LONE PINE CAPITAL LLC

LPC commenced operations in June 1997 and has offices in Greenwich, Connecticut and New York, New York. The managing member of LPC is Lone Pine Managing Member LLC ("LPMM"), and Mr. Stephen F. Mandel, Jr. is the managing member of LPMM. LPC provides investment advisory services on a discretionary basis to its clients, including private investment funds offered to sophisticated and institutional investors on a private placement basis, collectively known as the "LPC Funds." These funds are structured as Delaware limited partnerships and Cayman Islands exempted limited companies.

LPC's investment strategies are not limited to those described in the brochure. LPC may offer any advisory services, engage in any investment strategy, and make any investment that it considers appropriate, subject to each LPC Fund's investment objectives and guidelines. The investment strategies LPC pursues are speculative and entail substantial risks, and investors should be prepared to bear a substantial loss of capital. There is no assurance that the investment objectives of any client will be achieved. LPC's investment strategy for the LPC Funds is driven by fundamental, bottom-up research. This research includes meeting with company management, speaking with customers, competitors, and suppliers, attending conferences and meetings with securities analysts, consultants, economists, academics, attorneys, and industry spokespersons, consulting with industry experts, reading publicly available information and financial filings, and consuming financial, economic, market and other data and statistical information. LPC Funds may have similar or dissimilar investment objectives and strategies, focusing on public or private markets, and different investment parameters and guidelines, including those relating to leverage.

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