Crown Castle urges shareholders to vote for director nominees

Crown Castle has filed definitive proxy materials with the Securities and Exchange Commission in connection with its upcoming 2024 Annual Meeting of Shareholders scheduled for May 22, 2024. Shareholders of record as of the close of business on March 28, 2024 are entitled to vote at the 2024 Annual Meeting. In connection with the filing of the definitive proxy statement, Crown Castle is mailing a letter to the Company’s shareholders. The letter read in part, “The Crown Castle Board of Directors and management team are taking decisive action to create a stronger and more valuable company. We have appointed 25+ year tower industry veteran Steven Moskowitz as President and CEO, effective April 11, 2024, following a robust search process. We are executing a comprehensive strategic and operating review of the fiber and small cell business, with the help of independent financial and legal advisors. We have strengthened our Board with proven executives who possess relevant experience and provide shareholder perspectives. Despite these recent actions, Ted Miller, along with Boots Capital Management, has continued his proxy contest to install himself as de facto chief executive of the Company and appoint his son-in-law and two of his friends to the Board in place of four of the Company’s highly qualified directors. We have engaged extensively with Mr. Miller over the last five months to better understand his views and discuss his proposals. During his 22-year absence from Crown Castle, Mr. Miller has neither been involved with the management of any other major industry participant nor has he gained industry-related experience that would be relevant for the Company’s opportunities and risks today. Furthermore, Mr. Miller’s campaign has relied on claims that do not hold up to examination. Mr. Miller has not presented any actionable new ideas that the Company has not already considered or is not currently evaluating. If successful in his proxy contest, we believe Mr. Miller’s lack of recent relevant experience coupled with his certitude that only he is capable of running the Company will negatively impact the ability of the Company’s new CEO, Mr. Moskowitz, to exercise his leadership on critical operational and strategic initiatives and will jeopardize our ability to maximize shareholder value. To protect your investment, we urge you to vote the enclosed WHITE proxy card today “FOR” all 13 of Crown Castle’s qualified and experienced director nominees: P. Robert Bartolo, Cindy Christy, Ari Fitzgerald, Jason Genrich, Andrea Goldsmith, Tammy Jones, Kevin Kabat, Anthony Melone, Steven Moskowitz, Sunit Patel, Bradley Singer, Kevin Stephens and Matthew Thornton, III.”