Risk Factors Update Summary

• The anticipated acquisition of Juniper Networks could lead to a termination fee of $815 million if not completed.
• Failure to complete the Merger with Juniper Networks may adversely affect our business and stock price.
• The company may face increased scrutiny and lawsuits related to sustainability issues, impacting financial performance. Damage to reputation could reduce demand for products and services.
• System security risks and cyberattacks could disrupt operations, potentially damaging our reputation and stock price.
• Changing customer preferences have resulted in increased demands for sustainable solutions, which may incur additional costs. This could adversely affect financial results if not managed successfully.
• The adoption of the OECD Pillar Two framework may increase tax complexity and uncertainty, potentially affecting income tax provisions. This could lead to higher tax liabilities in the future.
• Changes in macroeconomic conditions may negatively impact consumer spending, affecting demand for our products.
• The company has issued 30,000,000 shares of 7.625% Series C Mandatory Convertible Preferred Stock, impacting dividend declarations and financial flexibility. This could affect common stock dividends.
• The volatile inflationary environment has constrained spending on network infrastructure, adversely affecting demand for products and services. This trend may continue to impact financial performance.
• We may face increased risks related to climate change and the transition to a lower-carbon economy.
• Our reliance on third-party suppliers may lead to financial losses if supplier relationships are not managed properly.
• The integration of Juniper Networks may be complex and time-consuming, impacting our operational performance.