X0306 4 2016-11-23 0 0001579684 New Media Investment Group Inc. NEWM 0001124460 EDENS WESLEY R 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105 1 0 0 0 Stock option (right to buy) 16.00 2016-11-23 4 A 0 750000 0.00 A 2026-11-23 Common Stock, par value $0.01 per share 750000 750000 I Fortress Operating Entity I LP Options were fully vested on date of initial grant from the Issuer to FOE I and become exercisable in thirty equal monthly installments beginning on the first of each month following the month in which the options were granted. These options were granted to Fortress Operating Entity I ("FOE I"). FIG Corp. is the general partner of FOE I and is a wholly-owned subsidiary of Fortress Investment Group LLC. By virtue of his relationship to Fortress Investment Group LLC and certain of its affiliates, Mr. Edens may be deemed to have a pecuniary interest in securities beneficially owned by FOE I. Mr. Edens disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. /s/ Wesley R. Edens 2016-11-23