X0306 4 2018-06-18 0 0001730346 Charah Solutions, Inc. CHRA 0001743507 BCP Energy Services Fund UGP, LLC 400 CONVENTION STREET, SUITE 1010 BATON ROUGE LA 70802 0 0 1 0 0001743508 BCP Energy Services Fund GP, LP 400 CONVENTION STREET, SUITE 1010 BATON ROUGE LA 70802 0 0 1 0 0001620883 BCP ENERGY SERVICES FUND-A, LP 400 CONVENTION STREET, SUITE 1010 BATON ROUGE LA 70802 1 0 1 0 0001620882 BCP ENERGY SERVICES FUND, LP 400 CONVENTION STREET, SUITE 1010 BATON ROUGE LA 70802 1 0 1 0 0001743505 Charah Holdings GP LLC 400 CONVENTION STREET, SUITE 1010 BATON ROUGE, LA 70802 0 0 1 0 0001743465 Charah Holdings LP 400 CONVENTION STREET, SUITE 1010 BATON ROUGE LA 70802 1 0 1 0 0001743809 JENKINS JEFFREY SCOTT 400 CONVENTION STREET, SUITE 1010 BATON ROUGE LA 70802 0 0 1 0 0000940082 BERNHARD JAMES M JR 400 CONVENTION STREET, SUITE 1010 BATON ROUGE LA 70802 0 0 1 0 Common Stock 2018-06-18 4 A 0 3493884 A 3493884 I See Footnotes Common Stock 2018-06-18 4 A 0 8068844 A 8068844 I See Footnotes Common Stock 2018-06-18 4 A 0 5952017 A 5952017 I See Footnotes Common Stock 2018-06-18 4 D 0 410699 11.16 D 3083185 I See Footnotes Common Stock 2018-06-18 4 D 0 948477 11.16 D 7120367 I See Footnotes Common Stock 2018-06-18 4 D 0 699648 11.16 D 5252369 I See Footnotes Such reporting person acquired these securities in accordance with that certain Master Reorganization Agreement, dated June 13, 2018, by and among Charah Solutions, Inc. (the "Issuer"), such reporting persons and the other parties thereto. BCP Energy Services Fund UGP, LLC ("BCP Energy Services Fund UGP ") is the sole general partner of BCP Energy Services Fund GP, LP ("BCP Energy Services Fund GP "), which is the sole general partner of both BCP Energy Services Fund, LP ("BCP Energy Services Fund") and BCP Energy Services Fund-A, LP ("BCP Energy Services Fund-A"). BCP Energy Services Fund, LP and BCP Energy Services Fund-A, LP have dispositive voting power over Charah Holdings GP LLC ("Charah Holdings GP"), which is the sole general partner of Charah Holdings LP ("Charah Holdings"). BCP Energy Services Fund UGP is managed by J.M. Bernhard, Jr. and Jeffrey Jenkins. By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), (i) each of Messrs. Bernhard and Jenkins, BCP Energy Services Fund UGP and BCP Energy Services Fund GP may be deemed to have an indirect pecuniary interest in the securities held directly by Charah Holdings, (Continued from footnote 2) BCP Energy Services Fund and BCP Energy Services Fund-A and each of BCP Energy Services Fund and BCP Energy Services Fund-A may be deemed to have an indirect pecuniary interest in the securities held directly by Charah Holdings. In accordance with Instruction 4(b)(iv), the entire amount of the securities held by each of Charah Holdings, BCP Energy Services Fund and BCP Energy Services Fund-A are reported herein. Each reporting person disclaims beneficial ownership of any securities that are not directly owned by such reporting person, except to the extent of their indirect pecuniary interest therein. Each reporting person disclaims beneficial ownership of any securities that are not directly owned by such reporting person, except to the extent of their indirect pecuniary interest therein. Shares held directly by Charah Holdings LP. Shares held directly by BCP Energy Services Fund-A, LP. Shares held directly by BCP Energy Services Fund, LP. In connection with the Issuer's initial public offering, sold by such Reporting Person as a selling stockholder pursuant to a registration statement on Form S-1 (Registration No. 333-225051), as amended, initially filed with the Securities and Exchange Commission by the Issuer on May 18, 2018. Represents the price to the public less underwriting discounts and commissions in the Issuer's initial public offering. In connection with the closing of the Issuer's initial public offering, Charah Holdings, BCP Energy Services Fund and BCP Energy Services Fund-A entered into the Stockholders' Agreement (the "Stockholders' Agreement"), pursuant to which Charah Holdings, BCP Energy Services Fund and BCP Energy Services Fund-A have the right to nominate designees to the Board of Directors of the Issuer, subject to ownership thresholds set forth in the Stockholders' Agreement. As a result, each Reporting Person herein may be deemed a director by deputization for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended. In addition, the Reporting Persons may be deemed to be members of a group holding over 10% of the outstanding common stock of the Issuer for the purposes of Section 13(d)(3) of the Exchange Act. BCP Energy Services Fund UGP, LLC, By: Jeffrey Jenkins, authorized representative; /s/ Jeffrey Jenkins 2018-06-20