![]() Formal Request to SABER Corporation to Explore Strategic Acquisition by a HyperscalerBy: OurInterest As concerned Sabre Corporation shareholders, we call on the Board to formally explore and solicit a strategic acquisition by a Hyperscaler. I. Strategic Case for Hyperscaler Acquisition Sabre's GDS processes billions of travel transactions annually, underpins booking infrastructure for thousands of airlines, hotels, and travel agencies worldwide, and holds decades of proprietary transactional data- in short it is data rich and represents a compelling strategic asset: Proprietary data at scale: Sabre's travel data, combined with a hyperscaler's AI capabilities, could unlock transformative products in dynamic pricing, demand forecasting, fraud detection, and personalisation. Cloud migration acceleration: Enterprise customer base: Sabre's relationships with major airlines, hotel chains, and corporate travel buyers represent a mission-critical enterprise sales channel no hyperscaler currently possesses. Vertical SaaS premium: Hyperscalers are aggressively acquiring vertical-specific SaaS businesses. Sabre would command a premium public markets are presently unwilling to grant. II. Shareholder Value Shareholders have endured prolonged underperformance. Sabre's share price remains deeply depressed relative to pre-pandemic levels, the balance sheet carries meaningful leverage, and the path to sustained free cash flow as a standalone entity is uncertain. A strategic acquisition by a hyperscaler at an appropriate premium would deliver immediate, certain value to all shareholders. Shareholders deserve this value unlocked and we believe an acquisition can be reached at an $8 Billion price tag. III. Why Now The window for this opportunity is not unlimited. Hyperscalers are in an active phase of vertical AI acquisitions. A proactive, investment bank-led process initiated today would position Sabre competitively and allow the Board to negotiate from strength. Waiting risks losing this window entirely. IV. Our Request to the Board We respectfully call on Sabre's Board to: Convene a strategic alternatives committee of independent directors to evaluate a potential sale or merger. Engage a bulge-bracket investment bank to approach the hyperscalers to assess acquisition interest. Communicate outcomes transparently to shareholders. Confirm publicly within 30 days that this process has been initiated, or provide a substantive written explanation why not. V. Message to Fellow Shareholders To fellow shareholders — institutional and retail alike — we urge you to add your voice. If you share the view that a strategic sale to a hyperscaler represents the optimal path to value realisation, communicate that position to Sabre's Investor Relations team, the Board, and publicly. The undersigned has prepared strategic presentations supporting this proposal. We are prepared to share relevant materials with the relevant parties upon request. Yours faithfully, Craig Harewood, Investment Director OurInterest www.ourinterest.org This letter is published for shareholder engagement and public discourse. It does not constitute an offer to buy or sell securities. Seek independent legal and financial advice. End
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