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Investor Presentaiton

INTRODUCTION Review of Study Process and Timeline The Brattle team began work in March 2022 We conducted one-on-one interviews with the Advisory Board members, to understand important concerns for the member organizations - Advisory Board members drafted written comments and spoke to the Study Committee in July In meetings with the Advisory Board, our team: - - Reviewed the modeling tools to be used in the study, Discussed potential reform options to analyze, Reviewed the data to be used in the analysis. Shared preliminary results • In July 2022, our team presented a final list of potential market reform options to be analyzed to the Study Committee brattle.com 1

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