On September 13, 2022, Zendesk, Inc. announced that it has issued the statement reiterating its support for the proposed acquisition of Company by a consortium led by Hellman & Friedman and Permira and expressing its views in response to a letter from Light Street Capital Management to the CompanyÆs Board of Directors related to the Consortium transaction stated that the CompanyÆs Board continues to believe that the Consortium transaction provides superior value and certainty for all stockholders relative to the standalone alternative. The Company stated that Light StreetÆs alternative proposal is not credible and its attempt to delay the stockholder vote is not in the best interests of the stockholders. The Company stated that its Board conducted a thorough evaluation of the financial and strategic merits of Light StreetÆs unsolicited, non-binding recapitalization proposal and determined it would not provide superior value to all stockholders.

In addition, The Company urged the shareholders to vote for the Consortium transaction in special meeting scheduled to be held on September 19, 2022.