Herbalife Nutrition Ltd. announced that on January 3, 2021, in accordance with the terms of the Support Agreement and in connection with the transactions contemplated by the Purchase Agreement, each of Messrs. Jonathan Christodoro, Hunter C. Gary, Nicholas Graziano, Jesse A. Lynn and James L. Nelson, the five director designees previously nominated by the Icahn Parties pursuant to the Support Agreement, resigned from the Company’s board of directors and from each committee of the board on which he serves, effective immediately. The resignations did not result from any disagreement with the Company.