Slide 1: Project Boots Opportunity Overview
©2024 Boots Capital Management, LLC ©2024 Boots Capital Management, LLC Project Boots OPPORTUNITY OVERVIEW
Slide 2: Disclaimer
©2024 Boots Capital Management, LLC PROJECT BOOTS 2 Disclaimer This communication is being furnished to you by Boots Capital Management, LLC (together with its affiliates, “ Boots ”) on a confidential basis and may not be reproduced or used for any other purpose. Your acceptance of this communicatio
Slide 3: Important Information
©2024 Boots Capital Management, LLC PROJECT BOOTS 3 Important Information CERTAIN INFORMATION CONCERNING THE PARTICIPANTS The participants in the proxy solicitation are Boots Parallel 1, LP, Boots, LP, Boots Capital Management, LLC ("Boots Capital "), Boots GP, LLC, 4M Management Partners, LLC, 4M I
Slide 4: Boots Supplementary Slides – Crown Castle's Misleading Claims
©2024 Boots Capital Management, LLC ©2024 ©2024 Boots Capital Management, LLC 4 Boots Supplementary Slides – Crown Castle’s Misleading Claims PROJECT BOOTS
Slide 5: A Plan to 'Control' Is Meant to Scaremonger
©2024 Boots Capital Management, LLC PROJECT BOOTS 5 A Plan to ‘Control’ Is Meant to Scaremonger - Boots Seeks Collaboration and Has Offered Compromise Misleading Claims 1. Crown Castle Presentation May 2024: Page 20 The Company would have shareholders believe that “Ted Miller is Attempting to Gain C
Slide 6: The Board Blatantly Cherry Picks an Entirely New TSR Benchmark
©2024 Boots Capital Management, LLC PROJECT BOOTS 6 The Board Blatantly Cherry Picks an Entirely New TSR Benchmark Misleading Claims 1. Crown Castle Presentation May 2024: Page 6 Page 6 of the Company’s shareholder presentation compares share price performance against iShares U.S. Telecommunications
Slide 7: Crown Castle's "Board Refresh" is a Failure
©2024 Boots Capital Management, LLC PROJECT BOOTS 7 Crown Castle’s “Board Refresh” is a Failure Misleading Claims 1. Crown Castle Presentation May 2024: Page 15 Page 15 of the presentation highlights that “The Board Has Placed an Emphasis on Continual Refreshment, Focusing on Skills to Drive Value”
Slide 8: Oversaw a Sham "Engagement" With Boots
©2024 Boots Capital Management, LLC PROJECT BOOTS 8 The CCI Board Oversaw a Sham “Engagement” With Boots Misleading Claims • The highlight of the Board’s engagement was its only in - person meeting in a Peet’s coffee shop for Mr. Bartolo to hear Mr. Miller’s compromise settlement proposal ( the meet
Slide 9: Chose to Remove the New CEO – Not Boots!
©2024 Boots Capital Management, LLC PROJECT BOOTS 9 The CCI Board Chose to Remove the New CEO – Not Boots ! Misleading Claims • As stated in Crown Castle and Boots’ joint letter to the Delaware court: “The Board has decided that Mr. Steven Moskowitz’s nomination will be withdrawn from the Company’s