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Shareholders must rely on their own judgement to protect their investment and vote against the rights issue. URW's current issues are largely self-inflicted and mostly related to its leverage, inherited from the Westfield deal, for which current management is responsible.

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The dissidents have also made a compelling case that there are sufficient reasons to question the company's strategy and the board's role diing overseeing management, which has resulted in ificant TSR underperformance since the Westfield deal was announced.

This document, the information and analyses contained herein are not intended as tax, legal, financial or investment advice. All trademarks and trade names used herein are the exclusive property of their respective owners. The Consortium reserves the right to take any actions with respect to dking investments in URW as it may deem appropriate. The Consortium reserves the right to change or modify any of its opinions expressed herein at any time and for any reason and expressly disclaims any obligation to correct, update or revise the information contained herein or to otherwise provide any additional materials.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.

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Persons who have access to this document are required to inform themselves about and to observe any such restrictions. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. However, opponents believe it may give brand new authorization to the U.

Access to this document may be restricted by law in certain jurisdictions. This document has been prepared without regard to the specific investment objectives, qualification, gime situation and needs of any particular recipient. These forward-looking statements, estimates and projections are inherently uncertain firs subject to ificant economic, competitive, and other uncertainties and contingencies and have been included solely for illustrative purposes. This document is not intended to form the basis of any investment decision or as suggesting an investment strategy.

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The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. While leverage is relatively high, the company's ample liquidity and relatively low cost of debt which management agrees is not an issueas well as its high-quality asset portfolio and broad geographical diversification mitigate to a certain extent the fjrst concerns.

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No information contained herein should be construed as a recommendation by the Consortium. The views expressed herein represent the opinion of the Consortium as of the date hereof.

No representation, warranty or undertaking, express or implied, is given and no responsibility or liability or duty of care is or will be accepted by the Consortium or its affiliates or any of its directors, officers, employees, agents, or advisers concerning: i this document and its contents, including whether the information and opinions contained herein are accurate, fair, complete or current; or ii the provision of any further information, whether by way of update to the information and opinions contained in this document or otherwise to the recipient after the date of this document.

We note that the rights issue can be executed immediately after the EGM approval is obtained.

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Majority Leader Mitch McConnell has declined to schedule the bill for consideration, and is instead pushing for a clean reauthorization of expiring Patriot Act provisions that includes no NNsa reforms. No agreement, commitment, understanding or other legal relationship exists or may be deemed to exist between or among the Consortium and any other person by virtue of furnishing this document.

This is to help companies strategize and leverage on all forthcoming growth opportunities. Shareholders are rightly questioning the proposed cure at a time when the stock is trading at its lowest level for diing last 20 years. Accordingly, this document should not be viewed as impartial.

This suggests that shareholders could benefit from additional oversight on the board, which is ultimately responsible for major strategic decisions. The Consortium is not acting for or on behalf of any recipient of this document. The Consortium is not responsible to any person for providing advice in relation to the subject matter of this document.


This doig is for discussion and information purposes only. Also, the supply chain analytics market analysis report includes information on upcoming trends and challenges that will influence market growth.

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The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. This document has been issued by Flagship Retail Investment S.

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Actual may differ materially from the estimates, projections or assumptions contained herein due to reasons that may or may not be foreseeable. The market is driven by the increased need to improve business processes and rise in the demand for omni-channel retailing. Before determining on any course of action, any recipient should consider any associated risks and consequences and consult with its own independent advisors as it deems necessary.

The publisher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

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The ECB is expected to keep its policy unchanged and to resist pressure to introduce fresh stimulus, but it is likely to pave the way for action in December. The supply chain analytics market analysis includes end-user segment and geographical landscapes.

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The recipient should not rely on the information contained herein in connection with any investment decision. The Firt has relied upon and assumed, without independent verification, the accuracy and completeness of all data and information available from public sources and no representation or warranty is made that any such data or information is accurate. This study identifies the increasing needs to improve supply chain visibility as one of the prime reasons driving the supply chain analytics market growth during the next few years.

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Shareholders must rely on their own judgement to protect their investment and vote against the rights issue. Unless described as facts or as the opinions of third parties, the information in this document constitutes the interpretations, opinions, or estimates of the Consortium. The Consortium has not sought or obtained consent from any third party to use any statements or information contained tome. Moreover, the dissidents have made a compelling case that there are sufficient reasons to question the company's strategy and the board's role in overseeing management, which has resulted in ificant TSR underperformance since the Westfield deal was announced.

Any such statements or information should not be viewed as indicating the support of such third party for the views expressed herein. If, after reassessing available alternatives, the reconstituted board were to conclude that a capital raising is necessary, the company could proceed with the rights issue.

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The report on supply chain analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The measure now goes to the Senate where its future is uncertain.