Bandwidth Prices of Secondary Offering

11/3/20

Bandwidth Inc. (NASDAQ: BAND), a leading enterprise cloud communications company, today announced the pricing, on November 2, 2020, of the previously announced secondary offering of shares of its Class A common stock. VIP II Nominees Limited (for the benefit of Vitruvian Investment Partnership II, a fund managed by Vitruvian Partners LLP) (the "Selling Stockholder"), has agreed to sell an aggregate of 663,394 shares of the Company's Class A common stock in an underwritten public offering at a price of $152.00 per share. The offering is expected to close on November 5, 2020, subject to customary closing conditions.

It is anticipated that, upon completion of these transactions, the Selling Stockholder will have disposed of all of its shares of Class A common stock of the Company.

Morgan Stanley acted as the underwriter for the offering.

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