On January 21, 2020, Jeffrey Lieberman notified Mimecast Limited that he intends to resign from the Company's Board of Directors, effective February 1, 2020. Mr. Lieberman's decision to resign as a director was personal and was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Lieberman currently serves as Chairman of the Compensation Committee of the Board of Directors. In connection with Mr. Lieberman's resignation and based on the recommendation of the Nominating and Corporate Governance Committee of the Board of Directors, the Board of Directors appointed Robert P. Schechter to serve as Chairman of the Compensation Committee, effective February 1, 2020. Mr. Schechter currently serves as a member of the Compensation Committee. Therefore, effective February 1, 2020, the composition of the Compensation Committee shall be: Robert P. Schechter, Chairman, Aaron Ain; and Alpna J. Doshi.