UPDATE: Green Dot Issues Statement Related to Harvest Capital's Nominees for Directors

Green Dot Corporation

(the "Company") today issued the following statement regarding Harvest Capital Strategies LLC's ("Harvest Capital") nomination of three candidates for election to Green Dot's Board of Directors at the Company's 2016 Annual Meeting of Stockholders. "Green Dot respects and values input from all shareholders. To that end, the Nominating and Corporate Governance Committee of Green Dot's Board of Directors will carefully review Harvest Capital's proposed candidates in due course, and make a recommendation it believes is in the best interests of all shareholders. "Green Dot has engaged extensively with Harvest Capital representatives in an attempt to satisfy their concerns in a cooperative manner that benefits all shareholders. To that end, Green Dot recently offered Harvest Capital the opportunity to appoint one director to the Green Dot Board immediately and previously invited Harvest Capital and other top shareholders to propose candidates to serve as additional Directors, giving Harvest Capital the opportunity to work cooperatively with Green Dot to appoint appropriate directors to Green Dot's Board. Moreover, Green Dot Chairman and CEO Steve Streit offered to take no additional equity compensation for the next two years and to work with the Compensation Committee to further align his compensation to the Company's stated performance objectives. "We are disappointed that Harvest Capital has shown no signs of compromise and dismissed these proposals in favor of a disruptive and potentially value-destroying public campaign at the very time the Company believes investors are beginning to benefit from the realization of Green Dot's long-term strategic plan. "Without regard to any distraction, Green Dot's Board and management team continue to execute our six-step plan to achieve $1.75 in Non-GAAP EPS in 2017. We believe our Company's performance will ultimately be Green Dot's most powerful and effective response to Harvest Capital's campaign."