AOL, Inc. (AOL) · slide 7

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Prior to Starboard's first public letter to the Company on December 21, 2011, AOL's stock price had materially underperformed both the broader equity markets and its Peer Groups over almost any measurement period.

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before-after-framing 95%

Contrasts performance before and after Starboard's intervention.

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Includes a summary table of returns and three line charts showing performance over different time horizons.