The Internal Revenue Service requires the attached Form 8937 to be provided to a shareholder when an organizational action affects a shareholder's basis in the Company's stock. The information contained herein and in the attachment does not constitute tax advice and does not purport to be complete or to describe the consequences that may apply to particular categories of shareholders. Weight Watchers does not provide tax advice to its shareholders. You are urged to consult your own tax advisor regarding the particular consequences of the distribution to you, including the applicability and effect of all U.S. federal, state, local and foreign tax laws.