Ceridian Launches Secondary Public Offering

MINNEAPOLIS–(BUSINESS WIRE)–Ceridian HCM Holding Inc. (“Ceridian” or the “Company”) (NYSE:CDAY)
(TSX:CDAY), a global human capital management software company,
announced today that Cannae Holdings, Inc. and affiliates of Thomas H.
Lee Partners, L.P. (the “Selling Stockholders”) intend to offer
8,000,000 shares of the Company’s common stock, par value $0.01 per
share (the “Common Stock”), pursuant to a shelf registration statement
filed with the Securities and Exchange Commission (the “SEC”).

The offering consists entirely of secondary shares to be sold by the
Selling Stockholders. The Selling Stockholders will receive all of the
proceeds from the offering.

Goldman Sachs & Co. LLC will act as the underwriter for this offering.

An automatic shelf registration statement (including a prospectus)
relating to the offering of Common Stock was filed with the SEC on May
21, 2019 and became effective upon filing. Before you invest, you should
read the prospectus in that registration statement and the documents
incorporated by reference in that registration statement as well as the
prospectus supplement related to this offering. You may obtain these
documents for free by visiting EDGAR on the SEC website at www.sec.gov.
When available, copies of the prospectus supplement and accompanying
prospectus related to the offering may also be obtained from: Goldman
Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY
10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected].

The offering of these securities will be made only by means of a
prospectus supplement and the accompanying prospectus. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in any
state or other jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or other jurisdiction. Any offer to
buy the securities may be withdrawn or revoked, without obligation or
commitment of any kind, at any time prior to notice of its acceptance
given after the effective date.

About Ceridian HCM Holding Inc.

Ceridian. Makes Work Life Better™.

Ceridian is a global human capital management software company.
Dayforce, our flagship cloud HCM platform, provides human resources,
payroll, benefits, workforce management, and talent management
functionality. Our platform is used to optimize management of the entire
employee lifecycle, including attracting, engaging, paying, deploying,
and developing people. Ceridian has solutions for organizations of all
sizes.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These statements are subject to risks and
uncertainties. All statements other than statements of historical fact
or relating to present facts or current conditions included in this
press release are forward-looking statements. Forward-looking statements
give our current expectations and projections relating to our financial
condition, results of operations, plans, objectives, future performance
and business. You can identify forward-looking statements by the fact
that they do not relate strictly to historical or current facts. These
statements may include words such as “anticipate,” “estimate,” “expect,”
“project,” “seek,” “plan,” “intend,” “believe,” “will,” “may,” “could,”
“continue,” “likely,” “should,” and other words.

The forward-looking statements contained in this press release are based
on our current expectations and assumptions regarding our business, the
economy, and other future conditions. Because forward-looking statements
relate to the future, by their nature, they are subject to inherent
uncertainties, risks, and changes in circumstances that are difficult to
predict. As a result, our actual results may differ materially from
those contemplated by the forward-looking statements. Important factors
that could cause actual results to differ materially from those in the
forward-looking statements include regional, national or global
political, economic, business, competitive, market and regulatory
conditions and the following: our inability to attain or to maintain
profitability; significant competition for our solutions; our inability
to continue to develop or to sell our existing Cloud solutions; our
inability to manage our growth effectively; the risk that we may not be
able to successfully migrate our Bureau customers to our Cloud solutions
or to offset the decline in Bureau revenue with Cloud revenue; the
market for enterprise cloud computing develops slower than we expect or
declines; efforts to increase use of our Cloud solutions and our other
applications may not succeed; we fail to provide enhancements and new
features and modifications to our solutions; failure to comply with the
FTC’s ongoing consent order regarding data protection; system
interruptions or failures, including cyber-security breaches, identity
theft, or other disruptions that could compromise our information; our
failure to comply with applicable privacy, security and data laws,
regulations and standards; changes in regulations governing privacy
concerns and laws or other domestic or foreign data protection
regulations; we are unable to successfully expand our current offerings
into new markets or further penetrate existing markets; we are unable to
meet the more complex configuration and integration demands of our large
customers; our customers declining to renew their agreements with us or
renewing at lower performance fee levels; we fail to manage our
technical operations infrastructure; we are unable to maintain necessary
third party relationships or third party software licenses, or there are
errors in the software we license; our inability to protect our
intellectual property rights, proprietary technology, information,
processes, and know-how; we fail to keep pace with rapid technological
changes and evolving industry standards; or changes in laws and
regulations related to the Internet or changes in the Internet
infrastructure itself. Although we have attempted to identify important
risk factors, there may be other risk factors not presently known to us
or that we presently believe are not material that could cause actual
results and developments to differ materially from those made in or
suggested by the forward-looking statements contained in this press
release. If any of these risks materialize, or if any of the above
assumptions underlying forward-looking statements prove incorrect,
actual results and developments may differ materially from those made in
or suggested by the forward-looking statements contained in this press
release.

Any forward-looking statement made by us in this press release speaks
only as of the date on which we make it. Factors or events that could
cause our actual results to differ may emerge from time to time, and it
is not possible for us to predict all of them. We undertake no
obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future developments or
otherwise, except as may be required by law. Comparisons of results for
current and any prior periods are not intended to express any future
trends or indications of future performance, unless specifically
expressed as such, and should be viewed as historical data.

Contacts

Jeremy Johnson
Vice President, Finance and Investor Relations
Ceridian
HCM Holding Inc.
1-844-829-9499
[email protected]

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