Statement re Navient Investment Update

Sherborne Investors (Guernsey) C Limited

LEI 213800L8QL59OCFOCB40

19 April 2022

Sherborne Investors (Guernsey) C Limited

Navient Investment Update

The board of directors of Sherborne Investors (Guernsey) C Limited notes the press release issued on 18 April 2022 by Navient Corporation ("Navient") and Sherborne Investors Management LP ("Sherborne Investors") announcing the nomination of Mr. Edward Bramson, a Partner in Sherborne Investors, for election to the board of Navient at the company's annual meeting to be held on 2 June 2022.

Sherborne Investors is the largest shareholder in Navient with a 19.7% shareholding.

-Ends-

Enquiries: 

In the United Kingdom:

Dentons Global Advisors +44 (0)20 7038 7419

Deborah Scott

James Styles

Humza Vanderman

Leah Dudley

In the United States:

Abernathy MacGregor +1 (212) 371-5999

Tom Johnson

Jeremy Jacobs

Deirdre Walsh