On January 22, 2019, Toby Z. Rice and Derek A. Rice, shareholders of EQT Corporation issued the following statement in response to EQT’s 2019 plan: EQT’s presentation on January 22, 2019 does not address the fundamental concerns being raised across EQT’s shareholder base – that management lacks the relevant operational experience, track record and vision to realize the value of EQT’s underlying assets. Just over a year ago, EQT justified the Rice Energy merger based on delivering $1.9 billion of well cost synergies. EQT announced a plan that implies those synergies cannot be realized by the existing EQT management team. Toby Z. Rice and Derek A. Rice, stated that the Rice Team remains confident it can deliver those synergies, and our expectations for free cash flow generation are unchanged. Toby Z. Rice and Derek A. Rice stated that they stand ready to deliver the free cash flow and cost performance shareholders rightly expect given the tremendous potential of EQT’s high-quality acreage position. In addition, Toby Z. Rice and Derek A. Rice stated that they remain willing to engage with EQT’s Board.