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

OTC MKT: FNJN

ROTH Conference Presentation

March 2014 www.finjan.com

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APPROVED FOR PUBLIC DISTRIBUTION, MARCH 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”).

• While we believe the information provided herein is reliable, as of the date hereof, neither Finjan nor any of its affiliates, subsidiaries, directors, officers, employees, agents and consultants (i) makes any representation or warranty as to the accuracy or completeness of the information contained in this document, (ii) undertakes any obligation to update any information contained herein, except to the extent required by applicable law, or (iii) takes any responsibility under any circumstances for any loss or damage suffered as a result of any omission, inadequacy, or inaccuracy in this document, except to the extent required by applicable law. The following presentation is intended as a summary only, contains selected information and does not purport to be all-inclusive or to contain all of the information that may be relevant to a decision to invest in our securities. You should not rely upon this document in evaluating the merits of investing in our securities. Any decision with respect to an investment in our securities should be made based solely upon appropriate examination of our business, including an examination of our filings with the Securities and Exchange Commission (“SEC”).

• The following presentation contains statements, estimates, forecasts and projections with respect to future performance and events, which constitute 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. Those statements include statements regarding the intent and belief or current expectations of Finjan and its affiliates and subsidiaries and their respective management teams. These statements may be identified by the use of words like “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “will”, “should”, “seek” and similar expressions and include any financial projections or estimates or pro forma financial information set forth herein. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, without limitation, those detailed in our filings with the SEC. Neither Finjan nor any of its affiliates undertakes any obligation to update and forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

• This document does not constitute and should not be interpreted as either a recommendation or advice, including investment, financial, legal, tax, regulatory or accounting advice. You should conduct your own independent investigation as to the economic, financial, regulatory, tax and accounting implications of an investment in Finjan’s securities, and you should consult your own attorney, business advisor, accounting and tax advisor for legal, business, accounting, regulatory or tax advice regarding an investment in Finjan.

• Finjan files annual, quarterly and current reports, proxy statements and other information with the SEC. Our filings with the SEC contain important information regarding Finjan, its business, financial condition, results of operations and prospects. You should assume that information contained in any of our filings with the SEC is only accurate as of the date specified in such filings. Our business, financial condition, results of operations and prospects may have changed materially since any such date. You are advised to carefully review the “Risk Factors” set forth in our Form S-1 filed with the SEC on January 21, 2014.

• Summaries of documents contained herein and in our filings with the SEC may not be complete and are qualified in their entirety by reference to the complete text of such document. In making an investment decision, you must rely on your own examination of these documents and such additional due diligence as you deem appropriate. We have not authorized any other person to provide you with information that is different from the information contained in our filings with the SEC. If anyone provides you with different or inconsistent information, you should not rely on it.

• 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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Finjan “At a Glance”

Finjan is a Pioneer in the Cybersecurity Industry with a Diverse Global Portfolio of 40+ Issued and Pending Patent Assets. Finjan has Successfully Licensed its Intellectual Property to Five Major

Companies Resulting in more than $145 Million Dollars.

Innovator in Software Security

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

•Early recognition that inventions needed patent protection

Over $65MM 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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Company Overview

Quick Facts:

Symbol: FNJN

Exchange: OTC

Price: $8.401

Market Capitalization: ~$200 million1

52- Week Range $4.90-$15.001

Cash: ~$27 million2

Auditor: Marcum LLP

Corporate Headquarters: New York, NY

2012 Total Revenue ~$98 million

Approximate SG&A

Expenses:~$3 million

Fully Diluted Share Count: ~22.5 million

Recent Headlines: • February 11th, 2014 –Julie Mar-Spinola named Vice President, Legal Operations

• February 4th, 2014 –Ivan Chaperot named Vice President, IP Licensing

• December 17th, 2013 – Patent Infringement case filed against Proofpoint, et. al

• November 21st, 2013 – Equity investment in JVP’s Cybersecurity focused VC fund

• October 23rd, 2013 – Finjan Holdings subsidiary (Finjan Inc.) issued new U.S patent

• September 24th, 2013 – Patent infringement case filed against Websense

• August 28th, 2013 – Patent infringement case filed against Blue Coat Systems

• July 16th, 2013 – Initial S1 filed with SEC

• July 8th, 2013 – Patent infringement case filed against FireEye

6.5% 6.5% 7.5%

19.2% 19.5% 23.9%

Star Bird Holdings

Corporate Ownership:

1: As of 3/1/2014 2: As of 9/30/13

3.6%

2.8%

D&A Income

Note: As of 1/1/14

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Investment Opportunity

Cybersecurity

Licensing History

Balance Sheet

Homegrown Technology

New Management Team

Board of Directors

Investor Base

Over $100 billion dollar addressable licensing market between 2013 and 2017

Successfully received more than $145 million in Licensing/Enforcement revenues

absent a dedicated management team and focused business model

$27 million in cash and no debt

Our patent portfolio is a direct result of our R&D efforts and invested dollars

Expertise 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 CEO’s and institutional

investors with a successful track record of investing in intellectual property

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Seasoned Management Team

Daniel Chinn CEO (Finjan, Inc.)

• 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

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

• D.E.A., 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.

• J.D. Harvard Law School

• B.A. 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

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THIRD-PARTY LICENSING AGENTS

AND AGGREGATORS

Name TickerMarket

Cap

RPXC

$850

Million

ACTG$750

Million

Private ?

Private ?

Private ?

Private ?

TECHNOLOGY BASED IP COMPANIES

Name TickerMarket

Cap

FNJN

$200

Million

IDCC$1.3

Billion

TSRA$1.2

Billion

RMBS$1

Billion

PRKR$465

Million

WILN$375

Million

Finjan identifies with a distinguished grouping of public and private companies with an IP monetization component

where the patents originated from their operating business

Peer Group Analysis

ACQUIRED IP COMPANIES

Name TickerMarket

Cap

VHC$1

Billion

PCO$400

Million

VRNG$340

Million

UPIP$160

Million

DSS$75

Million

SPEX $20

Million

Note: Market Cap as of 3/1/14

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Peer Group Average Stock Performance

2013 2014

0% 0%

Year ACQUIRED IP COMPANIES THIRD-PARTY LICENSING AGENTS AND

AGGREGATORS

TECHNOLOGY BASED IP COMPANIES

2013 -1% +22% +37%

2014 -8% 0% +6%

-1%

+22%

+37%

- 8%

0%

+6%

VHC PCO

VRNG

UPIP DSS

SPEXCRDS

MGT

VHC PCO

VRNG

UPIP DSS

SPEXCRDS

MGT

RPXC

ACTG

FNJN

IDCC

TSRARMBS

PRKR

WILN

ACTG

FNJN

IDCC

TSRA

RMBS

PRKR

WILNACTG

RPXC

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2007:

2010: “2010 Litigation” (5 Defendants)

2013:

2013:

2013:

2013:

Finjan generates revenues by granting intellectual property licenses and protecting its proprietary inventions

through active enforcement of patent rights, where necessary

Todays IP, Enabling Tomorrow’s Innovation

LICENSING LITIGATION SETTLEMENTS

2012: Confidential

2012: Confidential

2005:

2009:

2012:

80% 20% 80%

Finjan has received more than $145 million in revenue from past licenses, settlements, and

trial judgments

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Finjan’s product suite included software and appliances focused on protecting endpoint devices connected through web

or enterprise network infrastructure

Finjan 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

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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, networkEndpoint, web, network, mobile devices

IMPLEMENTATION Software Software Software, hardware Software, hardware, SaaS

GROWTH STRATEGYFINJAN PATENTS

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Horizontally Integrated Disruptive Licensing Program

Sta

nd

alo

ne

Ve

rtic

al,

So

ftw

are

Se

cu

rity

Endpoint &

Cloud

Web

GatewayNext Gen.

Firewall

Single Vertical(Legacy)

Multiple Industry Verticals with BILLION dollar markets

Software Web Infrastructure Networking Equip.

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

$4.1BN$11.2BN $4.0BN

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

Finjan Patented Innovations at the Core

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Finjan’s Licensing Universe

Relevant Security

Markets2013 2014 2015 2016 2017

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

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

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

Total: $19.3 Billion $20.2 Billion $21.2 Billion $21.9 Billion $22.5 Billion

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

Billions

$ in

Billions

$ in

Billions

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Looking Forward in 2014

Opening 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

Increased presence at investor and industry Conference

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Finjan’s Value

Emerging asset class at the crossroads of the

fastest growing technology sector (Cybersecurity)

Battle proven foundational IP

$100 billion licensing universe

Team that executes

The Finjan Investment Opportunity, At It’s Core:

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Contact Us

Phil Hartstein

President

Finjan Holdings, Inc.

www.finjan.com

PRESENTATION BY:

Joshua Weisbord

Director of Investor Relations

Finjan Holdings, Inc.

Direct: 646.568.3313

Email: joshua@finjan.com

122 East 42nd Street

Suite 1512

New York, NY 10168

www.finjan.com

FOR MORE INFORMATION: