Disclaimer

This website and the confidential material contained hereon (the "Website") is provided for informational purposes only. None of the information available on the website (the "Website Information") constitutes a solicitation or offer by and may not be reproduced in whole or part without the consent of Glenhill Capital Advisors, LLC or any of its affiliates (collectively, "Glenhill Capital"), to buy or sell any securities. No such offer or solicitation will be made prior to the delivery of a definitive offering memorandum and other materials relating to the matters herein. Before making an investment decision, potential investors are advised to carefully read the private offering memorandum, limited partnership agreement and related materials and consult with their tax, legal and financial advisors. Glenhill Capital reserves the right to change, modify, add or remove portions of any content posted on the Website at any time without notice and without liability.

The Website Information, including all design, text and pictures, is owned or licensed by Glenhill Capital. The trademarks, service marks and logos used and displayed on the Website are exclusive trademarks and service marks of Glenhill Capital. All rights not expressly granted are reserved.

The Website Information should not be deemed as a recommendation to buy or sell securities. Glenhill Capital cannot and does not guarantee the success of any investment strategy. Past results are not necessarily indicative of future performance and no assurance can be made that profits will be achieved or that substantial losses will not be incurred. All investments involve risk including the loss of capital. The Glenhill Funds' performance results are compared to the S&P 500 Index, a broad-based securites index that is considered representative of the stock market in general. The S&P 500 Index is unmanaged and is not subject to fees and expenses, including transaction costs, typically associated with managed funds such as the Glenhill Funds. Investments cannot be made directly in the S&P 500 Index and the S&P 500 returns include reinvestement of dividends and income. Comparisons to benchmarks have inherent limitations because benchmarks exhibit volatility and other material characteristics that may differ from those of GlenhillÂ’s Funds. Because of these differences, investors should not rely on them as accurate measures of comparison.

All Website Information and the Website itself are provided "as is" and "as available" without any warranty of any kind. To the fullest extent permitted by law, Glenhill Capital hereby expressly disclaims any and all express or implied representations and warranties of any kind to you and/or any third party. Glenhill Capital does not warrant that the Website will operate error free or is free from viruses, worms or other destructive or harmful code.

Portions of this Website that require a password and permission to access the contents therein are intended only to be viewed by individuals so authorized. To the fullest extent permitted by applicable law, Glenhill Capital expressly disclaims any and all liability whatsoever for errors and omissions in any information or materials, and for any use or interpretation by others of any information or materials, contained in or accessible through the Website.

Glenhill Capital is an equal opportunity employer. It is Glenhill Capital's policy to employ qualified individuals without regard to the actual or perceived age, race, creed, religious belief, color, gender, sexual orientation, marital status, physical or mental disability, national origin, alienage or citizenship status, military status, genetic predisposition or genetic carrier status or any other classification protected by law.

Unless otherwise noted, performance returns presented herein are stated net of performance allocations, management fees and expenses for new issue restricted investors in Glenhill Capital LP, a Delaware limited partnership (the "Domestic Feeder") and Glenhill Capital Overseas Partners Ltd., a Cayman Islands exempted company (the "Offshore Feeder"). In addition, the performance returns of these investors reflect the reinvestment of dividends and all other income, including net realized and unrealized gain or loss, and a performance allocation of 15% for all periods after January 1, 2009 and 20% performance allocation for periods prior to January 1, 2009. Individual investor results may vary due to timing of contributions, withdrawals, fee arrangements and participation in certain investments, including side-pocket investments. Contributions on or after January 1, 2009 may not be subject to a high-water mark or may be subject to a different performance allocation percentage and do not participate in any side-pocket investments, all of which may result in a lower net return than that presented. The Domestic Feeder and Offshore Feeder invests substantially all of its assets into Glenhill Capital Overseas Master Fund, LP, a Cayman Islands limited partnership (the "Master Fund"). The Master Fund invests in a combination of long and short positions primarily in publicly traded equities. Prior to July 2011, the Domestic Feeder and Offshore Feeder operated in a side by side structure in pursuit of the same long/short strategy. There can be no assurance that historical performance is indicative of future results. Some performance data and other information contained herein are estimated and unaudited, and are subject to change.

Standard & Poor's 500 Index returns are presented for illustrative purposes only. These returns are inclusive of dividends. In addition, the holdings of Glenhill Capital Overseas Master Fund LP, its affiliates, or any other funds managed by Glenhill Capital may differ significantly from the securities that comprise these market indices. Comparisons to benchmarks have inherent limitations because benchmarks exhibit volatility and other material characteristics that may differ from investments held by the Master Fund. Because of these differences, investors should not rely on them as accurate measures of comparison. This data has been obtained from sources believed to be reliable, but no guarantee is given to its accuracy.

If you would like additional information regarding these differences please contact Glenhill IR at glenhill.ir@glenhillcap.com.