Cannae Holdings, Inc. Highlights its Superior Director Nominees for Election at December 12 Annual Meeting

About this update from Cannae Holdings, Inc.

~ Carronade’s Nominees Lack Requisite Public Company Leadership/Governance and Are Instead Dominated by Inapplicable Distressed Debt and Restructuring Skillsets ~ ~ Cannae’s Nominees Possess Needed Skills and Experiences to Guide Strategic Transformation and Sustainable Long-Term Value Creation in Ongoing Investments ~ ~ Cannae Urges Shareholders to Vote on WHITE Proxy Card "FOR" ONLY our Highly Qualified Nominees ~ LAS VEGAS, December 01, 2025 --( BUSINESS WIRE )--Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the "Company") today reminded shareholders to protect the value of their investment by voting "FOR" ONLY Cannae’s four highly qualified and experienced director nominees (Erika Meinhardt, Barry B. Moullet, James B. Stallings, Jr., and Frank P. Willey). Carronade is seeking more than just four director seats – the firm is seeking outsized influence including a new Strategic Review Committee with the majority of seats held by Carronade nominees. This board within a board structure effectively strips oversight authority away from the full Board, while casting aside directors who possess the deep investment expertise and historical perspective that our portfolio requires. Carronade’s Directors Lack Critical Expertise for Cannae’s Transformation Carronade claims that it is running a campaign focused on improving Cannae’s governance, yet Carronade’s nominees bring a narrow specialization in bankruptcy, distressed debt and restructuring, while offering little to no experience in public company leadership or governance . The Carronade nominees’ common skillsets are irrelevant for Cannae’s permanent capital model and corporate strategy of building long-term value in high-growth proprietary investments. Chérie Schaible Dennis Prieto Mona Aboelnaga Kanaan Benjamin Duster Bottom line : Carronade’s nominees have failed to demonstrate the necessary skillsets needed for our strategic plan, offer little to no experience in public company leadership or governance, and would increase execution risk at a critical time. Electing Carronade’s nominees would be disruptive to your Board, undermine Cannae’s progress, and jeopardize long-term shareholder value. Cannae’s Nominees Provide Essential Skills and Experiences Cannae’s four nominees possess the sector-specific operational expertise required to guide our growth strategy and provide effective, independent oversight – expertise that cannot be replaced by generalist restructuring skills. Barry Moullet – Foodservice, Supply Chain and Consumer Platform Expertise James Stallings, Jr. – Technology & Cybersecurity Leadership Erika Meinhardt – Operational Leadership & Strategic Execution Frank Willey – Legal, Risk Management and Governance Expertise The Cannae Board of Directors is committed to acting in the best interests of all shareholders and unanimously recommends that shareholders vote on the WHITE proxy card "FOR" ONLY all four of Cannae’s highly qualified director nominees standing for election— Barry B. Moullet, James B. Stallings, Jr., Erika Meinhardt, and Frank P. Willey. Thank you for your continued support. Sincerely, The Cannae Board of Directors Source: Cannae Holdings, Inc. Forward-Looking Statements and Risk Factors This communication includes forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts, but instead represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of our control. Forward-looking statements include statements about our business, strategic plans, future performance, return of capital, and the impact of our actions on shareholder value, and commitments outlined in this communication or elsewhere. These statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects," and similar references to future periods, or by the inclusion of forecasts or projections. We caution readers not to place undue reliance on forward-looking statements. We expect that certain disclosures made in this communication may be updated or revised in the future as the quality and completeness of our data and methodologies continue to improve. Important factors that could cause actual results to differ materially from expectations are described under the heading "Risk Factors" in our most recent Annual Report on Form 10-K and in other filings we make with the SEC. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors, except where we are expressly required to do so by law. Important Additional Information and Where to Find It The Company has filed a definitive proxy statement on Schedule 14A, an accompanying WHITE proxy card, and other relevant documents with the SEC in connection with the solicitation of proxies from the Company’s shareholders for the Annual Meeting. THE COMPANY’S SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE COMPANY’S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), THE ACCOMPANYING WHITE PROXY CARD, AND ANY OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain a free copy of the definitive proxy statement, an accompanying WHITE proxy card, any amendments or supplements to the definitive proxy statement, and other documents that the Company files with the SEC at no charge from the SEC’s website at www.sec.gov . Copies will also be available at no charge by clicking the "SEC Filings" link in the "Financials" section of the Company’s website at https://www.cannaeholdings.com/financial-information/sec-filings . View source version on businesswire.com: https://www.businesswire.com/news/home/20251130936423/en/ Contacts Shareholders may call toll free: (877) 750-0637 Banks and Brokers may call collect: (212) 750-5833

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