Landmark Infrastructure Partners LP announced that in connection with the consummation of the Sponsor Acquisition, Matthew P. Carbone, Edmond G. Leung and James F. Brown stepped down from their respective roles as members of the Board. Mr. Carbone and Mr. Leung are affiliated with American Infrastructure Funds, LLC and its investment funds, the indirect majority owner of Holdings, and Mr. Brown is affiliated with AVG Holdings, LP, an indirect investor in Holdings. The decision of each of Mr. Carbone, Mr. Leung and Mr. Brown to step down as a member of the Board was not the result of any disagreement with the General Partner or the Partnership on any matter relating to the operations, policies or practices of the General Partner or the Partnership. In connection with the vacancies created by the resignations described above, on June 2, 2021, the sole member of the General Partner of the Partnership, which is controlled by Digital Colony, appointed Steven Sonnenstein and Sadiq Malik as members of the Board. Additionally, Steven Sonnenstein was appointed as Chairman of the Board. Officers or employees of Digital Colony who also serve as directors of the General Partner do not receive additional compensation for their service as a director of the General Partner. Accordingly, none of Steven Sonnenstein and Sadiq Malik will receive additional compensation for their respective service as a director of the General Partner. Neither of Steven Sonnenstein nor Sadiq Malik has had any direct or indirect material interest in any transaction or series of similar transactions contemplated by Item 404(a) of Regulation S-K other than through his employment with Digital Colony. In addition, there are no arrangements or understandings between such newly-appointed directors and any other person pursuant to which they were appointed. Subsequent to the transactions described above, the General Partner currently has 6 directors, including Arthur P. Brazy, Jr., the Chief Executive Officer of the General Partner. Keith Benson, Thomas Carey White III and Gerald A. Tywoniuk are independent as defined under the independence standards established by the Nasdaq Global Market and the Securities Exchange Act of 1934.