FORWARD-LOOKING STATEMENTS
Certain statements herein, other than statements of historical fact, are forward-looking statements. Such forward-looking statements may include, without
limitation, statements about the expected tender offer, including the value of shares that we expect to offer to purchase in the tender offer and whether we actually commence and consummate the tender offer as planned or at all. Valvoline Inc. (the
Company) has identified some of these forward-looking statements with words such as anticipates, believes, expects, estimates, is likely, predicts,
projects, forecasts, may, will, should, and intends, and the negative of these words or other comparable terminology. These forward-looking statements are based on
Valvolines current expectations, estimates, projections, and assumptions as of the date such statements are made and are subject to risks and uncertainties that may cause results to differ materially from those expressed or implied in the
forward-looking statements. Additional information regarding these risks and uncertainties are described in the Companys filings with the Securities and Exchange Commission (the SEC), including in the Risk
Factors, Managements Discussion and Analysis of Financial Condition and Results of Operations, and Quantitative and Qualitative Disclosures about Market Risk sections of Valvolines most recently filed
periodic reports on Forms 10-K and 10-Q, which are available on Valvolines website at
http://investors.valvoline.com/sec-filings or on the SECs website at http://www.sec.gov. Valvoline assumes no obligation to update or revise these forward-looking statements for any reason, even if new
information becomes available in the future, unless required by law.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
This communication is for informational purposes only, is not a recommendation to buy or sell the Companys common stock and does not constitute an offer
to buy or the solicitation to sell the Companys common stock. The tender offer described in this communication has not yet commenced, and there can be no assurances that the Company will commence the tender offer on the terms described in this
communication or at all. The tender offer will be made only pursuant to the Offer to Purchase, the Letter of Transmittal and other related materials that the Company expects to file with the SEC upon commencement of the tender offer. SHAREHOLDERS
ARE URGED TO CAREFULLY READ THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS (AND ANY AMENDMENT OR SUPPLEMENT THERETO) IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING THE VARIOUS TERMS
OF, AND CONDITIONS TO, THE TENDER OFFER, THAT SHAREHOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SHARES. If and when the tender offer is commenced, shareholders will be able to obtain a free copy of the tender offer
materials (including the Offer to Purchase, the Letter of Transmittal and other related materials) that the Company will be filing with the SEC at the SECs website at http://www.sec.gov. In addition, if and when the tender offer is commenced,
the Company will provide contact information for shareholders if they should have any questions or assistance.
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