On March 27, 2024, Runa Entities, the Smartfin Entities and the Open Ocean Entities delivered a letter to MariaDB plc in which they stated their opposition to the non-binding proposals made by (i) K1 Investment Management, LLC to the board of directors of the Company setting forth its consideration of making an offer to acquire, together with K1?s investment affiliates, all of the issued, and to be issued, share capital of the Company at a value of $0.55 per share, as reported by K1 in its press release issued on February 16, 2024, and (ii) Progress Software Corp. to the board of directors of the Company setting forth its consideration of making an offer to acquire all the issued and to be issued share capital of the Company at a value of $0.60 per share, as reported by Progress in its press release issued on March 26, 2024. Runa Entities, the Smartfin Entities and the Open Ocean Entities expressed their view that neither of the proposals is in the best interests of the Company.

Additionally, Runa Entities, the Smartfin Entities and the Open Ocean Entities noted that Progress?s prior attacks on the founders of the Company in Progress Software Corporation, et al, v. MySQL AB and views that the Progress Possible Offer is a further attempt to disrupt the business of the Company and the mission of the Company Foundation. In light of this, Runa Entities, the Smartfin Entities and the Open Ocean Entities stated that they will oppose any attempts to consummate a transaction with Progress. Runa Entities, the Smartfin Entities and the Open Ocean Entities also urge the board of directors of the Company to take appropriate action to create a path where the Company can address its operational and capital needs.