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STRICTLY CONFIDENTIAL. NOT FOR PUBLIC DISTRIBUTION.APPROVED FOR PUBLIC DISTRIBUTION, May 2014

OTC MKT: FNJN

May 2014

www.finjan.com

1

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APPROVED FOR PUBLIC DISTRIBUTION, May 2014

The following presentation is an outline of matters for informational purposes only. This document does not constitute an offer to sell or a solicitation of an offer to buy any securities of Finjan Holdings, Inc. (“Finjan”, “we” or “us”).

This presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include statements regarding our expectations, intentions, beliefs and projections about our future results, performance, prospects and opportunities. These statements can be identified by the fact that they do not relate strictly to historical or current facts or by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “potential,” “should,” “will,” “will be,” “would,” the negative of these terms and similar expressions, but this is not an exclusive way of identifying such statements. Readers are cautioned that forward-looking statements are not guarantees of future performance. Our actual results, performance and achievements may differ materially from those expressed in, or implied by, the forward-looking statements contained in this presentation as a result of various risks, uncertainties and other factors. Important factors that could cause our actual results to differ materially from our expectations include, without limitation, our ability to execute our business plan, the outcome of pending or future enforcement actions, our ability to expand our technology portfolio, the enforceability of our patents, the continued use of our technology in the market, the development of a liquid trading market for our securities and other factors described under Item 1A, “Risk Factors,” as set forth in the Company’s Annual Report on Form 10-K filed with the SEC on March 14, 2014, and any subsequent quarterly or current reports.

The Company will continue to file annual, quarterly and current reports, proxy statements and other information with the SEC. Forward-looking statements speak only as of the dates specified in such filings or presentations. Except as expressly required under federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not undertake any obligation to update any forward-looking statements to reflect events or circumstances arising after any such date, whether as a result of new information or future events or otherwise. You should not place undue reliance on the forward-looking statements included in this presentations or that may be made elsewhere from time to time by us, or on our behalf. All forward-looking statements attributable to us are expresslyqualified by these cautionary statements.

Our filings with the SEC are available to the public on, and may be reviewed at, the SEC’s internet website http://www.sec.gov and on Finjan’s web site http://www.finjan.com. You may also read and copy any document that Finjan files with the SEC at the SEC’s Public Reference Room, 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the Public Reference Room and their copy charges.

Safe Harbor Statement

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At a Glance

Pioneer in Cybersecurity with a Diverse Global Portfolio of 40+ Issued and Pending Patent Assets.

Successfully Licensed Intellectual Property to 5 Major Companies Resulting in more than $145 MM of Income.

Innovator in Software Security

•Spurred by a challenge to develop a “killer” Java application

•Early recognition that inventions needed patent protection

Over $65 MM Invested in R&D

•10 facilities worldwide

•150 employees

•12 inventors across the patent portfolio

Broad Portfolio of Patents

•40+ issued and pending patents around the world

•Patents covering Finjan developed products

•Fundamental, not “feature,” patents

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Investment Thesis

Large Licensing Universe

Successful Licensing History

Strong Balance Sheet

Homegrown Technology

Seasoned Management Team

Distinguished Board of Directors

RespectedInvestor Base

Over $100 BN addressable market for Cybersecurity between 2013 and 2017

Successfully received more than $145 MM in licensing/enforcement income absent a

dedicated management team and focused business model

$23 MM in cash and no debt (per 10K filed on 3/31/2014)

Battle-proven foundational IP portfolio is a direct result of our R&D efforts and

invested dollars

Team that executes, experts in patent monetization, technology investments and

capital markets

Advisory representation from globally respected technology and investment leaders

Include top technology venture capitalists, former fortune 500 CEOs & institutional

investors with successful track record of investing in technology & intellectual property

4



Historic investor base includes top technology venture capitalists, former Fortune 500

CEOs & institutional investors with successful track record of investing in technology & IP

Stock Information

1: As of 5/6/2014

Ticker Symbol OTC MKT:FNJN

Recent Share Price* $5.50

52-Week Range* $4.70 – $15.00

Fully Diluted Share Count 22,368,415

Market Cap* $119 million

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Distinguished Board of Directors

Michael Eisenberg Director

• Partner, Aleph, an early stage Israeli venture fund

• General Partner, Benchmark Partners

• Former Partner, Israel Seed Partners

• BA Political Science, Yeshiva University

Alex Rogers Director

• Managing director, HarbourVest Partners

• Former business analyst, McKinsey & Company

• Serves on multiple boards of private/public companies

• MBA, Harvard Business School

• BA Economics, Duke University

Eric Benhamou Director

• CEO and Founder, Benhamou Global Ventures

• Former CEO, Palm

• Former CEO, 3Com

• Doctorate, Arts et Métiers, Paris Tech

• Masters in Engineering, Stanford University

Edward Gildea Director

• Former chairman, CEO of Converted Organics

• Former executive vice president of Quality Metric

Incorporated

• Board member, WPCS International Incorporated

• JD, Suffolk University Law School

• BA, College of the Holy Cross

Daniel Chinn Director

• Partner, Tulchinsky Stern Marciano Cohen Levitski & Co.

• Former Partner, Herzog, Fox & Neeman

• Former Partner, Israel Seed Partners

• BA Jurisprudence, Oxford University

• Member of the Israel Bar Association

Harry Kellogg Director

• Former vice chairman of the board of the Silicon Valley

Bank, the California bank subsidiary and the

commercial banking operation of SVB Financial Group

• Serves on multiple boards of civic and industry

organizations

• BS Business Administration & Finance, San Jose State

University

Michael Southworth Director

• CFO Contact Solutions LLC

• Former SVP of Global Wireless Solutions at Corning

• BS Biology Business Concentration, University of

California at Berkeley

• CPA in the State of California

Glenn Daniel Director

• Former Managing Director Houlihan Lokey

• BA German & Economics, University of Wisconsin,

Madison

• MS Finance, University of Wisconsin, Madison

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Seasoned Management Team

Shimon Steinmetz Chief Financial Officer

• Former technology banker - Cantor Fitzgerald, Goldman

and Citigroup

• Former senior associate at TH Lee Putnam Ventures

• MBA, University of Chicago

• BA, Yeshiva University

Ivan Chaperot VP, IP Licensing

• Former Intel executive responsible for large scale IP

transactions

• Former Licensing executive Intellectual Ventures

• Former senior manager Alcatel Lucent

• MA, Centre for International Intellectual Property Studies

• DEA, University of Paris-Sud

Phil Hartstein President

• Former VP and portfolio manager at IP Navigation Group

• Former managing director at Rembrandt IP

• Former director in a patent brokerage, practice head of an

IP consulting firm, trained in boutique IP firm

• BS Industrial Technology, Cal Poly SLO

Julie Mar-Spinola VP, Legal Operations

• Former GC at Alta Devices, Phoenix Technologies and iolo

technologies

• Former VP, Global Affairs at Atmel Corporation (ATML),

overseeing global IP, litigation and licensing

• Former Special Counsel to Heller Ehrman, specializing in

complex IP litigation

Miyun Sung VP, Legal Counsel

• Former Counsel for Hogan Lovells

• Former Senior Counsel for Micro Strategy Inc.

• JD, Harvard Law School

• BA, Cornell University

Shlomo Touboul, Senior Advisor (Finjan, Inc.)

• Founder of Finjan Software and inventor on a number of

Finjan patents

• Founder at CUPP Computing, Yoggie Security Systems,

StrategySeeker.com

• BS, Technion Israel Institute of Technology

Friederike Edelmann, Director Investor Relations

• Former IRO SAP, Coty, Realtech

• Member of the Board of NIRI New York

• Bachelor of Business Administration, Florida Atlantic

University/Accadis Bad Homburg, Germany

• MS in Marketing, GSBA Oekreal Zurich, Switzerland

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Diverse global patent portfolio in endpoint, web and network security built from Finjan’s

own innovations

Relevant Intellectual Property Portfolio

PATENT PORTFOLIO

• 22 issued U.S. patents

• 4 pending U.S.

applications

• 11 issued foreign

patents

• 4 pending foreign

applications

PORTFOLIO HIGHLIGHTS

• Worldwide coverage

• Earliest priority dates:

1996

• Expiration dates: 2030

and beyond

• Multiple families

UNITED STATES

22 Granted Patents

4 Patent Applications

CANADA

1 Granted Patent


GERMANY

1 Granted Patent

FRANCE

1 Granted Patent

ITALY

1 Granted Patent

NETHERLANDS

1 Granted Patent

U.K.

1 Granted Patent

JAPAN

1 Granted Patent

ISRAEL

3 Granted Patents

1 Patent Application

PCT Filings

1 Granted Patent


Note: Additional non-public fillings

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THIRD-PARTY LICENSING AGENTS

AND AGGREGATORS

Name TickerMarket

Cap

RPXC$856

MM

ACTG$739

MM

Private ?

Private ?

Private ?

Private ?

TECHNOLOGY BASED IP COMPANIES

Name TickerMarket

Cap

FNJN

$123

MM

IDCC$1.4

BN

TSRA$1.1

BN

RMBS$1

BN

PRKR$512

MM

WILN$402

MM

Finjan identifies with a distinguished grouping of public and private companies

with an income component from intellectual property

Peer Group Analysis

ACQUIRED IP COMPANIES

Name TickerMarket

Cap

VHC$731

MM

PCO$377

MM

VRNG$319

MM

UPIP$223

MM

DSS$57

MM

SPEX $11

MM

Note: Market Cap as of 5/6/14

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2007:

2012: Confidential

2012: Confidential

2010: “2010 Litigation” (5 Defendants)

2013:

2013:

2013:

2013:

2014:

2005:

2009:

2012:

Finjan generates revenues by granting IP licenses and, where necessary, protecting its

proprietary inventions through active enforcement of patent rights

Todays IP, Enabling Tomorrow’s Innovation

LICENSING LITIGATION

SETTLEMENTS

80% 20%

80%

Finjan has generated more than $145 MM in income from licenses and settlements

JUDGEMENTS20%

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=HfdBDGWNPd0FqM&tbnid=ALRESiGt0n62LM:&ved=0CAUQjRw&url=http://www.ndm.net/websecurity/websense-web-security&ei=EzV5Uo6pOYWMrgeMj4HgAQ&bvm=bv.55980276,d.bmk&psig=AFQjCNGZKNrmZQxzSn-3zKQ4Qm8cnb3M6w&ust=1383761521783825

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=HfdBDGWNPd0FqM&tbnid=ALRESiGt0n62LM:&ved=0CAUQjRw&url=http://www.ndm.net/websecurity/websense-web-security&ei=EzV5Uo6pOYWMrgeMj4HgAQ&bvm=bv.55980276,d.bmk&psig=AFQjCNGZKNrmZQxzSn-3zKQ4Qm8cnb3M6w&ust=1383761521783825

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JUDGMENTS

Successful Track Record Monetizing Assets

COMPANY . DATELICENSES & SETTLEMENTS

TYPE*

March 2008 $37.9 MM

• Established royalty rate 8%-16%

• Willfulness found

• Injunction granted

July 2005 $8 MM• Paid-up,

cash• Portfolio

• Life of patents

Nov 2009 25% equity of M86 • Stock• Portfolio

• Life of patents

March 2012 $3.1 MM1 • Stock• Portfolio

• Life of patents

April 2012 $11.3 MM • Confidential• Portfolio

• Life of patents

Nov 2012 $85 MM • Confidential• Portfolio

• Life of patents

LICENSES&

SETTLEMENTS

*e.g.: Running royalty, paid up, lump sum, etc.

1: Estimated book value representing 224,000 shares of Trustwave

Source: company SEC fillings

CONFIDENTIAL

CONFIDENTIAL

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Finjan’s licensing best practices are to serve as a road map to the industry

Licensing Best Practices

Ensure focused licensing and enforcement programs pursuing the provider of patented technology and not its customers, consumers or end users.

Conduct reasonable diligence to determine patent’s enforceability and use with respect to prospective licensees, and make that information available to them.

Respect procedural rights and judicial efficiency in courts and in prosecution and protection of intellectual property behind innovation.

Be transparent with intent in each discussion, and articulate cause and effect scenarios, which would prompt shift in communication and escalation of each discussion.

Provide useful facts to prospective licensees and defendants to foster productive business discussions early and often to aid in informed decision-making.

Offer fair value licenses or settlements based on legitimate factors and considerations.

Commit to keeping lines of communications open between patent owner and prospective licensee, to preserve path for parties to find amicable solution or resolution for their respective business.

12



Product suite includes software and appliances focused on protecting endpoint devices

connected through web or enterprise network infrastructure

In-house Developed Technology

Small and Medium-SizedBusiness Solutions

Enterprise Solutions Large Enterprise Solutions

NG-100 NG-5100 NG-6100 NG-8100

• Behavior based detection prevention of malicious code/viruses

• Our technology is the base architecture for monitoring malicious code/viruses as individuals and

enterprises access the internet through multiple access points/networks (mobile, private, public,

enterprise)

• Increased relevance in a connected but unwired world

Example

Situation: Someone sends you a power point file that has a virus that downloads malware

Solution: Finjan technology runs the attached file in the sandbox in the background, identifies the

malicious code, strips it out, and replaces the clean attachment without the user even

knowing it

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=2hJx7MqEm-n7kM&tbnid=VNED3cbNiysb6M:&ved=0CAUQjRw&url=http://www.1st-computer-networks.co.uk/finjan-enterprise.php&ei=Wtp7Ut_mL4bMrQfQ_ICQCA&psig=AFQjCNEMUkVjkGd8zNphgUjPfqatze35Ew&ust=1383934914906284

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=2hJx7MqEm-n7kM&tbnid=VNED3cbNiysb6M:&ved=0CAUQjRw&url=http://www.1st-computer-networks.co.uk/finjan-enterprise.php&ei=Wtp7Ut_mL4bMrQfQ_ICQCA&psig=AFQjCNEMUkVjkGd8zNphgUjPfqatze35Ew&ust=1383934914906284

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=rqNueposcsEpNM&tbnid=XubC8ST6TUL0rM:&ved=0CAUQjRw&url=http://www.1st-computer-networks.co.uk/finjan-small-medium.php&ei=JwJ4Uvq3FJHirAfmioHgCw&bvm=bv.55819444,d.bmk&psig=AFQjCNE2ArwNSEN7-jAoimcChoH7Q_Lj-Q&ust=1383682812109179

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=rqNueposcsEpNM&tbnid=XubC8ST6TUL0rM:&ved=0CAUQjRw&url=http://www.1st-computer-networks.co.uk/finjan-small-medium.php&ei=JwJ4Uvq3FJHirAfmioHgCw&bvm=bv.55819444,d.bmk&psig=AFQjCNE2ArwNSEN7-jAoimcChoH7Q_Lj-Q&ust=1383682812109179

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Commercial Adoption of Security Solutions

1995 1995 - 2000 2000 - Present

VIRUS MALWARE

NETWORK

GATEWAY

SECURITY

SOLUTION Early Adaptive Integrated Comprehensive

THREAT

Virus and

signature-based

threats delivered

to endpoints

Malware and

malicious code

and other yet

unknown threats

over the web to

endpoints

Viruses and

malware over the

web and through

private networks

attacking

endpoints and

data storage

Cybersecurity includes antivirus

and malware in both software

and hardware but includes

intrusion prevention fraud

detection to any number of

connected endpoint devices

COVERAGE Endpoint Endpoint, webEndpoint,

web, network

Endpoint, web, network, mobile

devices

IMPLEMENT-

ATIONSoftware Software

Software,

hardwareSoftware, hardware, SaaS

GROWTH STRATEGYFINJAN PATENTS

14



Cybersecurity: An Escalating Global Challenge

C Y B E R S E C U R I T Y B R E A C H E S I N T H E N E W S

FBI: Cyber-attacks

Surpassing Terrorism as

Major Domestic Threat

JPMorgan Warns Card

Users on Data Loss After

Cyberattack

December 5, 2013November 25, 2013

Target cyber breach hits

40 million payment

cards at holiday peak

December 19, 2013

“Growth in the cloud security services space has overtaken that of traditional delivery models, growing at a rate of 30% by the end of 2013 and reaching $4.2

billion by 2016.”

“2013 worldwide IT security spending will be approximately $17.9 billion.”

“2013 Enterprise spend on Secure Web Gateway is estimated to be $2.5 billion with a expected

CAGR of 11.8% between 2011-2016.”

“Cyber attacks listed as a top national security threat in the 2013 Worldwide Threat Assessment of the U.S. Intelligence Community.”

“Secure Web Gateway revenues grew 15% in 2012 and are estimated to grow between 13%-15% in 2013.”

“2011 Ponemon Institute study estimated a 44% increase in successful cyber attacks from the prior year.”

Neiman Marcus latest

victim of cyber attacks,

January 11, 2014 March 16, 2014

NATO Says its websites

hit by cyber attacks

Cyber-Attacks to grow with

new technologies, Clapper

Says

January 11, 2014

15



Horizontally Integrated Licensing Universe

Sta

nd

alo

ne

Ve

rtic

al,

So

ftw

are

Se

cu

rity

Single Vertical(Legacy)

Comprehensive

software protection

for endpoint devices

including the

emergence of

smartphone

operating system

security

Includes consumer

and enterprise

malware protection

delivered over the

cloud as well as

web/gateway

infrastructure

protection

Traditional

networking

equipment now

includes integrated

malware protection.

Both purpose built

boxes and next gen

firewall

Endpoint &

Cloud

Web

GatewayNext Gen.

Firewall

Multiple Industry Verticals with BILLION dollar markets

Software Web Infrastructure Networking Equip.

$4.1 BN$11.2 BN $4.0 BN

* Market Estimates from Gartner, SEC documents, and Company Estimates for 2013

Finjan Patented Innovations at the Core

16



Finjan’s Licensing Universe

Relevant Security

Markets2013 2014 2015 2016 2017

Endpoint & Cloud $11.2 BN $11.8 BN $12.5 BN $13.2 BN $13.8 BN

Web Gateway $4.1 BN $4.4 BN $4.7 BN $5.0 BN $5.3 BN

Next Gen. Firewall $4.0 BN $4.0 BN $4.0 BN $3.7 BN $3.4 BN

Total Sales $19.3 BN $20.2 BN $21.2 BN $21.9 BN $22.5 BN

0.0

2.0

4.0

6.0

2013 2014 2015 2016 2017

0.0

5.0

2013 2014 2015 2016 2017

0.0

10.0

20.0

2013 2014 2015 2016 2017

Endpoint & Cloud Next Gen. FirewallWeb Gateway

Source: Gartner forecast and Company analysis.

$ in BN $ in BN$ in BN

17



On Track with Strategic Targets for 2014

Opening of a west coast office

Recruit executive leadership (licensing, enforcement, governance)

Complete up-list to a national exchange

Announcements of licensing activity (as completed)

Filing of additional cases

Mid-term case milestones (Markman Hearings)

Expansion of our Board of Directors

Issuance of new patents

Increase presence at investor and industry conferences

18


Contact Us

Shimon Steinmetz

Chief Financial Officer

Finjan Holdings, Inc.

Direct: 646.755.3320

Email: [email protected]

122 East 42nd Street

Suite 1512

New York, NY 10168

www.finjan.com

PRESENTATION BY:

Friederike Edelmann

Director Investor Relations

Finjan Holdings, Inc.

Direct: 646.350.4999

Email: [email protected]

122 East 42nd Street

Suite 1512

New York, NY 10168

www.finjan.com

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