Starboard Value Takes 9.9% Stake in Stewart Information Services Corp (STC)

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  (c) The transactions in the Shares by Starboard
Value LP through the Starboard Value LP Account and on behalf of each of Starboard V&O Fund, Starboard S LLC and Starboard
C LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

 

G. Starboard Value GP

 

  (a) Starboard Value GP, as the general partner
of Starboard Value LP, may be deemed the beneficial owner of the (i) 1,726,345 Shares owned by Starboard V&O Fund, (ii)
216,790 Shares owned by Starboard S LLC, (iii) 119,970 Shares owned by Starboard C LP, and (iv) 251,895 Shares held
in the Starboard Value LP Account.

 

  Percentage: Approximately 9.9%

 

  (b) 1. Sole power to vote or direct vote: 2,315,000

 

  2. Shared power to vote or direct vote:
0

 

  3. Sole power to dispose or direct the
disposition: 2,315,000

 

  4. Shared power to dispose or direct the
disposition: 0

 

  (c) Starboard Value GP has not entered into
any transactions in the Shares during the past sixty days.  The transactions in the Shares on behalf of each of
Starboard V&O Fund, Starboard S LLC, Starboard C LP and through the Starboard Value LP Account during the past sixty days
are set forth in Schedule B and are incorporated herein by reference.

 

 

 

H. Principal Co

 

  (a) Principal Co, as a member of Starboard
Value GP, may be deemed the beneficial owner of the (i) 1,726,345 Shares owned by Starboard V&O Fund, (ii) 216,790
Shares owned by Starboard S LLC, (iii) 119,970 Shares owned by Starboard C LP, and (iv) 251,895 Shares held in the Starboard
Value LP Account.

 

Percentage: Approximately
9.9%

 

  (b) 1. Sole power to vote or direct vote: 2,315,000

 

  2. Shared power to vote or direct vote:
0

 

  3. Sole power to dispose or direct the
disposition: 2,315,000

 

  4. Shared power to dispose or direct the
disposition: 0

 

  (c) Principal Co has not entered into any transactions
in the Shares during the past sixty days.  The transactions in the Shares on behalf of each of Starboard V&O
Fund, Starboard S LLC, Starboard C LP and through the Starboard Value LP Account during the past sixty days are set forth
in Schedule B and are incorporated herein by reference.

 

I. Principal GP

 

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