X0306 4 2021-07-19 0 0001831651 Shoals Technologies Group, Inc. SHLS 0001834996 Oaktree Power Opportunities Fund IV (Delaware) Holdings, L.P. 1400 SHOALS WAY PORTLAND TN 37148 0 0 1 0 0001861643 BAM Partners Trust BROOKFIELD PLACE 181 BAY STREET, SUITE 300 TORONTO A6 A6 M5J 2T3 ONTARIO, CANADA 0 0 1 0 0001001085 BROOKFIELD ASSET MANAGEMENT INC. BROOKFIELD PLACE 181 BAY STREET, SUITE 300 TORONTO A6 M5J 2T3 ONTARIO, CANADA 0 0 1 0 0001622599 Oaktree Power Opportunities Fund IV, L.P. 333 SOUTH GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071 0 0 1 0 0001499005 Oaktree Fund GP, LLC 333 SOUTH GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071 0 0 1 0 0001701705 Oaktree Power Opportunities Fund IV (Parallel), L.P. 333 SOUTH GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071 0 0 1 0 0000949509 OAKTREE CAPITAL MANAGEMENT LP C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 SOUTH GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071 0 0 1 0 0001403528 Oaktree Capital Group, LLC C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 SOUTH GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071 0 0 1 0 0001790787 Atlas OCM Holdings, LLC C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 SOUTH GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071 0 0 1 0 0001403527 Oaktree Capital Group Holdings, L.P. 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071 0 0 1 0 Class A Common Stock, par value $0.00001 per share 2021-07-19 4 S 0 4977751 D 0 D This Form 4 is being filed jointly by (each, a "Reporting Person" and, collectively, the "Reporting Persons") (i) Oaktree Power Opportunities Fund IV (Delaware) Holdings, L.P. ("Oaktree Power"), (ii) Oaktree Power Opportunities Fund IV, L.P. (the "Main Fund"); (iii)Oaktree Power Opportunities Fund IV (Parallel), L.P. (the "Parallel Fund"); (iv) Oaktree Fund GP, LLC ("OFGP"); (v) Oaktree Capital Management, L.P. ("OCM"); (vi) Oaktree Capital Group, LLC ("OCG"); (vii) Atlas OCM Holdings LLC ("Atlas OCM"); (viii) Brookfield Asset Management, Inc. ("Brookfield"); (ix) BAM Partners Trust and (x) Oaktree Capital Group Holdings, L.P. ("OCGH LP"). Oaktree Power Opportunities Fund IV (Delaware) Holdings, L.P. ("Oaktree Power") is beneficially owned by the Main Fund and Parallel Fund. We refer to the Main Fund and the Parallel Fund, collectively, as the "Oaktree Funds." Oaktree Power is controlled by its general partner, OFGP. OFGP is in turn an affiliate of OCM, which is the investment manager of each of the Oaktree Funds. As a result, each of the Oaktree Funds and OCM may be deemed to have beneficial ownership of the shares owned by Oaktree Power. OCM's asset management business is indirectly controlled by OCG and Atlas OCM. As of November 9, 2020, approximately 61.8% of OCM's business is indirectly owned by Brookfield and the remaining approximately 38.2% is ultimately owned by current and former OCM executives and employees. Brookfield's ownership interest in OCM's business is held through OCG, Atlas OCM and other holding entities. BAM Partners Trust is the sole owner of Class B Limited Voting Shares of Brookfield. (Continued from footnote 2) The current and former OCM executives and employees hold their interests through a separate entity, OCGH LP. The board of directors of OCG and of Atlas OCM is currently comprised of: (i) five Oaktree senior executives, Howard S. Marks, Bruce A. Karsh, Jay S. Wintrob, John B. Frank, and Sheldon M. Stone; (ii) three independent directors, Stephen J. Gilbert, D. Richard Masson, and Marna C. Whittington; and (iii) two Brookfield senior executives, Justin B. Beber and J. Bruce Flatt. Each of the Reporting Persons expressly disclaims beneficial ownership of the equity securities reported herein, except to the extent of their respective pecuniary interests therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4. The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. Represents Class A Common Stock, par value $0.00001 per share ("Class A Common Stock") of Shoals Technologies Group, Inc. disposed of in connection with an underwritten public offering, which closed on July 19, 2021. These shares of Class A Common Stock were disposed at $27.02 per share, a public offering price of $28.00 per share less the underwriting discounts. Exhibit 99.1 Signatures /s/ Mehgan Peetz, as Attorney-in-Fact for Oaktree Power Opportunities Fund IV (Delaware) Holdings, L.P. 2021-07-21 See Signatures Included in Exhibit 99.1 2021-07-21