X0306 4 2018-01-23 0 0001455863 AMERICOLD REALTY TRUST COLD 0001380393 Fortress Investment Group LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK NY 10105 0 0 1 0 0001387345 FIG Corp. C/O FORTRESS INVESTMENT GROUP LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK NY 10105 0 0 1 0 0001387344 Fortress Operating Entity I LP C/O FORTRESS INVESTMENT GROUP LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK NY 10105 0 0 1 0 0001500292 Hybrid GP Holdings LLC C/O FORTRESS INVESTMENT GROUP LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK NY 10105 0 0 1 0 0001245521 FIG LLC C/O FORTRESS INVESTMENT GROUP LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK NY 10105 0 0 1 0 0001728223 CF Cold GP LLC C/O FORTRESS INVESTMENT GROUP LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK NY 10105 0 0 1 0 0001728261 CF Cold LP C/O FORTRESS INVESTMENT GROUP LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK NY 10105 0 0 1 0 Common Shares of Beneficial Interest 2018-01-23 4 M 0 18574619 9.81 A 87917388 I See footnote Common Shares of Beneficial Interest 2018-01-23 4 F 0 12147801 15.00 D 75769587 I See footnote Common Shares of Beneficial Interest 2018-01-23 4 S 0 13581284 14.904 D 62188303 I See footnote Warrants to purchase Common Shares 9.81 2018-01-23 4 M 0 18574619 0.00 D 2009-12-10 Common Shares of Beneficial Interest 18574619 0 I See footnote Represents the cashless exercise of Warrants to purchase 18,574,619 Common Shares of Beneficial Interest ("Common Shares") by YF ART Holdings, L.P., a Delaware limited partnership ("YFA"). Pursuant to the terms of the Warrants, the Issuer withheld 12,147,801 Common Shares to pay the exercise price, and issued 6,426,818 Common Shares to YFA. Securities held through YFA. YFA is not controlled by the reporting persons and may file separate reports under Section 16. Each reporting person disclaims beneficial ownership of all reported shares except to the extent of its pecuniary interest therein and the inclusion of the shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for the purposes of Section 16 or otherwise. The Warrants to purchase Common Shares expire on the earliest to occur of (i) 5:00 p.m. New York time on January 31, 2019, (ii) the closing of a qualified sale transaction and (iii) the closing of a qualified initial public offering. FORTRESS INVESTMENT GROUP LLC, by /s/ David N. Brooks, its Secretary 2018-01-25 FIG CORP., by /s/ David N. Brooks, its Secretary 2018-01-25 FORTRESS OPERATING ENTITY I LP, by FIG Corp., its general partner, by /s/ David N. Brooks, its Secretary 2018-01-25 HYBRID GP HOLDINGS LLC, by Fortress Operating Entity I LP, its sole managing member, by FIG Corp., its general partner, by /s/ David N. Brooks, its Secretary 2018-01-25 FIG LLC, by /s/ David N. Brooks, its Secretary 2018-01-25 CF COLD GP LLC, by /s/ Constantine M. Dakolias, its President 2018-01-25 CF COLD LP, by CF Cold GP LLC, its General Partner, by /s/ Constantine M. Dakolias, its President 2018-01-25