Lazard has in the past provided certain investment banking services to Ferro and an affiliate of Prince, for
which it has received compensation, including, during the past two years, having advised Ferro in connection with the sale of its Tile Coatings business for which it was paid $5 million, having advised an affiliate of Prince with respect to a
private offering for which it was paid approximately $200,000 and currently advising an affiliate of Prince in connection with a restructuring assignment for which it has earned fees of approximately $715,000. Lazard is also currently in discussions
with an affiliate of Prince on a variety of topics.
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for
these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking statements. These forward-looking statements include statements relating to the expected timing, completion and
effects of the proposed merger, as well as other statements representing managements beliefs about, future events, transactions, strategies, operations and financial results, including, without limitation, our expectations with respect to the
costs and other anticipated financial impacts of the merger; future financial and operating results of Ferro; Ferros plans, objectives, expectations and intentions with respect to future operations and services; required approvals to complete
the merger by our shareholders and by governmental regulatory authorities, and the timing and conditions for such approvals; the stock price of Ferro prior to the consummation of the transactions; and the satisfaction of the closing conditions to
the proposed merger. Such forward-looking statements often contain words such as assume, will, anticipate, believe, predict, project, potential,
contemplate, plan, forecast, estimate, expect, intend, is targeting, may, should, would, could, goal,
seek, hope, aim, continue and other similar words or expressions or the negative thereof or other variations thereon. Forward-looking statements are made based upon managements current
expectations and beliefs and are not guarantees of future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any
such statements. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those risks and
uncertainties described in any of our filings with the Securities and Exchange Commission (the SEC). Certain other factors which may impact our business, financial condition or results of operations or which may cause actual results to
differ from such forward-looking statements are discussed or included in our periodic reports filed with the SEC and are available on our website at www.ferro.com under Investors. You are urged to carefully consider all such factors.
Although it is believed that the expectations reflected in such forward-looking statements are reasonable and are expressed in good faith, such expectations may not prove to be correct and persons reading this communication are therefore cautioned
not to place undue reliance on these forward-looking statements which speak only to expectations as of the date of this communication. We do not undertake or plan to update or revise forward-looking statements to reflect actual results, changes in
plans, assumptions, estimates or projections, or other circumstances occurring after the date of this communication, even if such results, changes or circumstances make it clear that any forward-looking information will not be realized. If we make
any future public statements or disclosures which modify or impact any of the forward-looking statements contained in or accompanying this communication, such statements or disclosures will be deemed to modify or supersede such statements in this
communication.
Additional Information and Where to Find It
This communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or
approval. This communication relates to a proposed acquisition of Ferro by Prince. In connection with this proposed acquisition, Ferro has filed one or more proxy statements or other documents with the SEC. This communication is not a substitute for
any proxy statement or other document Ferro has filed with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF FERRO ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS THAT HAVE BEEN FILED WITH THE SEC
CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. The definitive proxy statement has been mailed to shareholders of Ferro. Investors and security holders are able to obtain free copies of these documents and other documents
filed with the SEC by Ferro through the website maintained by the SEC at https://www.sec.gov. Copies of the documents filed with the SEC by Ferro are available free of charge on Ferros internet website at www.ferro.com or upon written request
to: Director of Investor Relations and Corporate Communications, Ferro Corporation, 6060 Parkland Boulevard, Mayfield Heights, Ohio 44144 or by telephone at (216) 875-5451.