Benzinga | Apr 1, 2021 04:34PM EDT

WR Grace Issues Response To 40 North Mgmt.

April 1, 2021

David Winter and David Millstone

40 North Management LLC

9 West 57th Street, 47th Fl.

New York, NY 10019

David and David --

Our Board will review the letter you sent us this morning in a timely manner.

In that regard, in order for us to complete this review, please forward to us promptly the additional customary information we requested in our bid instruction letter of March 25, 2021. This includes, in particular, the details of your debt and equity financing commitments, as well as comments on the transaction documents that we sent to you previously. As we indicated in the bid instruction letter, if you have questions about any of the items we have mentioned, our legal and financial advisors remain available to discuss.

We look forward to hearing from you.

Sincerely,

/s/ Hudson La Force

Hudson La Force

President and Chief Executive Officer