InMode Ltd. Special Committee Update on Acquisition Proposals

The Special Committee of InMode Ltd.'s Board of Directors has issued an update to shareholders regarding its review of acquisition proposals. The committee, composed of three independent directors, is evaluating two proposals: one from a group including CEO Yair Shamir and another from Steel Partners Holdings L.P. to acquire 100% of the company. The committee emphasizes its independence and commitment to acting in the best interests of all shareholders, conducting a thorough and unbiased review. They have retained independent legal counsel and are engaging additional advisors. The committee has full authority to negotiate and make recommendations, and can reject any proposals. Shareholders are cautioned against undue reliance on any statements regarding potential transactions, as no conclusion or agreement has been reached.