13D Filing: Elliott Associates, L.P. and Commvault Systems Inc (CVLT)

(a)
As of the date hereof, Elliott, Elliott International and EICA collectively have beneficial ownership of 3,336,584 shares
of Common Stock constituting approximately 7.4% of the shares of Common Stock outstanding and combined economic exposure in the
Issuer equivalent to 4,618,310 shares of Common Stock constituting approximately 10.3% of the shares of Common Stock outstanding.

The
aggregate percentage of the Common Stock reported owned by each person named herein is based upon 44,942,269 shares of Common Stock
outstanding, which is the total number of shares of Common Stock outstanding as of January 22, 2018 as reported in the Issuer’s
Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2017, filed with the Securities and Exchange Commission
(the “SEC“) on January 25, 2018.

As
of the date hereof, Elliott beneficially owned 1,067,706 shares of Common Stock, including 395,707 shares of Common Stock underlying
Physical Derivative Agreements that Elliott may be deemed to beneficially own upon satisfaction of certain conditions, constituting
2.4% of the shares of Common Stock outstanding.

(b)
Elliott has the power to vote or direct the vote of, and to dispose or direct the disposition of the shares of Common Stock
owned directly by it.