anager's selected positions disclosed October, 2013 YRC Worldwide Inc. (YRCW US) Return since Oct. 2013: 55%+ Investment Targets: Company "A" hl 5yr Share Performance is Cc MI 5.1 • New inanagement team • Restructuring of labor canon., • Return to profitability A fortune 500 company which op

r US$1.0 billion in annual sales • 8x return on investment Source: and company reports 24 EFTA00505830 Investment Targets: Company "A" Y\L 5yr Share Performance 2009 Apr Jul Oct 2010 Apr Jul Oct 2011 Apr Jul Oct 2012 Apr Jul Oct 2013 Apr Jul 30K 20k • A Fortune 500 company w