TEXTAINER GROUP HOLDINGS LIMITED Incorporated in Bermuda Company number: EC18896 NYSE share code: TGH JSE share code: TXT ISIN: BMG8766E1093 LEI: 529900OHEYRATAFMIT89 (“Textainer”, “the Company”, “we” and “our””) Textainer Group Holdings Limited Reports Third-Quarter 2023 Results and Declares Dividend Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer”, “the Company”, “we” and “our”), one of the world’s largest lessors of intermodal containers, today reported unaudited financial results for the third-quarter ended September 30, 2023. Key Financial Information (in thousands of U.S. dollars, except for per share and TEU amounts) and Business Highlights: Q TD Q 3 2023 Q 2 2023 Q 2 2022 Total lease rental income $ 192,497 $ 192,163 $ 205,152 Gain on sale of owned fleet containers, net $ 5,197 $ 7,703 $ 22,788 Income from operations $ 92,165 $ 97,678 $ 123,292 Net income attributable to common shareholders $ 44,677 $ 51,332 $ 76,400 Net income attributable to common shareholders per diluted common share $ 1.07 $ 1.20 $ 1.64 (1) Adjusted net income $ 45,410 $ 51,332 $ 76,562 (1) Adjusted net income per diluted common share $ 1.08 $ 1.20 $ 1.64 Adjusted EBITDA (1) $ 160,454 $ 162,958 $ 192,647 (1) Headline earnings $ 44,260 $ 51,332 $ 77,259 (1) Headline earnings per diluted common share $ 1.06 $ 1.20 $ 1.65 Net asset value per diluted common share attributable to the equity holders of the Company $ 50.02 $ 48.23 $ 44.28 (2) Average fleet utilization 99.0% 98.8% 99.4% Total fleet size at end of period (TEU) (3) 4,329,157 4,334,809 4,478,963 Owned percentage of total fleet at end of period 93.9% 93.8% 93.6% (1) Refer to the “Use of Non-GAAP Financial Information” set forth below. (2) Utilization is computed by dividing total units on lease in CEUs (cost equivalent unit) by the total units in our fleet in CEUs, excluding CEUs that have been designated as held for sale and units manufactured for us but not yet delivered to a lessee. CEU is a unit of measurement based on the approximate cost of a container relative to the cost of a standard 20-foot dry container. These factors may differ from CEU ratios used by others in the industry. (3) TEU refers to a twenty-foot equivalent unit, which is a unit of measurement used in the container shipping industry to compare shipping containers of various lengths to a standard 20-foot container, thus a 20-foot container is one TEU and a 40-foot container is two TEU. • Net income of $44.7 million for the third quarter, or $1.07 per diluted common share, as compared to $51.3 million, or $1.20 per diluted common share, for the second quarter of 2023; • Adjusted net income of $45.4 million for the third quarter, or $1.08 per diluted common share, as compared to $51.3 million, or $1.20 per diluted common share, for the second quarter of 2023; • Adjusted EBITDA of $160.5 million for the third quarter, as compared to $163.0 million for the second quarter of 2023; • Headline earnings of $44.3 million for the third quarter, or $1.06 per diluted common share, as compared to $51.3 million, or $1.20 per diluted common share in the second quarter of 2023; • Third quarter average and current utilization rate of 99.0% and [99.x%], respectively; • Added $162.4 million of new containers through the first nine months of 2023, virtually all assigned to long-term leases; • On October 22, 2023, Textainer announced it had entered into a definitive agreement to be acquired by Stonepeak in a transaction expected to close in the first quarter of 2024; • Repurchased 996,403 common shares at an average price of $40.12 per share during the third quarter. Textainer has suspended its share repurchase program in light of the pending transaction with Stonepeak; • Textainer’s board of directors approved and declared a quarterly preferred cash dividend on its 7.00% Series A and its 6.25% Series B cumulative redeemable perpetual preference shares, payable on December 18, 2023, to holders of record as of December 1, 2023; and • Textainer’s board of directors approved and declared a $0.30 per common share cash dividend, payable on December 18, 2023 to holders of record as of December 1, 2023. The full dividend information is detailed in a separate announcement. Transaction with Stonepeak As announced on SENS on 23 October 2023, Textainer has entered into a definitive agreement under which Stonepeak will acquire all of the outstanding common shares of Textainer for $50 per share in cash. This transaction is expected to close in the first quarter of 2024, subject to customer closing conditions, including approval by Textainer shareholders and other required regulatory clearances and approvals. In light of the pending transaction, Textainer will not hold an earnings conference call to discuss its third quarter results. Use of Non-GAAP Measures U.S. securities laws require that when we publish any non-GAAP measures, we disclosure the reason for using these non-GAAP measures and provide reconciliations to the directly comparable GAAP measures in our full announcement. The presentation of Adjusted net income, Adjusted net income per diluted common share, Adjusted EBITDA, Headline earnings and Headline earnings per diluted common share are non-GAAP measures. About Textainer Group Holdings Limited Textainer has operated since 1979 and is one of the world’s largest lessors of intermodal containers with more than 4 million TEU in our owned and managed fleet. We lease containers to approximately 200 customers, including all of the world’s leading international shipping lines, and other lessees. Our fleet consists of standard dry freight, refrigerated intermodal containers, and dry freight specials. We also lease tank containers through our relationship with Trifleet Leasing and are a supplier of containers to the U.S. Military. Textainer is one of the largest and most reliable suppliers of new and used containers. In addition to selling older containers from our fleet, we buy older containers from our shipping line customers for trading and resale and we are one of the largest sellers of used containers. Textainer operates via a network of 14 offices and approximately 400 independent depots worldwide. Textainer has a primary listing on the New York Stock Exchange (NYSE: TGH) and a secondary listing on the Johannesburg Stock Exchange (JSE: TXT). Visit www.textainer.com for additional information about Textainer. Textainer Group Holdings Limited Investor Relations Phone: +1 (415) 658-8333 ir@textainer.com Short-Form Announcement This short-form announcement is the responsibility of Textainer’s Board of Directors and is a summary of the information in the detailed financial results announcement. This short-form announcement does not contain complete or full announcement details. Any investment decision by investors and/or shareholders should be based on consideration of the full announcement. The short-form announcement has not been audited or reviewed by Textainer's external auditors. The full announcement may be downloaded from https://senspdf.jse.co.za/documents/2023/jse/isse/TXTE/ResultsQ3.pdf or from Textainer's Investor Relations website at http://investor.textainer.com, and is also available from the registered office of the Company (Century House 16 Par-la-Ville Road, Hamilton, Bermuda, HM 08) and at the office of the sponsor, at no charge, during normal business hours. 2 November 2023 Sponsor: Investec Bank Limited