X0306 4 2015-12-18 1 0000796764 PREMIER EXHIBITIONS, INC. PRXI 0001411818 Sellers Capital Master Fund, Ltd. C/O M&C CORPORATE SERVICES, UGLAND HOUSE SOUTH CHURCH STREET, PO BOX 309 GT GEORGE TOWN GRAND CAYMAN E9 CAYMAN ISLANDS 0 0 0 1 See Remarks 0001412234 Sellers Capital LLC 707 SKOKIE BOULEVARD NORTHBROOK IL 60062 0 0 0 1 See Remarks 0001412222 Sellers Mark A 707 SKOKIE BOULEVARD NORTHBROOK IL 60062 0 0 0 1 See Remarks Common Stock 2015-12-18 4 J 0 1543018 0.78 D 0 D Common Stock 85298 D Distribution of shares by Sellers Capital Master Fund, Ltd. ("SCMF") to persons redeeming interests in SCMF's feeder funds (the "Distribution"). On November 5, 2015, Reporting Person Mark A. Sellers resigned from the Board of Directors of the Issuer, effective as of that date. The number of shares of Common Stock reported as beneficially owned on the Reporting Persons' most recent Form 4 was 15,430,179; however, on February 27, 2015, the Issuer effected a 1 for 10 reverse split of the Common Stock, resulting in the Reporting Persons beneficially owning 1,543,018 shares of Common Stock. Sellers Capital Master Fund, Ltd. is a Privately Offered Collective Investment vehicle that may be deemed the direct beneficial owner of the securities referred to herein. Sellers Capital LLC, is the investment manager of Sellers Capital Master Fund, Ltd. and Mark A. Sellers is the managing member of Sellers Capital LLC. Therefore, Mr. Sellers and Sellers Capital LLC may be considered indirect beneficial owners of the securities referred to herein. Sellers Capital Master Fund Ltd., Sellers Capital LLC and Mr. Sellers each disclaim beneficial ownership of the securities referred to herein except to the extent of their pecuniary interest therein. (See also Note 4.) As a result of the Distribution (Note 1, above), Reporting Person Mark A Sellers received 85,298 shares of Common Stock. As a result, his indirect beneficial ownership of these shares converted to sole direct beneficial ownership. Former 10% Owner; Former Director (see "Explanation Of Responses" Note 1). SELLERS CAPITAL MASTER FUND, LTD., By: /s/ Mark A. Sellers, Name: Mark A. Sellers, Title: Managing Member, Sellers Capital LLC, Investment Manager 2015-12-21 SELLERS CAPITAL LLC, By: /s/ Mark A. Sellers, Name: Mark A. Sellers, Title: Managing Member 2015-12-21 /s/ Mark A. Sellers 2015-12-21