Team News Portfolio Giving Photos TEAM Howard Altman, Chief Investment Officer Chief Investment Officer Howard Altman is the Chief Investment Officer of Metropoulos & Co. Previously, Howard was a Partner and the Senior Investment Officer of Permanens Capital LP, a multi-billion dollar multi-family office and investment advisory firm. Prior to Permanens Capital, he was a Portfolio Manager and Analyst at several equity long/short hedge funds, including Steeple Capital and Exis Capital. He began his career as an investment banking analyst at PaineWebber Incorporated. Howard graduated from Emory University. Principals C. Dean Metropoulos Evan Metropoulos Daren Metropoulos Tel: 310.695.1941 Fax: 310.695.1979 info@metropoulos.com

Team News Portfolio Giving Photos PINNACLE FOODS INC. Metropoulos & Co., along with CCMP and J.W. Childs, formed Pinnacle Foods Inc. in 2001, acquiring certain assets and liabilities of Vlasic Foods International for $370 million. A key part of the turnaround strategy involved actively managing and investing in a portfolio of strong brands and streamlining manufacturing and logistics. Having made significant progress within only two years, Pinnacle acquired the distressed Aurora Foods in 2003 for approximately $935 million and, later, Armour, maker of canned meats, for $183 million. By opportunistically purchasing brands at compelling valuations, Pinnacle absorbed significant synergies and a streamlined management structure. The powerful combined brand portfolio included Duncan Hines, Vlasic pickles, Swanson frozen dinners, Mrs. Butterworth’s syrups, Aunt Jemima breakfast foods and Van de Kamp’s seafood, among others. As part of strategic brand management, the leadership team sought to capitalize on demand from dual-income families for convenience by taking advantage of growing trends in away-from-home eating. They aggressively grew food service distribution at a time when that market was surging, improved trade efficiency and proactively managed key categories. And, in what has become a Metropoulos trademark, they initiated clever marketing programs and campaigns, including an award-winning ad featuring the NFL’s Jeremy Shockey, Warren Sapp and Clinton Portis Under the Metropoulos’ leadership, Pinnacle became a leading manufacturer of high quality, branded convenience food products, focused on frozen and dry food segments. The company was acquired by Blackstone Group in 2007 for $2.2 billion. Featured Case Studies Setting the stage for “the sweetest comeback in the history of ever,” Metropoulos & Co. and Apollo Global Management in April of 2013 acquired select snack cake assets from the Old Hostess company FULL CASE STUDY Under the Metropoulos’ leadership, Pinnacle became a leading manufacturer of high quality, branded convenience food products, focused on frozen and dry food segments. FULL CASE STUDY Under the leadership of co-CEOs Evan Metropoulos and Daren Metropoulos, the company’s flagship brand, Pabst Blue Ribbon, experienced a remarkable resurgence, as did its portfolio of several regional brands FULL CASE STUDY View our investment portfolio. Tel: 310.695.1941 Fax: 310.695.1979 info@metropoulos.com