X0306 4 2018-05-18 1 0001722992 Spirit MTA REIT SMTA 0001308606 SPIRIT REALTY CAPITAL, INC. 2727 NORTH HARWOOD STREET, SUITE 300 DALLAS TX 75201 0 0 1 0 0001739743 Spirit General OP Holdings, LLC 2727 NORTH HARWOOD STREET, SUITE 300 DALLAS TX 75201 0 0 1 0 0001703181 Spirit Realty, L.P. 2727 NORTH HARWOOD STREET, SUITE 300 DALLAS TX 75201 0 0 1 0 Common shares of beneficial interest 2018-05-18 4 J 0 42851011 0.00 D 0 I See footnote On or about May 31, 2018, Spirit Realty Capital, Inc. ("Spirit") will make a pro rata distribution of 100% of the outstanding common shares of the Issuer to Spirit stockholders of record as of May 18, 2018 (the "Distribution"). On or prior to the date of the Distribution, SMTA will recapitalize the SMTA common shares then held by Spirit Realty, L.P. such that Spirit will distribute to its stockholders one SMTA common share for every ten shares of Spirit common stock held by stockholders of Spirit as of the close of business on May 18, 2018. Reported number of shares reflects the recapitalization of the SMTA common shares that is expected to occur on or prior to the date of the Distribution based on the number of shares of Spirit common stock outstanding as of the close of business on May 18, 2018. The shares will be directly owned by Spirit Realty, L.P. until immediately prior to the Distribution. Spirit General OP Holdings, LLC, a wholly-owned subsidiary of Spirit Realty Capital, Inc., is the general partner of Spirit Realty, L.P. Spirit Realty Capital, Inc. By: /s/ Michael Hughes, Executive Vice President, Chief Financial Officer and Treasurer 2018-05-22 Spirit General OP Holdings, LLC By: /s/ Michael Hughes, Executive Vice President, Chief Financial Officer and Treasurer 2018-05-22 Spirit Realty, L.P. By: /s/ Michael Hughes, Executive Vice President, Chief Financial Officer and Treasurer 2018-05-22