Subject: Letter from Doug Miller, Lead Independent Director, to Telenav Employees
Telenav Team,
I hope this finds you safe and healthy in the
New Year.
Im happy to share that we are making good progress on our transaction with V99, a Delaware corporation led by our Co-Founder, President
and Chief Executive Officer, HP Jin. Recently, we reached another important milestone towards completing the transaction we filed our definitive proxy statement with the U.S. Securities and Exchange Commission. For reference, a proxy
statement is a legal document that is required when a company is soliciting shareholder votes to approve certain matters, including a transaction of this type. The proxy statement provides, among other things, background detail on the merger
agreement and how the transaction came about and includes information related to the Special Meeting of Stockholders, where Telenav stockholders will have the opportunity to vote to approve the transaction. Our Special Meeting will be held on
February 16, 2021 at 10:00 a.m. PT.
I know many of you are Telenav stockholders, and we encourage you to vote your shares of common stock. As detailed in
the proxy materials, the Special Committee and the disinterested and independent members of the Board of Directors believe that the transaction with V99 is in the best interest of Telenav and all its stockholders and recommend that Telenav
stockholders vote FOR the proposal to adopt the merger agreement and approve the merger, as well as other proposals included on the proxy card. Your vote is important no matter how many shares of common stock you
own.
If you are a stockholder of record, you will soon be receiving the proxy statement in the mail, which will contain information regarding how to
vote, so please be on the lookout for the proxy statement. As detailed in the proxy statement, you can vote to approve the transaction over the internet, by telephone, or by mail in advance of the Special Meeting to ensure your shares are
represented. If you have any questions about the voting process or need assistance voting your shares, please contact MacKenzie Partners, our proxy solicitor. You can reach them by calling (800) 322-2885 (toll-free).
We remain on track to complete the transaction during the first calendar quarter of 2021. In the meantime, please keep up the great work and continue to focus
on executing Telenavs strategic plan.
Consistent with our policy, please continue to forward questions from outside parties regarding the
transaction to Adeel Manzoor, our Chief Financial Officer at adeelm@telenav.com, and Steve Debenham, our General Counsel at steved@telenav.com.
Thank you
for your continued commitment to Telenav.
Sincerely,
Doug
Miller
Lead Independent Director, and a Member of the Special Committee of the Telenav Board of Directors