No securities are beneficially owned.
Vikram Mahidhar is associated with Apollo Management, L.P. ("Apollo Management") and its affiliated investment managers. This report does not include any securities of Rackspace Technology, Inc. (the "Issuer") that may be beneficially owned or held of record by Apollo Management or any of the investment managers or investment advisors affiliated with Apollo Management, or any entity directly or indirectly managed by Apollo Management or any of their respective affiliates. Mr. Mahidhar disclaims beneficial ownership of all such securities, and this report shall not be deemed an admission that Mr. Mahidhar is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.