Zuora, Inc. announced the appointment of John D. Harkey, Jr. to the Zuora Board of Directors, effective April 30, 2024. With the addition of Mr. Harkey, the Zuora Board of Directors will consist of ten Board members, nine of whom are independent. The appointment is in connection with a cooperation agreement Zuora has entered into with Scalar Gauge Fund, LP and certain of its affiliates (collectively, ?Scalar Gauge?).

Scalar Gauge is an investment firm that owns approximately 3.7% of Zuora?s outstanding class A common shares. The Agreement contains customary standstill, voting, non-disparagement, and other provisions. A complete copy of the Agreement will be filed on a Form 8-K with the U.S. Securities and Exchange Commission.

Mr. Harkey will serve as a Class I Director for a one-year term that is expected to expire at the 2025 Annual Meeting. John D. Harkey, Jr. has over 25 years of experience as a chief executive, director and private investor in companies across a wide range of industries. Mr. Harkey is currently the Founder and Principal of JDH Investment Management, LLC ?

which is focused on investments in leading innovative technologies and emerging company opportunities in healthcare ? and Chairman and Chief Executive Officer of Consolidated Restaurant Companies, Inc. ? an operating and franchising company for seven restaurant brands.

Prior to his current focuses, Mr. Harkey was the Co-Founder of AveXis, Inc., a biotechnology company, and Executive Chairman from 2010 to 2015. AveXis was sold to Novartis AG in November 2018. Over the course of his career, Mr. Harkey has previously served on the board of directors of nine public companies.

Mr. Harkey currently serves on the Board of Directors and Audit Committee of Lionsgate Entertainment Corp., is the Chairman of the Board of Directors of Dialectic Therapeutics, Inc., and Chairman of the Board of Veterinary Service, Inc.Mr. Harkey received his B.B.A. in Business Honors and a J.D. from the University of Texas at Austin and an M.B.A. from Stanford University School of Business.