HIGHLY
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SHAREOWNER

Trian Investors 1 Limited (“the Company”) is a Guernsey domiciled limited company whose investment objective to generate significant capital appreciation through the investment activity of Trian Investors Management, LLC (the “Investment Manager”) and its parent, Trian Fund Management, L.P. (collectively, “Trian”).

Trian’s investment strategy is to act as a highly engaged shareowner at the companies in which it invests, combining concentrated public equity ownership with operational expertise. This operations-centric investment strategy has been deployed over a variety of market cycles for nearly four decades by Nelson Peltz and Peter W. May, and over the past 15 years with Ed Garden, who are the Founding Partners of Trian.