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| WALKME LTD. 1 WALTER MOSES ST. TEL AVIV 6789903, ISRAEL | VOTE BY INTERNET - www.proxyvote.com or scan the QR Barcode above Use the Internet to transmit your voting instructions and for electronic delivery of information up until 11:59 p.m. Eastern Time on August 6, 2024 (i.e., 6:59 a.m. Israel Time on August 7, 2024). Have your proxy card in hand when you access the website and follow the instructions to obtain your records and to create an electronic voting instruction form. |
| ELECTRONIC DELIVERY OF FUTURE PROXY MATERIALS If you would like to reduce the costs incurred by our company in mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports electronically via e-mail or the Internet. To sign up for electronic delivery, please follow the instructions above to vote using the Internet and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years. | |
| VOTE BY PHONE - 1-800-690-6903 Use any touch-tone telephone to transmit your voting instructions up until 11:59 p.m. Eastern Time on August 6, 2024 (i.e., 6:59 a.m. Israel Time on August 7, 2024). Have your proxy card in hand when you call and then follow the instructions. | |
| VOTE BY MAIL Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge Financial Solutions, Inc., 51 Mercedes Way, Edgewood, NY 11717. Must be received by 11:59 p.m. Eastern Time on August 6, 2024 (i.e., 6:59 a.m. Israel Time on August 7, 2024). |
| TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: |
| V53926-P16182 KEEP THIS PORTION FOR YOUR RECORDS |
| DETACH AND RETURN THIS PORTION ONLY |
| WALKME LTD. | ||||||||||||||
| Important instructions for Item 1a relating to the Merger Proposal: | ||||||||||||||
| IF YOU ARE NOT A PARENT AFFILIATE (AS DEFINED BELOW), PLEASE BE CERTAIN TO CHECK THE BOX “YES” IN ITEM 1a TO CONFIRM YOUR STATUS. | ||||||||||||||
| Under the Israeli Companies Law, 5759-1999, your Shares cannot be counted towards or against the majority required for approval of the Merger Proposal unless you provide the foregoing important confirmation. | ||||||||||||||
| If you are a Parent Affiliate, please check the box “NO” in Item 1a. | 3. | Director Re-Election Proposal. To approve the re-election of each of Jeff Horing, Ron Gutler and Haleli Barath, as Class III directors of the Company to hold office until the close of the Company’s annual general meeting of the Company’s shareholders in 2027, and until their respective successors have been duly elected and qualified, or until their respective offices are vacated in accordance with the Company’s amended and restated articles of association or the Israeli Companies Law, 5759-1999. | ||||||||||||
| The Company’s Board of Directors recommends you vote FOR each of the following proposals: | ||||||||||||||
| | For | Against | Abstain | |||||||||||
| 1. | The Merger Proposal. To approve the acquisition of WALKME LTD. (the “Company”) by SAP SE, a European stock corporation (Societas Europaea) under the laws of Germany and the European Union (“Parent”), including the approval of (a) the Merger Agreement dated as of June 4, 2024 (as it may be amended from time to time, the “Merger Agreement”), by and among the Company, Parent and Hummingbird Acquisition Corp Ltd., a company organized under the laws of the State of Israel and a wholly owned subsidiary of the Parent (“Merger Sub”), (b) the merger of Merger Sub with and into the Company in accordance with Sections 314-327 of the Israeli Companies Law, 5759-1999, following which Merger Sub will cease to exist as a separate legal entity and the Company will survive the merger and become a wholly owned subsidiary of Parent (the “Merger”); (c) the consideration to be received by the shareholders of the Company in the Merger, consisting of $14.00 per share in cash, without interest, subject to adjustment under the Merger Agreement and less any applicable withholding taxes, for each Share of the Company owned immediately prior to the Effective Time (as defined in the Merger Agreement); (d) the treatment of equity awards of the Company in accordance with the terms of the Merger Agreement; (e) the purchase of a prepaid “tail” directors’ and officers’ liability insurance policy for a period of seven years commencing upon the closing of the Merger, as permitted under the Merger Agreement; and (f) all other transactions and arrangements contemplated by the Merger Agreement (collectively, the “Merger Proposal”); | ☐ | ☐ | ☐ | ||||||||||
| For | Against | Abstain | ||||||||||||
| Nominees: | ||||||||||||||
| 3a. | Jeff Horing | ☐ | ☐ | ☐ | ||||||||||
| 3b. | Ron Gutler | ☐ | ☐ | ☐ | ||||||||||
| 3c. | Haleli Barath | ☐ | ☐ | ☐ | ||||||||||
| For | Against | Abstain | ||||||||||||
| 4. | Auditor Re-Appointment Proposal. To approve the re-appointment of Kost, Forer, Gabbay & Kasierer, a registered public accounting firm and a member of Ernst & Young Global, as the Company’s independent registered public accounting firm for the year ending December 31, 2024 and until the Company’s next annual general meeting of shareholders, and to authorize the Company’s Board of Directors (with power of delegation to its audit committee) to set the fees to be paid to such auditors. | |||||||||||||
| ☐ | ☐ | ☐ | ||||||||||||
| For | Against | Abstain | ||||||||||||
| 5. | CEO Compensation Proposal. To approve equity awards granted to Mr. Dan Adika, the Company’s Chief Executive Officer on May 30, 2024, subject to requisite approval by the Company's shareholders. | ☐ | ☐ | ☐ | ||||||||||
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| Yes | No | |||||||||||||
| 1a. | The undersigned confirms that he, she or it is not (a) Parent, Merger Sub or any person or entity holding, directly or indirectly, 25% or more of the total outstanding voting power of Parent or Merger Sub, or the right to appoint 25% or more of the directors of Parent or Merger Sub; (b) a person or entity acting on behalf of Parent, Merger Sub or a person or entity described in clause (a) above; or (c) a family member of, or an entity controlled by, Parent, Merger Sub or any of the foregoing (each, a “Parent Affiliate”). Check this box “YES” to confirm that you are not a Parent Affiliate. Otherwise, check the box “NO” if you are a Parent Affiliate. (THIS ITEM MUST BE COMPLETED) | ☐ | ☐ | Please note: By voting, whether by means of this proxy card, via telephone or internet voting, you will be deemed to confirm to the Company that you are NOT an Interested Shareholder. If you are an Interested Shareholder, please notify the Company, as described in this proxy card (in which case your vote will only count for or against the ordinary majority, and not for or against the special tally, required for approval and adoption of the CEO Compensation Proposal). | ||||||||||
| For | Against | Abstain | ||||||||||||
| 2. | Adjournment Proposal. To approve the adjournment of the meeting to a later date or dates, if necessary, to solicit additional proxies if there are insufficient votes to approve the Merger Proposal at the time of the meeting. | ☐ | ☐ | ☐ | ||||||||||
| | Please sign exactly as your name(s) appear(s) on this proxy. If held in joint tenancy, the shareholder named first in the Company’s register must sign. Trustees, administrators, etc., should include their title and authority. Corporations should provide the full name of the corporation and title of the authorized officer signing this proxy. | | | | | ||||||||||||
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| Signature [PLEASE SIGN WITHIN BOX] | Date | Signature (Joint Owners) | Date | ||||||||||||||
| V53927-P16182 |