Further to market speculation, Sophos confirms that it continues to explore strategic options to enhance shareholder value, including a potential IPO. As a private equity-backed company, exploring strategic options to provide an investment return to its investors is to be expected. Sophos believes it has many options to maximize the value of its IT security platform and remains deeply committed to its customers and partners and employees. There can be no assurance that Sophos’ exploration process will result in any specific action, and Sophos does not intend to disclose further developments unless and until its Board approves a specific action or otherwise concludes the review of strategic options.