The board of directors of Trian Investors 1 Limited confirmed they have received a request dated 20 June 2022, seeking to requisition an Extraordinary General Meeting of the Company, to consider reconstituting the Board by removing three of the four current directors, being Chris Sherwell, Simon Holden and Anita Rival and nominating two new directors, Robert Legget and Miles Staude to replace the outgoing three directors (the "Requisition"). The Requisition was signed by The Bank of New York (Nominees) Limited UKREITs, Harewood Nominees Limited, Securities Services Nominees Limited, Pelham Capital Limited and Global Value Fund Limited, being holders of registered legal title to, in aggregate, more than 10% of such of the capital of the Company as carries the right of voting (excluding any capital held as treasury shares).