EFTA Document EFTA01378212

SRLPI 02 Alpha Group Capital TNS: Re4,1111-c; Prot-CIose Key Achievements Post-Close Sims eb. 2013 Dec.2 f 3 Feb. 2014 Dec.2 f 4 S ..2075 Dec. 2015 Ian. 201 Close Acquisition Cost Savings/EBITDA Growth • Reduced opex and capex by $64 mm • Grew EBITDA from $135 mm to run-rate $165 mm Dividend Recap • Returned $215 mm, —80% of cost, to investors Call Option Sold • Gateway division sold to MasterCard for $159 mm or 26x EBITDA • $74 mm distribution, —30% of cost, to investors Bond Subsidiary Sold • Caller authentication /directory business sold to Neustar for $220 mm or 9x EBITDA Cost Savings/EBITDA Growth • $83 mm of aggregate run-rate cost savings achieved • 2015 PF EBITDA of $109 mm, excluding divestitures Dividend Recap • Returned $230 mm, —84% of cost, to investors Sep. 2017 Debt Refinancing • Replaced 2nd lien debt with larger lu lien tranche Gross Realized & Unrealized Returns R O S S I C (Si,:::') 3.0x 2.0x 1.0x 0.0x Total Gross MOIC Fund + Co-Invest: 2.7x Fund only:2.6x $519 S177 $342 Feb-2013 Acquisition $145 $217 $736 S249 $487 Realized Unrealized Total ($177) Value Value Value ($96) (5273) Co-Investor Share • Fund Share Yoe Entine mclude unmake"' valuation.. The antial realmal mum of 44+ unrealsind inveumere1/2 may differ mmenally from the returns indicated hereon Mee see "Aprenim -Foommes" foe additional commteraticos and definttione Past performance is not nmemally Inalkallve of flame Malts. 49 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0075373 SONY GM_00221557 EFTA01378212