A LETTER TO THE STOCKHOLDERS OF GCP APPLIED TECHNOLOGIES INC. Starboard Value LP (together with its affiliates, "Starboard") currently has a beneficial ownership interest of approximately 8.1% of the outstanding shares of GCP Applied Technologies Inc. ("GCP" or the "Company"), making us one of the Company's largest stockholders. These situations include Darden Restaurants ("Darden") and Marvell Technology Group ("Marvell"), among others. With no We appreciate your continued investment in the Company. the information GCP uses to evaluate the performance of its businesses. In response to our most recent outreach just a few weeks ago, 40 North demanded six board seats (four 40 North nominees and two Starboard nominees) and gave our CEO an ultimatum of 24 hours to While the GCP Board and our slate for election at the Annual Meeting have been significantly refreshed, we have tried many times over the last year to find reasonable compromises with both We continue to ask that you reflect on the significant results our Board has delivered, the proactive steps we have taken to position the Company for sustained success historically have been a material component of net income (loss) from continuing operations attributable to GCP shareholders. As of the date hereof, Starboard C LP directly owns 332,424 shares of Common Stock. About Starboard Value LPStarboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies. GCP. http://www.starboardvalue.com/wp-content/uploads/Starboard_Value_LP_Publishes_Supplemental_Materials_GCP_05.11.2020.pdf. or similar expressions. STARBOARD STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. As of the date hereof, Mr. Yanker directly beneficially owns 1,000 shares of Common Stock. Tom Germinario +1 212.493.6922 The GCP Board slate is truly independent and committed to the interests of ALL shareholders and firmly believes that Starboard’s proxy fight to gain control of a supermajority of its businesses. Nur "Wirecard-Phantomschmerzen" oder wird Grenke doch zur nächsten Superpleite? To that end, last Friday we filed preliminary proxy materials with the Securities and Exchange Commission regarding the election of directors to the Board at GCP's 2020 Annual Meeting of Stockholders (the "2020 Annual Meeting"). Starboard Value LP, together with the other participants named herein (collectively, "Starboard"), has filed a preliminary proxy statement and accompanying WHITE proxy card with the Securities and Exchange Commission ("SEC") to be used to solicit votes for the election of its slate of highly-qualified director nominees at the 2020 Annual Meeting of Stockholders of GCP Applied Technologies Inc., a Delaware corporation (the "Company"). GCP’s Refreshed Board has Acted Responsibly to Avoid a Proxy Contest and to Reach a Reasonable Settlement with Both Starboard and 40 North. As of the date hereof, Mr. Brown directly beneficially owns 2,815 shares of Common Stock. Starboard has a long history of driving significant improvements at public companies and we look forward to having the opportunity to make GCP an industry leader through the implementation of our comprehensive turnaround plan, with a culture focused on transparency, accountability, and delivering results. King & Co., Inc. Evercore is serving as GCP’s financial advisor and Wachtell, Lipton, Rosen & Katz is serving as GCP’s legal advisor. As always, we will continue to execute on our strategy in this unprecedented and rapidly evolving operating environment to drive value for you, while also ensuring the safety, health and wellbeing Cision Distribution 888-776-0942 CAMBRIDGE, Mass., May 04, 2020 (GLOBE NEWSWIRE) -- GCP Applied Technologies Inc. (NYSE:GCP) (“GCP” or the “Company”), a leading global provider of construction products technologies, today Mails Letter to Shareholders Underscoring GCP’s Numerous Attempts and Actions to Seek an Appropriate Outcome on Behalf of ALL Shareholders in Connection with Starboard Proxy Contest, GCP Urges Shareholders to Vote “FOR” ALL Its Director Nominees on the BLUE Proxy Card. More detailed and updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings Adjusted EBIT, Adjusted EBIT Margin, and Adjusted EPS do not purport to represent income measures as defined in accordance with U.S. GAAP. expenses or gains without unreasonable effort. GCP has filed a definitive proxy statement and BLUE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its solicitation of proxies for its 2020 Annual All Rights Reserved. We strongly urge shareholders to vote the BLUE proxy card or voting instruction form and support ALL of GCP’s highly qualified, independent slate of director nominees. First Majestic Announces Filing of Early Warning Report for Acquisition of Shares of Silver Dollar ... 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