Record Date for Notice of and Voting at Special Meeting Established
On October 22, 2023, Textainer Group Holdings Limited, an exempted company limited by shares incorporated under the laws of Bermuda (the
Company or Textainer) announced its proposed acquisition by entities affiliated with Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, in accordance with the
Agreement and Plan of Merger (the Merger Agreement), by and among the Company, Typewriter Parent Ltd., an exempted company incorporated under the Companies Act (2023 Revision) (as amended) of the Cayman Islands
(Parent) and Typewriter Merger Sub Ltd., an exempted company limited by shares incorporated under the laws of Bermuda and a subsidiary of Parent. Capitalized terms used but not defined herein have the meanings assigned thereto in
the Merger Agreement attached as an exhibit to the related the Form 6-K filed by Textainer with the SEC on October 23, 2023.
The proposed acquisition is subject to the terms and conditions set forth in the Merger Agreement, including Company shareholder approval at a
special Company Shareholders Meeting to approve the Merger (and the other actions to be considered thereat), and the receipt of required regulatory approvals. Company shareholders entitled to vote at the special Company Shareholders Meeting are
comprised of holders of Company common shares and Company Preference Shares, each as listed on the New York Stock Exchange (the NYSE), and Company common shares as listed on the Johannesburg Stock Exchange (the
JSE).
The Textainer Board of Directors has set the record date for purposes of determining holders of Company common
shares and Company Preference Shares entitled to notice of, and to vote at, the special Company Shareholders Meeting as the close of business on January 5, 2024 (New York City time). On December 18, 2023, Textainer notified the NYSE of
this record date. For holders of Company common shares held on the JSE register, (i) the record date (for both notice and voting) is January 5, 2024, and (ii) January 2, 2024 is the last day to trade Company common shares on the
JSE in order to appear in the JSE register on such record date.
Textainer has not set the date for the special Company Shareholders
Meeting, which date will be set forth in the Proxy Statement to be filed with the SEC and distributed to Company shareholders entitled to vote at the special Company Shareholders Meeting prior to such meeting.
The parties to the Merger Agreement currently expect the Merger to be completed in the first quarter of 2024. However, there can be no
assurances the conditions to the Merger, including receipt of required regulatory approvals, will be obtained in accordance with this timing or at all.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements. Actual results could differ materially from
those projected or forecast in the forward-looking statements. The factors that could cause actual results to differ materially include the following: risks related to the satisfaction or waiver of the conditions to closing the proposed acquisition
(including the failure to obtain necessary regulatory approvals and failure to obtain the requisite vote by Textainers shareholders) in the anticipated timeframe or at all, including the possibility that the proposed acquisition does not
close; the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the Merger Agreement, including in circumstances requiring Textainer to pay a termination fee; risks related to the ability to
realize the anticipated benefits of the proposed acquisition, including the possibility that the expected benefits from the acquisition will not be realized or will not be realized within the expected time period; disruption from the transaction
making it more difficult to maintain business and operational relationships; continued availability of capital and financing; disruptions in the financial markets; certain restrictions during the pendency of the transaction that may impact
Textainers ability to pursue certain business opportunities or strategic transactions; risks related to diverting managements attention from Textainers ongoing business operation; negative effects of this announcement or the
consummation of the proposed acquisition on the market price of Textainers common shares, preference shares and/or operating results; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related
to the proposed acquisition, other business effects and uncertainties, including the effects of industry, market, business, economic, political or regulatory conditions; decreases in the demand for leased containers; decreases in market leasing
rates for containers; difficulties in re-leasing containers after their initial fixed-term leases; customers decisions to buy rather than lease containers; increases in the cost of repairing and storing
Textainers off-hire containers; Textainers dependence on a