<span style="line-height: 20.8px;">On August 23, 2016, affiliates of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) determined to further extend the offering period of Apollo’s previously announced cash tender offer to purchase all of the outstanding shares of common stock of Diamond Resorts International, Inc. (“Diamond Resorts”) for a period of four (4) business days.</span>