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Corporate Activism

December 2015Bob Evans Press Release

December 2015Ethan Allen Press Release

November 2015Ethan Allen Press Release

November 2015Ethan Allen Press Release

November 2015Ethan Allen Press Release

November 2015Ethan Allen Press Release

October 2015Ethan Allen Press Release

October 2015Ethan Allen Press Release

September 2015Ethan Allen Press Release

September 2015Ethan Allen Press Release

September 2015Ethan Allen Press Release

September 2015Viavi Press Release

August 2015Ethan Allen Press Release

August 2015Ethan Allen Press Release

July 2015PartnerRe Press Release

May 2015PartnerRe Press Release

April 2015JDSU Press Release

March 2015Brookdale Press Release

February 2015JDSU Press Release

February 2015Brookdale Press Release

February 2015Brookdale White Paper

January 2015SemGroup Press Release

December 2014JDSU Press Release

November 2014JDSU Press Release

November 2014TransCanada White Paper

November 2014TransCanada Press Release

October 2014JDSU Press Release

June 2014First Group Press Release

January 2014First Group Press Release

January 2014First Group White Paper

September 2013Bob Evans Press Release

September 2013Bob Evans White Paper

June 2013Spectra Energy Press Release

June 2013Spectra Energy White Paper

December 2012Compuware Press Release

December 2012Compuware White Paper

October 2012TPC Group White Paper

December 2011Tronox Press Release

December 2011Tronox White Paper

October 2011Rubicon Press Release

October 2011Rubicon White Paper

These press releases and white papers are for general informational purposes only. They do not have regard to the specific investment objective, financial situation, suitability or particular need of any specific person who may receive them, and should not be taken as advice on the merits of any investment decision. The views expressed herein represent the opinions of Sandell Asset Management Corp. (“SAMC”), and are based on publicly available information and SAMC analyses. Certain financial information and data used herein have been derived or obtained from filings made with the sec by the company or other companies considered comparable, and from other third party reports.

SAMC has not sought or obtained consent from any third party to use any statements or information indicated herein as having been obtained or derived from a third party. Any such statements or information should not be viewed as indicating the support of such third party for the views expressed herein. No representation or warranty is made that data or information, whether derived or obtained from filings made with the sec or from any third party, are accurate.

SAMC shall not be responsible or have any liability for any misinformation contained in any sec filing or third party report. There is no assurance or guarantee with respect to the prices at which any securities of the company will trade, and such securities may not trade at prices that may be implied herein. The estimates, projections, pro forma information and potential impact of SAMC's action plan set forth herein are based on assumptions that SAMC believes to be reasonable, but there can be no assurance or guarantee that actual results or performance of the company will not differ, and such differences may be material. This presentation does not recommend the purchase or sale of any security. SAMC reserves the right to change any of its opinions expressed herein at any time as it deems appropriate. SAMC disclaims any obligation to update the information contained herein.

Under no circumstances is this presentation to be used or considered as an offer to sell or a solicitation of an offer to buy any security. Private investment funds advised by SAMC may hold shares of common stock of the issuers noted. SAMC manages investment funds that are in the business of trading - buying and selling - public securities. It is possible that there will be developments in the future that cause SAMC and/or one or more of the investment funds it manages, from time to time (in open market or privately negotiated transactions or otherwise), to sell all or a portion of their shares (including via short sales), buy additional shares or trade in options, puts, calls or other derivative instruments relating to such shares. SAMC and such investment funds also reserve the right to take any actions with respect to their investments in the company as they may deem appropriate, including, but not limited to, communicating with management of the company, the board of directors of the company and other investors and third parties, and conducting a proxy solicitation with respect to the election of persons to the board of directors of the company.