Kinaxis Acknowledges Receipt of Letter from Daventry Group

OTTAWA, Ontario- Kinaxis (TSX:KXS), the global leader in end-to-end supply chain management, comments on the receipt of a letter from activist investor Daventry Group requesting that the Company commence a sale process.

Kinaxis routinely engages with shareholders and welcomes feedback from them, including Daventry Group, with whom we met on August 28. Kinaxis is disappointed that Daventry has chosen to publicly release its letter requesting a sale process rather than continuing to engage with the company privately.

Kinaxis has a proven track record of success and is known for delivering superior service to its customers and shareholders. Kinaxis is the market leader in AI-driven supply chain management with its end-to-end platform, Maestro, and has been named a leader in Gartner’s Magic Quadrant for Supply Chain Planning Solutions 10 times. The company continues to expand its platform to capture more of the $16 billion supply chain management software market.

The Board will consider the letter from Daventry Group and will refrain from making any further comment until the Board has approved a particular course of action or determines that further disclosure by the Company is appropriate or required by law.

About Kinaxis

Kinaxis is a global leader in modern supply chain management. Our mission is to serve humanity by powering complex global supply chains and empowering the people who run them. Our powerful, AI-powered supply chain management platform, Maestro™ , combines proprietary technologies and methodologies to provide complete transparency and agility across the supply chain so companies can efficiently manage every step of the supply chain, from multi-year strategic planning to last-mile delivery. The world’s best-known brands trust us to deliver the agility and predictability they need to respond to today’s volatility and disruption. For the latest news and information, visit kinaxis.com or follow us on LinkedIn .

Cautionary and Forward-Looking Information

This news release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information relates to future events or expected performance of Kinaxis and reflects management’s expectations or beliefs regarding such future events. In some cases, forward-looking information can be identified by the use of words and phrases such as “plans,” “expects,” “anticipates,” “budget,” “projected,” “estimates,” “anticipates,” “projects,” “intends,” “believes” or similar words, or by the use of words such as “may,” “could,” “will,” “might,” “will take,” “occur,” “achieve” or the negative or similar words regarding certain actions. Forward-looking information in this news release includes statements regarding Kinaxis’ market share growth plans and objectives. By their very nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Kinaxis’ actual results to differ materially from the anticipated results expressed or implied by the forward-looking information.

Forward-looking information is subject to various risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking information, including, but not limited to, the risks described under the heading “Risk Factors” in the Company’s Annual Information Form dated March 25, 2024 for the fiscal year ended December 31, 2023, under the heading “Forward-Looking Statements” in our news release dated July 31, 2024, and other risks identified in the Company’s filings with Canadian securities regulatory authorities, which filings are available on SEDAR+ at https://www.sedarplus.ca .

The above risk factors are not a complete list of factors that may affect our forward-looking information. Forward-looking information contains statements about the future and is inherently uncertain, and our actual results and other future events or circumstances may differ materially from those reflected in the forward-looking information due to various risks, uncertainties and other factors. Our statements, including forward-looking information, are based on management’s beliefs, expectations and opinions as of the date such statements are made, and we assume no obligation to update such forward-looking information if circumstances or management’s beliefs or expectations change, except as required by applicable law. For these reasons, undue reliance should not be placed on forward-looking information.

The official version of this press release is the original language version. The translated language versions are provided for the convenience of readers and have no legal effect. When using the translated version as a reference, please refer to the original language version, which is the only version that has legal effect.