SAIC and Engility Announce Date for Special Stockholders Meetings to Approve Merger

Science Applications International Corporation (“SAIC”) (NYSE: SAIC) and Engility Holdings, Inc. (“Engility”) (NYSE: EGL) today announced that each company will hold a special meeting on January 11, 2019 for their respective stockholders to consider and vote on certain proposals related to the proposed acquisition of Engility by SAIC. The joint proxy statement/prospectus describing the proposed transaction is currently expected to be mailed on or about December 4, 2018 to SAIC and Engility stockholders of record as of November 29, 2018.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181115006033/en/

The SAIC stockholder meeting will be held at 9:00 a.m. EST at SAIC’s Corporate Headquarters located at 12010 Sunset Hills Road, Reston, Virginia, 20190.

Engility’s stockholder meeting will be held at 9:00 a.m. EST at Engility Corporate Headquarters located at 4803 Stonecroft Boulevard, Chantilly, Virginia, 20151.

As previously announced, on September 9, 2018, SAIC and Engility have agreed to combine in an all-stock transaction to create the second largest independent technology integrator in government services. Under the terms of the proposed transaction, Engility stockholders will be entitled to receive a fixed exchange ratio of 0.450 shares of SAIC common stock for each share of Engility common stock. Upon completion, it is estimated that SAIC stockholders will own approximately 72% and Engility stockholders will own approximately 28% of the combined company on a pro-forma, fully diluted basis.

The transaction remains subject to customary conditions, including approval by SAIC’s and Engility’s stockholders. The proposed transaction is expected to be completed shortly after the stockholders of both companies approve the merger.

About SAIC

SAIC (NYSE: SAIC) is a technology integrator, primarily supporting the government services market. SAIC provides technology and engineering solutions, specializing in information technology, platform integration, training and simulation, intelligence, and mission expertise. For additional information about SAIC, please visit www.saic.com.

About Engility

Engility (NYSE: EGL), a $2 billion technology leader, has thousands of employees around the world working to make a difference. Our history of delivering results for the defense, federal civilian, intelligence and space industries spans more than 60 years. We provide leading-edge solutions and services on Earth, in space and across cyber by leveraging expertise in systems engineering & integration, high performance computing, cybersecurity, readiness & training, enterprise modernization and mission operations support. To learn more about us, please visit www.engility.com and connect with us on Facebook, LinkedIn and Twitter