Evercore Investment Banking Pitch Book

Appendix Summary of Minority-Led Buyouts The following summarizes all change-of-control transactions since January 1, 2000 involving publicly traded U.S. targets that were valued at greater than $100mm and where the acquirer had a minority stake (more than 0%, but less than 50%) prior to the acquisition All Deals Count Mean Median Target TEV >$100mm 1 Day Prior Source: SDC, Company Slings, Capitall EVERCORE PARTNERS Premium Paid 1-wk Prior 37% 30% Minority Holder Purchased Entire Remaining Stake Count Mean Median 40% 32% 57 27% 18% 37% 30% 47 40% 35% 4-wks Prior Minority Holder and other Third Parties Purchased Remaining Stake Count 10 Mean Median 25% 18% 38% 30% 40% 39% 29% 27% Target TEV >$200mm 1 Day Prior Premium Paid 1-wk Prior 39% 32% 43% 38% 25% 18% 13 44 38% 32% 35 9 42% 36% 24% 17% 4-wks Prior 40% 41% 42% 45% 29% 27% Target TEV>$500mm Premium Paid 1 Day 1-wk Prior Prior 35% 29% 37% 32% 27% 18% 31 36% 26% 25 6 Confidential 38% 36% 28% 18% 4-wks Prior 36% 30% 37% 39% 31% 27%

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