Coppersmith Presentation to Alere Inc Stockholders

PAGE 31 | COPPERSMITH We believe Alere's management and Board must make an honest assessment of the failure of this strategy and take the following steps: Coppersmith's Plan: Acknowledge Reality & Sell HM to Improve Alere ▪ Establish services partnership for inRatio product business and any future potential home monitoring > inRatio is Alere's only meaningfully commercialized combination of diagnostics and HM > Simple, practical and objectively preferable (due to scale, profitability and risk) to partner for services The home health industry already provides these services ▪ Retain an investment banker to sell the Health Management division, and in so doing realize $1.4B+ in tax assets > We understand there are parties interested in the Health Management division, as a whole > We estimate proceeds of $270-$400mm based on 0.5x to 0.75x revenue > If management is right about HM's value, a competitive auction should reflect it We expect this would: 1. Boost operating margins by 380bps and revenue growth by 90bps in 20137 2. Eliminate HM's overhang on valuation and domination of management's time & dialogue with investors 3. Reduce risk of further operational weakness, wasted investment and capital destruction We believe Alere's record in HM provides no reason to have confidence in projections of "stabilization" or future success 4. Realize a $1.4B+ tax asset to shield tax gains from divestitures - which both Coppersmith and management target

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