Company: NGVT
Filing Date: 2025-03-24
Form Type: PRRN14A
Source: 0001539497-25-001025
Chunk: 32

Company: Ingevity Corp
Filing Date: 2025-03-24
Form: PRRN14A
Chunk 32
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 there are no arrangements or understandings
among the Vision One Participants or any other person or persons pursuant to which the nomination of the Vision One Nominees described
herein is to be made.

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Other than as set forth in this Proxy Statement, including
in (which is incorporated herein by reference), no Vision One Participant, or any associate of any Vision One Participant,
has any substantial interest, direct or indirect, by security holdings or otherwise, in any matter to be acted upon at the Annual Meeting.

The Vision One Participants have no knowledge of any
facts that would prevent the determination by the Board that each of the Vision One Nominees, if elected as a director of the Company,
would qualify as “independent” under the independence standards applicable to the Company under Item 407 of Regulation S-K,
the New York Stock Exchange (“”) listing standards, and the Company’s Corporate Governance Guidelines, as
revised and approved on October 22, 2024.

Notwithstanding the foregoing, we acknowledge that
no director of an NYSE-listed company qualifies as “independent” under the NYSE listing standards unless the board of directors
affirmatively determines that such director is independent under such standards. Accordingly, we acknowledge that if any Vision One Nominee
is elected, the determination of such Vision One Nominee’s independence under the NYSE listing standards ultimately rests with the
judgment and discretion of the Company’s Board. No Vision One Nominee is, or would be, a member of the Company’s compensation,
nominating or audit committee that is, or would not be, not independent under any such committee’s applicable independence standards.

Except as set forth in this Proxy Statement (including
the annexes and schedules hereto), (i) no Vision One Nominee has a family relationship with any director, executive officer, or person
nominated or chosen by the Company to become a director or executive officer, and (ii) with respect to each of the Vision One Nominees,
none of the events enumerated in Item 401(f)(1)-(8) of Regulation S-K of the Securities Exchange Act of 1934, as amended (the “”), occurred during the past 10 years.

Other Disclosures

The Vision One Participants represent that (i) they
intend to, or are part of a group which intends to, deliver a proxy statement and form of proxy to holders of at least the percentage
of the Company’s outstanding capital stock required to elect the Vision