Disclaimer: The track record information relates to portfolios managed by the principals of Granite Bridge Partners LLC (“Granite Bridge”), who were primarily responsible for account performance results, while they were employed by Wafra, Inc. (“Wafra”). Granite Bridge intends to pursue substantially the same or similar strategy that was pursued while the principals were employed by Wafra. As an internal group at Wafra, the track record is related to proprietary portfolios, which maintained an expense structure materially different than the expenses to be charged by Granite Bridge. Any portfolio investments contained herein were selected based on objective non-performance-based criteria and are not meant to be indicative or reflective of the portfolio of any fund or account managed by Granite Bridge. Rather, such case studies are meant to exemplify Granite Bridge’s analysis and execution of its investment strategy. Obviously, not all investments are successful and profitable. As such, the examples contained herein should not be viewed as representative of all investments made by Granite Bridge, but simply as examples of the types of successful investing Granite Bridge strives for. There is no guarantee that any fund managed by Granite Bridge will find similar opportunities or that any similar investments will be included in any such fund’s portfolio.