate of director nominees in connection with the 2024 Annual Meeting and the fiscal 2025 Annual Meeting of Stockholders.

Anson and Cable Car will also abide by customary standstill provisions.