INEOS Ltd → Manchester United plc MANU

The information set forth in each of (i) Item 4 of the Original Schedule 13D included herein as Exhibit B and (ii) Item 4 of Amendment No. 1 included herein as Exhibit C is incorporated by reference herein. The Reorganization inserted a new holding company, INEOS, above ISL. As a result of the Reorganization, the INEOS Shareholders hold their indirect interests in the Class A ordinary shares through INEOS and its wholly owned subsidiary, ISL, rather than through ISL directly. INEOS and ISL hold the Class A ordinary shares (indirectly, in the case of INEOS) for the same purposes, and with the same plans or proposals, that were set forth for James A. Ratcliffe and Trawlers in Item 4 of the Original Schedule 13D.