Nebraska Proposal to Consider and Approve Offer to Exchange Outstanding Shares and Amend Certificate of Designations, Preferences and Rights with Fairness Opinion Report: Nebraska Corporation is organizing a proposal to consider and approve an offer to exchange outstanding shares and amend the certificate of designations, preferences, and rights. This proposal signifies a significant change in the company's ownership structure and entails a comprehensive evaluation of the terms and conditions involved. The primary objective of this proposal is to ensure fairness and transparency in the exchange process, safeguarding the interests and rights of all shareholders. The offer to exchange outstanding shares will enable existing shareholders to swap their current holdings for new shares with revised designations, preferences, and rights. This exchange will be based on a valuation of the company's current financial status, future growth potential, and market position. The terms and conditions of the offer will be outlined in a detailed document that will be provided to all shareholders, ensuring they have ample time to review and consider the offer. The proposed amendment to the certificate of designations, preferences, and rights is intended to update and align the governing rules and regulations with the new share structure. This amendment will encompass any necessary modifications to the voting rights, dividend payments, liquidation preferences, and other rights associated with the exchanged shares. The objective is to maintain a consistent framework that reflects the revised ownership structure and ensures equal treatment for all shareholders. As part of this proposal, Nebraska Corporation will commission a Fairness Opinion Report from an independent financial institution. This report will provide an expert, impartial assessment of the offer's fairness and adequacy. It will evaluate whether the exchange offer is equitable and appropriately reflects the company's value, and whether the proposed amendments to the certificate of designations, preferences, and rights align with market standards. The Nebraska Proposal to consider and approve offer to exchange outstanding shares and amend certificate of designations, preferences, and rights with Fairness Opinion Report may have various types depending on the specifics of the exchange and the unique circumstances of the corporation. While the general concept remains consistent, the proposal types may include: 1. Common Share Exchange Proposal: Shareholders exchange their existing common shares for new common shares with adjusted designations, preferences, and rights. 2. Preferred Share Exchange Proposal: Shareholders holding preferred shares convert their current holdings into newly defined preferred shares through the exchange offer. 3. Combination Exchange Proposal: A more complex proposal that allows for the exchange of both common and preferred shares, providing shareholders with options based on their individual preferences and risk profiles. Overall, the Nebraska Proposal to consider and approve offer to exchange outstanding shares and amend certificate of designations, preferences, and rights with Fairness Opinion Report aims to facilitate a comprehensive and equitable transformation of the company's ownership structure. It underscores Nebraska Corporation's commitment to transparency, fairness, and creating value for its shareholders.