Transaction Details

Footnotes

Shares issued in exchange for approximately 6,930 shares of Enterprise Bancorp, Inc. common stock in connection with the merger of Enterprise Bancorp, Inc. with and into Independent Bank Corp. | On the last trading day prior to the effective date of the merger, the closing price of Enterprise Bancorp, Inc. common stock was $39.64 per share, and the closing price of Independent Bank Corp.'s common stock was $62.885 per share. | Independent Bank Corp. awarded restricted stock to the Filer per the Independent Bank Corp. 2018 Non-Employee Director Stock Plan in a transaction exempt pursuant to Rule 16b-3(d). Shares immediately vested on the date of grant. | Shares issued in exchange for 720,802 shares of Enterprise Bancorp, Inc. common stock in connection with the merger of Enterprise Bancorp, Inc. with and into Independent Bank Corp. | Shares issued in exchange for 177,898 shares of Enterprise Bancorp, Inc. common stock in connection with the merger of Enterprise Bancorp, Inc. with and into Independent Bank Corp. | Shares issued in exchange for 6,848 shares of Enterprise Bancorp, Inc. common stock in connection with the merger of Enterprise Bancorp, Inc. with and into Independent Bank Corp. | Shares issued in exchange for 10,051 shares of Enterprise Bancorp, Inc. common stock in connection with the merger of Enterprise Bancorp, Inc. with and into Independent Bank Corp. | Shares issued in exchange for 151,491 shares of Enterprise Bancorp, Inc. common stock in connection with the merger of Enterprise Bancorp, Inc. with and into Independent Bank Corp. | Shares issued in exchange for 2,345 shares of Enterprise Bancorp, Inc. common stock in connection with the merger of Enterprise Bancorp, Inc. with and into Independent Bank Corp.