JHL is a Delaware limited liability company that commenced operations in August 2006 and is indirectly majority owned by James H. Litinsky (the “CEO/CIO”). JHL serves as an investment manager or adviser to pooled investment vehicles. Investors typically include high net worth individuals, funds of funds, foundations and endowments, institutions, employees and their family members, along with JHL and its affiliates. The Company launched the Onshore Fund on August 1, 2006. In May 2009, JHL launched JHL Capital Group Master Fund L.P. (the “Master Fund”), a Cayman Islands exempted limited partnership, formed to conduct investment and trading activities on behalf of the Onshore Fund and its newly established offshore counterpart, JHL Capital Group Fund Ltd. (the “Offshore Fund”), a Cayman Islands exempted company. In this brochure, the Onshore Fund and the Offshore Fund are collectively referred to as the “Feeder Funds,” and each of the Feeder Funds and the Master Fund are collectively referred to as the “Funds.” Each of the Feeder Funds invests all of its capital in the Master Fund as part of a traditional master-feeder structure. Consequently, other than the Feeder Funds’ investment into the Master Fund, all references in this brochure to the Funds’ investment objectives, strategies, investments, and transactions include the Feeder Funds’ investment objectives, strategies, investments, and transactions as implemented through the Master Fund. JHL provides investment management services to the Master Fund and the Offshore Fund and is the manager of the Onshore Fund. JHL Capital Group Master Fund GP Ltd. (the “General Partner”), a Cayman

Islands exempted company, serves as the general partner of the Master Fund. JHL has full discretionary authority on investment decisions made with respect to the Funds. Its advice with respect to the Funds is tailored to the investment objectives, guidelines, and requirements set forth in each Fund’s respective offering memorandum and advisory agreement. Investment advice is provided directly to the Funds, not individually to their underlying investors. The Funds are managed according to an opportunistic investment style that allows for investments in long and short equity positions, fixed income securities, and/or derivatives and other financial instruments. JHL has significant authority to independently manage the Funds’ portfolios. While JHL is not held to “hard” investment mandates or restrictions, JHL utilizes “soft” guidelines based on conviction. JHL generally takes concentrated positions in high-conviction ideas. JHL currently holds one long position and is managing the liquidation of its remaining assets. All discussions of the Funds in this brochure, including but not limited to their investments, the strategies used in managing the Funds, the fees and other costs associated with an investment in the Funds, and conflicts of interest faced by JHL in connection with management of the Funds, are qualified in their entirety by reference to each Fund’s respective offering memorandum and advisory agreement. As of January 1, 2023, the Company manages approximately $681,000,000 of assets, net of liabilities, on a discretionary basis. The Company does not manage assets on a non-discretionary basis.