Transaction Details

Footnotes

On September 6, 2025, the Murdoch Family Trust (the "MFT") transferred (i) approximately 50% of the shares of Class A common stock, par value $0.01 per share ("Class A Shares"), of the Issuer and approximately 50% of the shares of Class B common stock, par value $0.01 per share ("Class B Shares"), of the Issuer held by the MFT to three trusts established by Cruden Financial Services LLC, the sole trustee of the MFT ("Cruden"), one for the benefit of each of Prudence MacLeod, Elisabeth Murdoch and James Murdoch and their respective descendants and charitable organizations (collectively, the "Departing Member Trusts"), and (ii) the remaining Class A Shares and Class B Shares held by the MFT to three trusts established by Cruden, one for the benefit of each of Lachlan K. Murdoch, Grace Murdoch and Chloe Murdoch and their respective descendants and charitable organizations (collectively, the "LGC Family Trusts"). | The LGC Family Trusts subsequently contributed such Class A Shares and Class B Shares to LGC Holdco, LLC, a Delaware limited liability company ("LGC Holdco"), which is owned by the LGC Family Trusts and initially managed by Cruden. | As of the date hereof, Cruden is the initial sole trustee of the LGC Family Trusts and the Departing Member Trusts and the initial sole manager of LGC Holdco. As a result, at present, Cruden may be deemed to continue to have beneficial ownership for purposes of Rule 16a-1(a)(1) of the Class A Shares and Class B Shares held by the Departing Member Trusts and LGC Holdco, but disclaims any pecuniary interest in such shares.