MOLECULAR TEMPLATES, INC.
9301 Amberglen Blvd., Suite 100
Austin, TX 78729
(512) 869-1555
Notice of Adjournment of Special Meeting of Stockholders
Dear Stockholder:
The Special Meeting of Stockholders (the
“Special Meeting”) for Molecular Templates, Inc. (the “Company”) held on November 26, 2024, has been adjourned to December 4, 2024 at 10:00 a.m., Eastern Time, to be held virtually via live webcast on the Internet. The
close of business on October 15, 2024 will continue to be the record date for the determination of stockholders of the Company entitled to vote at the Special Meeting.
The Proxy Statement we sent you in October 2024 contains important information regarding the proposal to approve the dissolution of the Company and the Plan
of Liquidation and Dissolution that all stockholders are being asked to consider. A copy of the Proxy Statement may be viewed or downloaded by following the instructions at www.proxyvote.com. If you have any questions regarding the
proposals, or need assistance with voting, you may call Alliance Advisors LLC, the Company’s proxy solicitor, toll-free
at 1-973-873-7700.
If you
are the record holder of your shares, you may vote in one of four ways. You may submit a proxy to vote over the Internet, by telephone, or by mail or you may vote at the Special Meeting.
You may submit a proxy to vote over the Internet or by telephone: Follow the instructions on the proxy card to vote by Internet or telephone.
You may submit a proxy to vote by mail: If you received a proxy card by mail, you can vote by mail by completing, signing, dating and returning
the proxy card as instructed on the card.
You may vote during the meeting: To vote during the live webcast of the special meeting, you must
first register at https://web.viewproxy.com/mtem/2024. Upon completing your registration, you will receive further instructions via email, including your unique link that will allow you access to the special meeting and to submit
questions during the special meeting. Please be sure to follow instructions found on your proxy card and subsequent instructions that will be delivered to you via email.
Telephone and Internet voting for stockholders of record will be available until 11:59 p.m. Eastern Time on December 3, 2024 and mailed proxy cards must
be received by December 3, 2024 in order to be counted at the Special Meeting. If the Special Meeting is adjourned or postponed, these deadlines may be extended.
Thank you for your prompt attention to this matter and your continued confidence in Molecular Templates, Inc. If you have already voted, we appreciate your
participation, and you may disregard this notice.
Sincerely,
Harold E. “Bary” Selick, Ph.D.
Chairman of the
Board of Directors
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