Trian Fund Management, L.P., one of the largest stockholders of E. I. du Pont
de Nemours and Company DD, which currently beneficially owns
approximately 24.6 million DuPont shares valued at approximately $1.7 billion,
today will be filing a presentation with the Securities and Exchange
Commission to correct inaccurate and misleading statements it believes DuPont
has made about its operating performance and about Trian. With DuPont's 2015
Annual Meeting of Stockholders less than a month away, Trian believes it is
necessary to cut through DuPont's rhetoric so stockholders can make an
informed decision on May 13, 2015.
Trian has a long record of improving the operating results of the
underperforming companies in which it invests.^1 Over the years, Trian has
found that underperforming companies often rely on rhetoric to obfuscate their
performance issues. Trian's nominees, if elected to the DuPont Board, will be
focused on enhancing DuPont's operating performance by ensuring both
management and the Board consider issues in a clinical and objective manner
and that decisions by the Board are based on analysis that is grounded in
reality and free of "spin."
Trian will continue to communicate factually about its proposed strategic and
operating initiatives to improve DuPont's performance and increase long-term
value so stockholders can base their election decisions on the merits of the
fundamental arguments, rather than on inaccurate and misleading statements.
Trian urges stockholders to take this opportunity to facilitate change in the
DuPont boardroom by voting the GOLD proxy card for the election of Nelson
Peltz, John H. Myers, Arthur B. Winkleblack and Robert J. Zatta, who, if
elected to the DuPont Board, will seek to ensure decisions are made by a
reinvigorated Board that fosters a transparent, confident and high-performing
culture, and proactively addresses operating and strategic opportunities and
the challenges to DuPont's business.
Trian's presentation on DuPont Rhetoric vs. Reality can be found at:
www.DuPontCanBeGreat.com.
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