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Forward Looking Statements This press release contains forward-looking statements that are based on beliefs and assumptions and on information
currently available. In some cases, you can identify forward-looking statements by the following words: may, will, could, would, should, expect, intend,
plan, anticipate, believe, estimate, predict, project, potential, continue, ongoing or the negative of these terms or other comparable
terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different
from the information expressed or implied by these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding future events, goals, plans and projections regarding the
companys financial position, results of operations, market position, product development and business strategy. Such differences may be material. We cannot assure you that the forward-looking statements in this press release will prove to be
accurate. These forward looking statements are subject to a number of risks and uncertainties, including, among others, the general economic, political, business and competitive conditions; the ability to recognize the anticipated benefits of
the proposed business combination (the business combination) of CCCs parent corporation, Cypress Holdings, Inc. (the Company) and Dragoneer Growth Opportunities Corp. (Dragoneer); the impact of COVID-19 on CCCs business and/or the ability of the parties to complete the business combination; failure to realize the anticipated benefits of the business combination, including as a result of a delay in
consummating the potential transaction or difficulty in integrating the businesses of Dragoneer and CCC; costs related to the business combination; the ability of the Company to grow and manage growth profitably and retain its key employees; the
risk that the expansion of CCC Payments and launch of CCC Estimate are not as successful as anticipated or do not occur on the expected timing; the inability to maintain CCCs listing of securities on the NYSE; changes in applicable laws or
regulations; and other risks and uncertainties, including those included under the header Risk Factors in the registration statement on Form S-4, as amended, filed by Dragoneer with the Securities
and Exchange Commission (SEC) on May 14, 2021 (the registration statement) and those included under the header Risk Factors in the Dragoneer annual report on Form 10-K,
as amended, both of which can be obtained, without charge, at the SECs website (www.sec.gov). The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent
events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You
should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.
Non-GAAP Financial Measures
This press release includes certain financial measures not presented in accordance with generally accepted accounting principles in the U.S.
(GAAP), including, but not limited to, adjusted EBITDA, adjusted net income, adjusted operating income, adjusted gross margin, and free cash flow in each case presented on a non-GAAP basis, and certain ratios and other metrics derived therefrom. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and
may exclude items that are significant in understanding and assessing the Companys financial results. Therefore, these measures should not be considered in isolation or as an alternative to other measures of profitability, liquidity or
performance under GAAP. You should be aware that the Companys calculation of these non-GAAP measures may not be comparable to similarly-titled measures used by other companies.
The Company believes these non-GAAP measures of financial results provide useful information to management and
investors regarding certain financial and business trends relating to the Companys financial condition and results of operations. The Company believes that the use of these non-GAAP financial measures
provides an additional tool for investors to use in evaluating ongoing operating results and trends in and in comparing the Companys financial measures with other similar companies, many of which present similar
non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management
about which expense and income are excluded or included in determining these non-GAAP financial measures, Please refer to the reconciliations of these measures below to what the Company believes are the most
directly comparable measures evaluated in accordance with GAAP.
This press release also includes certain projections of
non-GAAP financial measures. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the
excluded information not being ascertainable or accessible, the Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no
disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included.