Box Investor Presentation — August 2017

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Second Fiscal Quarter

FY18 Financial Results

August 30, 2017This presentation contains forward -looking statements that involve risks and uncertainties, including statements regarding Box’s expectations regarding

the size of its market opportunity, the demand for its products, its ability to scale its business and drive operating levera ge,its ability to achieve its long -

term operating model targets (including its revenue target of $1 billion), its ability to achieve positive free cash flow for each of the third and fourth

quarters of fiscal 2018 and the full fiscal year ending January 31, 2018, free cash flow for the full fiscal year ending Janu ary31, 2018, profitability, recent

and planned product introductions and enhancements, the short -and long -term success and benefits of such product introductions and enhancements,

and the success of strategic partnerships, as well as expectations regarding its revenue, GAAP and non -GAAP earnings per share, the related comp onents

of GAAP and non -GAAP earnings per share, and weighted average basic and diluted outstanding share count expectations for Box’s f iscal third quarter

and full fiscal year 2018.

There are a significant number of factors that could cause actual results to differ materially from statements made in this p ress release, including: (1)

adverse changes in general economic or market conditions; (2) delays or reductions in information technology spending; (3) fa ctors related to Box’s

intensely competitive market, including but not limited to pricing pressures, industry consolidation, entry of new competitor s and new applications and

marketing initiatives by Box’s current or future competitors; (4) the development of the Cloud Content Management market; (5) risks associated with Box’s