On May 5, 2021, Bluegreen Vacations Holding Corporation (‘BVH’) completed its previously announced acquisition of all of the approximately 7% of the outstanding shares of common stock of Bluegreen Vacations Corporation (‘Bluegreen’) not previously beneficially owned by BVH. In connection with the Merger, the six directors of Bluegreen who were not also directors of BVH, who are Seth M. Wise, Norman H. Becker, Arnold Sevell, James R. Allmand, III, Mark A. Nerenhausen and Orlando Sharpe, were appointed to BVH’s Board of Directors, effective upon consummation of the Merger on May 5, 2021. The size of BVH’s Board of Directors was increased from seven directors to thirteen directors in connection with the director appointments. No decision has been made as to changes, if any, in the composition of the committees of BVH’s Board of Directors as a result of the director appointments.