On December 28, 2021, the Board of Directors of Fortress Value Acquisition Corp. III elected Christopher W. Haga to serve as a director of the Company. The Board also appointed Mr. Haga to serve as a member of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee, having previously determined that Mr. Haga satisfied all applicable requirements to serve on such committees. Upon Mr. Haga’s appointment to the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee, Andrew A. McKnight, a member of those respective committees not meeting such independence requirements was removed. Mr. Haga is a private investor with current interests in theater exhibition and renewable energy. He is a former partner of Carlson Capital, L.P., where he served as Head of Strategic Investments and was a member of its firmwide Investment Committee. Mr. Haga has over 30 years of experience in finance and investments across traded credit and private debt and equity.