Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of McAfee Shareholder Litigation

SAN JOSE, Calif.–(BUSINESS WIRE)–The following statement is being issued by Robbins Geller Rudman & Dowd
LLP regarding the McAfee Shareholder Litigation:

SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION

IF YOU HELD SHARES OF COMMON STOCK IN MCAFEE, INC. (“MCAFEE”) AND
EXCHANGED YOUR SHARES FOR CONSIDERATION IN THE ACQUISITION OF MCAFEE BY
INTEL CORPORATION (“INTEL”) AT THE PRICE OF $48.00 PER SHARE, YOUR
RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF A CLASS ACTION.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the Superior Court of
the State of California, County of Santa Clara, that a hearing will be
held on October 4, 2019, at 9:00 a.m. (the “Settlement Hearing”), in
Department 5, 191 North First Street, San Jose, California 95113, for
the purpose of determining: (1) whether the proposed settlement of the
claims in the Action for the sum of $11,700,000.00 in cash on the terms
set forth in the Stipulation of Settlement dated March 13, 2019
(“Stipulation” or “Settlement”) should be approved by the Court as fair,
reasonable, and adequate¹; (2) whether the plan of
distribution is fair, reasonable, and adequate and therefore should be
approved; and (3) whether the application of Class Counsel for an award
of attorneys’ fees and expenses and a service award to Plaintiff, the
Central Laborers’ Pension Fund, should be approved.

If you received consideration for your McAfee common stock shares in the
acquisition of McAfee by Intel at the price of $48.00 per share, your
rights may be affected by the Settlement of this Action. If you have not
received a more detailed Notice of Proposed Settlement of Class Action
(“Notice”) and a copy of the Proof of Claim, you may obtain copies by
writing to McAfee Shareholder Litigation, Claims Administrator,
c/o Gilardi & Co. LLC, P.O. Box 404129, Louisville, KY 40233-4129, or
you can download a copy at www.McAfeeShareholderSettlement.com.
If you are a Class Member, in order to share in the Settlement proceeds,
you must submit a Proof of Claim by mail postmarked no later than
September 9, 2019, or submitted electronically no later than September
9, 2019, establishing that you are entitled to recovery. You will be
bound by any judgment rendered in the Action whether or not you make a
claim. If you requested exclusion from the Class in connection with the
Notice of Pendency, no further action is required to be excluded from
the Class for purposes of the Settlement or any judgment that may be
entered in this Action.

Although you may appear and be heard at the Settlement Hearing without
filing a written submission in advance, should you wish to file a
written objection to the Settlement, the plan of distribution, or Class
Counsel’s request for an award of attorneys’ fees and expenses and/or
the service award to Plaintiff, you may do so by filing it with the
Court at the address below and sending it to Class Counsel listed below
such that it is received no later than August 12, 2019:

Inquiries regarding the Settlement or the Action may be made to a
representative of Class Counsel or the Claims Administrator:

PLEASE DO NOT CONTACT DEFENDANTS, THE COURT, OR THE CLERK OF THE
COURT ABOUT THE SETTLEMENT.

¹ All capitalized terms not otherwise defined herein shall
have the same meanings as set forth in the Stipulation. The Stipulation
can be viewed and/or downloaded at www.McAfeeShareholderSettlement.com.

Contacts

Robbins Geller Rudman & Dowd LLP
Shareholder Relations
Rick
Nelson
1-619-231-1058