Sawaya Segalas & Co., LLC Preliminary Introductory Materials February 2011 Sawaya Segalas & Co., LLC Preliminary Introductory Materials IRI InfoScan (MULO+C data ending Apr 17, 2016)

Bottled Water Category Retail Dollar Sales ($MM) & % Chg YA Strictly Confidential Bottled Water Category Retail Dollar Sales ($MM) & % Chg YA Total Bottled Water Unsweetened Sparkling Water (includes Flavored & Unflavored) Premium Bottled Water (includes Still & Sparkling) 5.0% Source: IRI Infoscan, Total US MULO+C , Data Ending Apr 17, 2016

Bottled Water Category Retail Unit* Sales (MM) & % Chg YA Strictly Confidential Bottled Water Category Retail Unit* Sales (MM) & % Chg YA Total Bottled Water Unsweetened Sparkling Water (includes Flavored & Unflavored) Premium Bottled Water (includes Still & Sparkling) 3.2% Source: IRI Infoscan, Total US MULO+C , Data Ending Apr 17, 2016 *Units = Actual packages scanned

*Units = Actual packages scanned Strictly Confidential Voss v. Premium Peers Dollar & Unit* Sales % Chg YA % Dollar Growth Latest 52 Week Premium Bottled Cat % Unit Growth 34.9% 15.6% 12.4% 11.3% 6.7% 13.6% 4.4% (1.8%) 4.3% (35.3%) Source: IRI Infoscan, Total US MULO+C , Data Ending Apr 17, 2016 *Units = Actual packages scanned

*Units = Actual packages scanned Strictly Confidential Voss v. Premium Peers Dollar & Unit* Sales % Chg YA % Dollar Growth Latest 12 Week Premium Bottled Cat % Unit Growth 21.9% 14.0% 4.3% 10.9% 13.9% 4.6% 11.3% 2.4% 1.0% (43.8%) Source: IRI Infoscan, Total US MULO+C , Data Ending Apr 17, 2016 *Units = Actual packages scanned

Voss Dollar Sales ($MM) Trends Strictly Confidential Voss Dollar Sales ($MM) Trends Dollar Sales – Moving Annual Total by Month NOTE:we have only 16 rolling 52 weeks Source: IRI Infoscan, Total US MULO+C, Data Ending Apr 17, 2016

Voss Unit* Sales (MM) Trends Strictly Confidential Voss Unit* Sales (MM) Trends Unit Sales - Moving Annual Total by Month NOTE: we have only 16 rolling 52 weeks Source: IRI Infoscan, Total US MULO+C, Data Ending Apr 17, 2016 *Units = Actual packages scanned

Voss Dollars & % Chg YA by Region (L-12 & L-52, MULO+C) Strictly Confidential Voss Dollars & % Chg YA by Region (L-12 & L-52, MULO+C) Latest 12 Weeks Latest 52 Weeks Dollar Sales Dollar Sales % Chg YA Values are in Millions Source: IRI Infoscan, Data Ending Apr 17, 2016

Voss ACV Weighted Distribution (%) by Region (L-4, MULO+C) Strictly Confidential Voss ACV Weighted Distribution (%) by Region (L-4, MULO+C) Source: IRI Infoscan, Total US MULO+C , Data Ending Apr 17, 2016

Voss PDI & Dollar Share by Region (L-4, MULO+C) Strictly Confidential Voss PDI & Dollar Share by Region (L-4, MULO+C) West Plains Great Lakes Northeast TTL Premium: 111.4 Unsweetened Sparkling: 102.8 TTL Voss: 139.7 Voss Share of Premium: 3.1% TTL Premium: 73.5 Unsweetened Sparkling: 132.1 TTL Voss: 68.2 Voss Share of Premium: 2.2% TTL Premium: 77.1 Unsweetened Sparkling: 95.6 TTL Voss: 106.5 Voss Share of Premium: 3.7% TTL Premium: 84.2 Unsweetened Sparkling: 110.7 TTL Voss: 98.0 Voss Share of Premium: 2.9% California South Central Southeast Mid South TTL Premium: 88.5 Unsweetened Sparkling: 70.6 TTL Voss: 113.4 Voss Share of Premium: 3.2% TTL Premium: 126.5 Unsweetened Sparkling: 97.5 TTL Voss: 124.4 Voss Share of Premium: 2.5% TTL Premium: 95.5 Unsweetened Sparkling: 64.8 TTL Voss: 56.1 Voss Share of Premium: 1.3% TTL Premium: 140.4 Unsweetened Sparkling: 133.6 TTL Voss: 84.6 Voss Share of Premium: 1.5% PDI = (Volume Sales in a Geography / Population of the Geography) (Volume Sales in Total US / Total US Population) Source: IRI Infoscan, Data Ending Apr 17, 2016 Copyright © Information Resources, Inc., 2006. Confidential and proprietary

Premium Water v. Voss: Base Sales Diagnostics (L-52, MULO+C) Strictly Confidential Premium Water v. Voss: Base Sales Diagnostics (L-52, MULO+C) Total PREMIUM Dollar Sales Base $ Sales Avg. Wkly Items Per Store Base Price Per Vol Avg Weekly ACV Wtd Distribution 52 Weeks: 12 Weeks: 4 Weeks: $2,115.5M 12.0% +$226.3M 12.6% +$218.9M 21.1 $1,961.7M +2.0 +$0.02 $1.12 99.5 +0.1 Total VOSS Dollar Sales Base $ Sales Avg. Wkly Items Per Store Base Price Per Vol Avg Weekly ACV Wtd Distribution 52 Weeks: 12 Weeks: 4 Weeks: $50.9M 39.9% +$14.5M 38.6% +$13.1M 1.8 $46.9M +0.1 +$0.03 $1.77 46.3 +6.8 99.6 +0.1 48.1 +5.6 99.6 +0.1 47.6 +4.1 11 Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016

Premium Water v. Voss: Incremental Sales Diagnostics (L-52, MULO+C) Strictly Confidential Premium Water v. Voss: Incremental Sales Diagnostics (L-52, MULO+C) Total PREMIUM Dollar Sales Incr $ Sales Weeks of Support %Lift Chg YA Feat Only Disp Only Feat & Disp TPR Only $2,115.5M 12.0% +$226.3M 5.1% +$7.4M $153.8M 41 +0.9 40.3 (-5.0) $1.03 (-$0.01) 61.3 22.4 (-1.1) (-6.3) 72.8 (-20.4) 50.6 (-5.3) Promo Price Per Vol Lifts Total VOSS Dollar Sales Incr $ Sales Weeks of Support %Lift Chg YA Feat Only Disp Only Feat & Disp TPR Only $50.9M 39.9% +$14.5M 57.9% +$1.5M $4.0M 7 +3.4 63.4 (-13.0) $1.67 +$0.04 91.3 51.1 (-10.5) (-14.8) 68.8 (-43.7) 66.0 (-12.5) Promo Price Per Vol Lifts 12 Source: IRI Infoscan, Total US MULO+C , Data Ending Apr 17, 2016

Voss Dollar Sales per Point of Distribution (L-12, MULO+C) Strictly Confidential Voss Dollar Sales per Point of Distribution (L-12, MULO+C) Dollar Sales per Point of Distribution* = Plastic/PET SKU = Glass SKU $61,509 $18,295 * Dollar Sales of Total Voss Still (or Sparkling) SKUs/ ACV Weighted Distribution of Total Voss Still (or Sparkling) SKUs Dollar values in thousands Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016

Voss Average Price per Unit (MULO+C) Strictly Confidential Voss Average Price per Unit (MULO+C) = Plastic/PET SKU Still Water SKUs Sparkling Water SKUs = Glass SKU L-52 L-24 L-12 L-4 Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016

Voss Commands a Highly Attractive Ultra-Premium Retail Price Point Strictly Confidential Voss Commands a Highly Attractive Ultra-Premium Retail Price Point L-52 Total U.S. Water Average Price per Volume (500ml) (1) = Voss Premium Index 208 177 176 174 167 162 144 148 (1) One unit of volume represents 16.907 Oz. Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016

Premium Bottled Water Category Strictly Confidential Premium Water Volume¹ Price Landscape (L-52, MULO+C) CHG vs YA Premium Bottled Water Category Voss Evian Perrier Fiji San Pellegrino San Benedetto Glaceau Smart Water Resource Icelandic Glacial Avg. Price/Vol $0.02 -$0.04 $0.03 -$0.01 -$0.13 $0.01 -$0.05 Promo Price/Vol $0.04 -$0.06 -$0.16 -$0.02 (1) One unit of volume represents 16.907 Oz. Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016

Premium Bottled Water Category Strictly Confidential Premium Water Volume¹ Price Landscape (L-12, MULO+C) CHG vs YA Premium Bottled Water Category Voss Evian Perrier Fiji San Pellegrino San Benedetto Glaceau Smart Water Resource Icelandic Glacial Avg. Price/Vol $0.01 $0.00 -$0.03 $0.02 $0.04 -$0.01 -$0.10 -$0.08 Promo Price/Vol -$0.00 $0.05 -$0.06 $0.03 -$0.23 -$0.05 $0.07 (1) One unit of volume represents 16.907 Oz. 17 Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016

Volume by Price Threshold: Premium Brands (L-52, MULO+C) Strictly Confidential Volume by Price Threshold: Premium Brands (L-52, MULO+C) $1.17/500ml or $8.85/128oz* *Mean price point among all Premium Brands listed Values are in Millions, Volume Equivalency = 500ml 18 Source: IRI Infoscan, Total US MULO+C , Data Ending Apr 17, 2016

APPENDIX: DATA DETAIL

Voss Retail Dollar Sales by SKU (MULO+C) Strictly Confidential Voss Retail Dollar Sales by SKU (MULO+C) Dollar Sales of Voss by SKU (% Growth vs. YAG Period) DOLLAR Still - Plastic Size Count UPC Code L -52 L -24 L -12 L -4 VOSS STILL - Plastic 330ml 1 8243040009 $353,343 12.0% $132,387 7.1% $77,935 13.2% $31,180 -1.7% 500ml 8243040010 $22,029,502 27.5% $8,946,775 19.5% $5,099,302 17.7% $1,799,949 4.9% 850ml 8243040011 $14,366,156 74.4% $6,001,210 56.4% $3,270,137 35.3% $1,161,982 23.9% 12 8243020031 $8,583 -97.1% $1,055 -98.5% $218 -60.4% $68 -80.5% 24 8243020010 $6,362 167.9% $3,360 51.4% $1,796 -2.2% $370 -66.2% VOSS STILL – Plastic 6 8243020025 $2,174,370 99.7% $1,218,266 128.4% $673,853 126.4% $229,413 125.3% Still - Glass VOSS STILL - Glass 375ml 8243061173 $1,037,390 29.1% $396,118 9.5% $202,064 2.5% $65,747 -15.9% 4 8243020028 $469,567 6.1% $225,973 7.6% $125,317 $45,472 22.1% 8243018253 $549,883 936.9% $142,969 169.6% $35,991 -32.1% $7,951 -85.0% 800ml 8243061174 $6,142,177 35.4% $2,752,510 31.7% $1,475,115 22.9% $501,108 15.1% 2 8243050018 $42,804 -32.6% $10,346 -79.9% $3,410 -86.3% $802 -88.9% 8243061130 $122,637 -69.4% $60 -100.0% $51 $0 Voss Still Total   $47,302,772 41.1% $19,831,029 30.4% $10,965,188 23.5% $3,844,039 10.6% Sparkling VOSS SPARKLING - Glass 8243061175 $669,833 55.7% $327,323 67.4% $181,788 79.2% $73,630 75.9% 8243050005 $242,525 6.4% $118,604 $71,749 28.2% $24,988 43.4% 8243061176 $2,637,592 23.7% $1,138,850 10.5% $625,860 8.5% $217,708 7.8% 8243050019 $25,162 -50.6% $8,092 -80.4% $2,295 -86.8% $554 -87.5% Voss Sparkling Total $3,575,111 25.9% $1,592,869 15.9% $881,691 17.3% $316,881 19.3% Total Voss $50,877,884 39.9% $21,423,899 29.2% $11,846,880 23.1% $4,160,920 11.2% Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016

Voss Retail Volume Sales by SKU (MULO+C) Strictly Confidential Voss Retail Volume Sales by SKU (MULO+C) Volume Sales of Voss by SKU (% Growth vs. YAG Period) VOLUME Still - Plastic Size Count UPC Code L -52 L -24 L -12 L -4 VOSS STILL - Plastic 330ml 1 8243040009 162,631 16.5% 52,703 -6.9% 30,828 -5.4% 11,831 -26.3% 500ml 8243040010 12,975,073 26.0% 5,271,686 19.5% 3,037,905 18.3% 1,072,634 6.1% 850ml 8243040011 8,623,526 65.6% 3,608,774 50.5% 1,952,861 31.1% 688,683 21.8% 12 8243020031 5,708 -97.8% 576 -99.2% 92 -90.1% 48 -87.8% 24 8243020010 14,386 152.3% 5,505 56.5% 3,723 23.8% 253 -89.5% VOSS STILL – Plastic 6 8243020025 1,482,106 110.8% 840,471 145.2% 474,903 149.6% 165,034 157.1% Still - Glass VOSS STILL - Glass 375ml 8243061173 351,388 25.1% 132,444 5.8% 66,572 -3.1% 21,531 -19.4% 4 8243020028 216,106 4.0% 104,050 7.6% 58,925 8.3% 21,399 18.2% 8243018253 351,998 1004.2% 93,005 191.7% 27,865 -12.6% 5,373 -83.1% 800ml 8243061174 3,484,896 36.5% 1,593,053 32.4% 838,193 22.6% 282,380 12.3% 2 8243050018 29,383 -30.8% 6,322 -82.3% 1,915 456 -91.2% 8243061130 125,776 -59.3% 435 -99.9% 262 -99.8% -100.0% Voss Still Total   27,822,977 38.9% 11,709,023 29.0% 6,494,041 23.3% 2,269,621 10.7% Sparkling VOSS SPARKLING - Glass 8243061175 225,032 50.0% 110,532 62.6% 62,028 74.1% 24,710 73.5% 8243050005 118,486 2.9% 58,532 6.6% 34,622 24.1% 11,736 33.6% 8243061176 1,496,928 25.9% 662,366 14.1% 364,133 11.9% 121,609 7.3% 8243050019 14,908 -54.6% 4,868 -82.2% 1,283 -88.2% 301 Voss Sparkling Total 1,855,355 24.8% 836,299 14.5% 462,066 15.6% 158,357 14.0% Total Voss 29,678,331 37.9% 12,545,321 28.0% 6,956,107 22.7% 2,427,978 10.9% One unit of volume represents 16.907l. oz. Values are in Millions, Volume Equivalency = 500ml Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016

Voss Glass SKUs v. Competitor SKUs (L-12, MULO+C) Strictly Confidential Voss Glass SKUs v. Competitor SKUs (L-12, MULO+C) L-12 Competitor SKU Comparison Brand Still/Sparkling Size (ML) Count UPC Dollar Sales Volume Sales Unit* Sales Avg. Price per Volume Avg. Price per Unit ACV Weighted Distribution Dollar Sales per Pt. of Dist. Still - Glass Voss   330 ml 12 8243061130 $51 262 14 $0.20 $3.77 0.01 $20,302 375 ml 1 8243061173 $202,064 66,572 88,641 $3.04 $2.28 2.12 $38,858 4 8243020028 $125,317 58,925 19,610 $2.13 $6.39 1.96 $10,362 San Pellegrino 750 ml 0400356432 $155,750 225,256 12,544 $0.69 $12.42 0.06 $7,002 800 ml 2 8243050018 $3,410 1,915 599 $1.78 $5.69 0.13 $4,704 8243061174 $1,475,115 838,193 522,973 $1.76 $2.82 27.78 $37,584 Sparkling - Glass Perrier 200 ml 6 7478000001 $139,837 62,768 26,203 $2.23 $5.34 1.16 $24,340 *Can 250 ml 10 7478033356 $4,182,036 3,690,971 738,451 $1.13 $5.66 50.85 $18,080 7478037743 $3,926,984 3,390,985 678,433 $1.16 $5.79 37.53 $16,566 4150880007 $71,580 42,090 84,234 $1.70 $0.85 3.92 $22,475 4150880035 $2,704,654 1,694,559 565,078 $1.60 $4.79 40.01 $24,472 7478000020 $559,737 441,521 167,390 $1.27 $3.34 10.49 $9,489 7478000003 $728,981 354,666 537,845 $2.06 $1.36 5.69 $28,000 24 7478000410 $3,556,069 3,854,608 243,537 $0.92 $14.60 4.44 $2,955 7478000006 $1,536,226 1,177,701 446,492 $1.30 $3.44 20.89 $27,205 8243061175 $181,788 62,028 82,592 $2.93 $2.20 2.64 $13,011 8243050005 $71,749 34,622 11,522 $2.07 $6.23 1.56 $7,963 7478000007 $1,563,163 1,339,586 894,995 $1.17 $1.75 25.49 $34,415 7478000009 $2,255,114 1,985,119 1,326,284 $1.14 43.71 $45,101 7478000024 $617,022 472,059 178,968 $1.31 $3.45 12.12 $10,483 7478000005 $4,059,505 3,297,767 2,203,281 $1.23 $1.84 53.02 $68,884 4150880012 $6,117,288 5,406,816 3,612,364 $1.69 55.11 $53,144 4150881183 $1,518,067 1,868,528 104,054 $0.81 $14.59 5.92 $21,164 15 4150863446 $1,219,231 1,587,106 70,708 $0.77 $17.24 2.56 $40,708 8243050019 $2,295 1,283 402 $1.79 $5.72 0.12 $3,130 8243061176 $625,860 364,133 227,194 $1.72 $2.75 22.78 $36,262 1000 ml 4150880000 $218,830 184,612 92,331 $1.19 $2.37 2.59 $22,170 Volume Equivalency = 500ml Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016 *Units = Actual packages scanned

Voss Glass SKUs v. Competitor SKUs (L-52, MULO+C) Strictly Confidential Voss Glass SKUs v. Competitor SKUs (L-52, MULO+C) L-52 Competitor SKU Comparison Brand Still/Sparkling Size (ML) Count UPC Dollar Sales Volume Sales Unit* Sales Avg. Price per Volume Avg. Price per Unit ACV Weighted Distribution Dollar Sales per Pt. of Dist. Still - Glass Voss   330 ml 12 8243020025 $122,637 125,776 6,539 $0.98 $18.75 0.83 $20,305 375 ml 1 8243061130 $1,037,390 351,388 467,878 $2.95 $2.22 2.88 $117,686 4 8243061173 $469,567 216,106 71,919 $2.17 $6.53 2.57 $40,595 San Pellegrino 750 ml 8243020028 $1,421,153 2,060,594 114,750 $0.69 $12.38 0.22 $18,620 800 ml 2 0400356432 $42,804 29,383 9,199 $1.46 $4.65 0.58 $12,407 8243050018 $6,142,177 3,484,896 2,174,330 $1.76 $2.82 31.67 $99,201 Sparkling - Glass Perrier 200 ml 6 7478000001 $539,775 244,662 102,138 $2.21 $5.28 1.42 $81,277 *Can 250 ml 10 7478033356 $17,458,320 15,527,444 3,106,569 $1.12 $5.62 52.92 $73,197 7478037743 $15,808,464 13,748,051 2,750,567 $1.15 $5.75 39.02 $64,457 4150880007 $369,706 221,873 444,034 $1.67 $0.83 23.52 $59,183 4150880035 $11,250,199 6,971,616 2,324,798 $1.61 $4.84 42.17 $90,142 7478000020 $2,297,035 1,801,968 683,165 $1.27 $3.36 10.96 $36,194 7478000003 $3,960,438 1,916,375 2,906,155 $2.07 $1.36 7.96 $114,066 24 7478000410 $14,812,107 16,732,662 1,057,184 $0.89 $14.01 4.52 $13,321 7478000006 $7,030,897 5,404,570 2,048,989 $1.30 $3.43 24.92 $95,898 8243061175 $669,833 225,032 299,641 $2.98 $2.24 2.94 $46,803 8243050005 $242,525 118,486 39,432 $2.05 $6.15 1.90 $21,304 7478000007 $6,850,440 6,030,811 4,029,263 $1.14 $1.70 26.00 $126,134 7478000009 $9,714,777 8,675,003 5,795,882 $1.68 45.42 $204,080 7478000024 $2,561,305 1,962,264 743,936 $1.31 $3.44 12.40 $38,441 7478000005 $18,636,413 15,637,002 10,447,284 $1.19 $1.78 54.22 $300,429 4150880012 $27,841,807 24,784,987 16,559,171 56.40 $252,472 4150881183 $10,515,132 13,686,395 762,166 $0.77 $13.80 7.91 $82,513 15 4150863446 $1,991,527 2,569,218 114,462 $0.78 $17.40 3.49 $91,923 8243050019 $25,162 14,908 4,667 $1.69 $5.39 0.56 $7,102 8243061176 $2,637,592 1,496,928 933,978 25.93 $75,316 1000 ml 4150880000 $969,204 816,114 408,168 $2.37 3.18 $73,401 Volume Equivalency = 500ml Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016 *Units = Actual packages scanned

Voss Plastic SKUs v. Competitor SKUs (L-12, MULO+C) Strictly Confidential Voss Plastic SKUs v. Competitor SKUs (L-12, MULO+C) L-12 Competitor SKU Comparison Brand Still/Sparkling Size (ML) Count UPC Dollar Sales Volume Sales Unit* Sales Avg. Price per Volume Avg. Price per Unit ACV Weighted Distribution Dollar Sales per Pt. of Dist. Still - Plastic Evian 330 ml 6 7929800017 $966,337 719,204 180,946 $1.34 $5.34 8.15 $19,475 Fiji 1 3256500031 $184,579 106,016 160,587 $1.74 $1.15 3.12 $13,554 3256500062 $3,055,992 2,157,705 545,250 $1.42 $5.60 29.63 $24,197 Voss 8243040009 $77,935 30,828 46,750 $2.53 $1.67 0.62 $21,674 8243020025 $673,853 474,903 119,482 $5.64 7.97 $20,922   12 8243020031 $218 92 $2.38 $18.87 0.02 $552 500 ml 7929800008 $2,041,497 1,300,485 1,301,332 $1.57 21.19 $18,131 7929800019 $2,654,386 2,592,223 432,209 $1.02 $6.14 29.76 $17,392 24 3256500004 $24,125 30,214 1,259 $0.80 $19.16 0.31 $26,213 3256500001 $15,909,853 10,182,363 10,188,992 $1.56 52.61 $45,331 3256500011 $1,875,370 2,260,193 94,212 $0.83 $19.91 3.13 $52,833 3256500009 $10,292,736 9,801,539 1,634,241 $1.05 $6.30 60.42 $41,147 8243040010 $5,099,302 3,037,905 3,039,883 $1.68 25.86 $35,825 8243020010 $1,796 3,723 155 $0.48 $11.57 $12,555 750 ml 7929840011 $461,077 397,976 265,893 $1.16 $1.73 10.18 $12,880 850 ml 8243040011 $3,270,137 1,952,861 1,150,515 $2.84 22.54 $36,157 1000 ml 7929800007 $8,087,927 7,352,274 3,677,137 $1.10 $2.20 58.15 $45,550 7929860007 $6,350,569 7,810,420 651,128 $0.81 $9.75 47.30 $31,671 7929810000 $1,532,704 2,618,664 109,154 $0.59 $14.04 5.51 $11,577 7929820000 $219,204 183,481 15,296 $1.19 $14.33 0.92 $135,084 3256500002 $34,766,756 27,880,514 13,944,051 $1.25 $2.49 77.40 $89,541 3256500010 $4,489,743 4,713,548 392,952 $0.95 $11.43 32.38 $33,878 1500 ml 7929800005 $1,880,512 2,409,719 803,560 $0.78 $2.34 19.45 $36,030 3256500003 $9,117,557 10,600,298 3,534,840 $0.86 $2.58 55.67 $65,767 Sparkling - Plastic Perrier 7478000070 $7,561,367 4,901,762 4,904,953 $1.54 39.48 $31,574 7478091136 $4,469,737 5,108,502 851,756 $0.87 $5.25 48.84 $20,727 0420000614 $0 $0.00 0.00 7478044629 $1,294,005 798,180 798,700 $1.62 4.12 $17,664 7478000402 $1,316,304 1,802,303 75,126 $0.73 $17.52 3.54 $46,513 San Pellegrino 0071847455 $53,531 60,128 5,013 $0.89 $10.68 2.58 $42 4150880008 $1,625,413 1,011,241 1,011,899 $1.61 12.32 $23,389 4150873445 $4,575,213 4,958,929 413,409 $0.92 $11.07 28.43 $34,746 4150873466 $2,370,456 3,118,993 130,010 $0.76 $18.23 8.41 $59,351 7478063991 $2,049,568 2,379,119 1,189,883 $1.72 32.09 $15,672 0071064864 4150880218 $6,250,518 7,259,128 3,630,552 39.23 $71,950 *Units = Actual packages scanned Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016 Volume Equivalency = 500ml

Voss Plastic SKUs v. Competitor SKUs (L-52, MULO+C) Strictly Confidential Voss Plastic SKUs v. Competitor SKUs (L-52, MULO+C) L-52 Competitor SKU Comparison Brand Still/Sparkling Size (ML) Count UPC Dollar Sales Volume Sales Unit* Sales Avg. Price per Volume Avg. Price per Unit ACV Weighted Distribution Dollar Sales per Pt. of Dist. Still - Plastic Evian 330 ml 6 7929800017 $3,129,352 2,223,449 559,403 $1.41 $5.59 9.83 $52,117 Fiji 1 3256500031 $879,734 520,398 788,271 $1.69 $1.12 6.96 $38,859 3256500062 $12,930,976 9,262,941 2,340,739 $1.40 $5.52 36.35 $79,992 Voss 8243040009 $353,343 162,631 246,628 $2.17 $1.43 0.90 $77,033 8243020025 $2,174,370 1,482,106 372,886 $1.47 $5.83 8.69 $63,918   12 8243020031 $8,583 5,708 720 $1.50 $11.92 0.12 $11,139 500 ml 7929800008 $9,753,107 6,398,595 6,402,761 $1.52 25.70 $69,059 7929800019 $10,189,426 9,652,256 1,609,350 $1.06 $6.33 31.23 $63,364 24 3256500004 $628,098 759,043 31,639 $0.83 $19.85 1.36 $49,887 3256500001 $70,406,935 44,913,264 44,942,504 $1.57 65.39 $183,093 3256500011 $5,690,428 6,692,060 278,947 $0.85 $20.40 3.69 $207,772 3256500009 $39,396,018 37,358,641 6,228,921 $1.05 $6.32 62.65 $157,337 8243040010 $22,029,502 12,975,073 12,983,521 $1.70 27.68 $141,689 8243020010 $6,362 14,386 600 $0.44 $10.61 0.08 $21,177 750 ml 7929840011 $2,203,680 2,133,393 1,425,348 $1.03 $1.55 10.92 $51,695 850 ml 8243040011 $14,366,156 8,623,526 5,080,493 $1.67 $2.83 23.94 $146,556 1000 ml 7929800007 $38,210,280 34,183,184 17,096,244 $2.24 62.30 $198,074 7929860007 $25,737,426 32,510,361 2,710,276 $0.79 $9.50 50.57 $123,563 7929810000 $3,707,573 6,409,740 267,179 $0.58 $13.88 6.00 $16,632 7929820000 $503,683 445,142 37,110 $1.13 $13.57 1.76 $301,775 3256500002 $137,749,012 111,160,382 55,595,317 $1.24 $2.48 79.36 $353,971 3256500010 $17,197,225 18,121,395 1,510,718 $0.95 $11.38 38.45 $101,553 1500 ml 7929800005 $8,470,837 10,561,819 3,522,009 $0.80 $2.41 22.39 $130,940 3256500003 $34,792,477 39,867,692 13,294,525 $0.87 $2.62 57.78 $245,895 Sparkling - Plastic Perrier 7478000070 $35,510,152 23,157,107 23,172,183 $1.53 44.18 $140,785 7478091136 $17,774,670 21,084,185 3,515,431 $0.84 $5.06 49.76 $80,534 0420000614 $0 $0.00 0.00 7478044629 $5,765,990 3,589,501 3,591,837 $1.61 4.86 $63,740 7478000402 $6,957,601 9,565,108 398,705 $0.73 $17.45 4.23 $145,667 San Pellegrino 0071847455 $279,411 316,985 26,426 $0.88 $10.57 3.70 $157 4150880008 $7,045,720 4,417,793 4,420,669 $1.59 17.20 $88,824 4150873445 $19,790,759 21,191,505 1,766,662 $0.93 $11.20 31.24 $139,715 4150873466 $7,607,413 9,863,755 411,154 $0.77 $18.50 9.13 $137,600 7478063991 $8,609,131 9,817,433 4,910,052 $1.75 33.31 $59,983 0071064864 $51 68 34 $0.75 $72 4150880218 $27,932,914 32,249,481 16,129,129 $1.73 39.69 $278,710 *Units = Actual packages scanned Source: IRI Infoscan, Total US MULO+C Data Ending Apr 17, 2016 Volume Equivalency = 500ml

Voss Competitor Summary (L-52, MULO+C) Strictly Confidential Voss Competitor Summary (L-52, MULO+C) Dollar Sales of Voss Competitors (% Growth vs. Year Ago Period) L-52 L-24 L-12 L-4 Glaceau Smart Water $821,951,301 16.3% $337,785,005 $185,743,159 13.9% $66,706,323 9.6% Fiji $326,782,277 16.4% $147,999,775 20.7% $83,871,578 20.2% $30,761,440 17.2% Perrier $201,678,031 9.9% $88,950,012 11.8% $46,246,487 9.7% $16,181,405 8.7% San Pellegrino $117,564,213 7.7% $54,198,884 7.0% $27,002,334 7.9% $9,273,943 2.6% Evian $102,859,403 $44,940,618 8.3% $24,466,393 16.8% $8,329,199 20.0% Voss $50,882,933 39.9% $21,424,424 29.2% $11,847,238 23.1% $4,160,980 11.2% Essentia $20,749,903 132.8% $10,334,372 128.7% $5,872,063 130.6% $2,074,977 116.9% Aqua Hydrate $13,105,535 40.0% $5,496,687 39.8% $3,200,598 49.0% $1,124,129 44.0% Resource $12,746,374 (38.9%) $4,899,612 (45.9%) $2,286,916 (50.6%) $767,736 (36.7%) Eternal $11,091,753 43.6% $5,317,115 41.4% $2,855,053 34.9% $1,042,429 31.5% Acqua Panna $5,323,264 12.1% $2,546,366 $1,239,997 11.7% $412,501 3.0% Icelandic Glacial $5,139,522 8.9% $2,137,497 7.5% $1,168,977 6.4% $412,355 (0.9%) Gerolsteiner $4,181,804 $1,958,037 19.1% $995,340 19.8% $331,302 12.9% Volvic $2,470,250 (1.0%) $1,141,685 $623,448 13.0% $227,063 16.9% Metromint $2,174,724 (16.6%) $884,080 (4.9%) $479,641 (3.6%) $157,127 (6.5%) Penta $1,590,546 13.3% $733,025 15.2% $391,956 15.7% $134,518 12.7% Saratoga $1,234,940 1.2% $510,264 4.9% $261,011 $94,729 12.8% Mountain Valley Spring Water $1,216,965 27.5% $550,512 40.5% $292,038 37.0% $106,586 Jana $614,245 (20.2%) $243,438 (27.8%) $125,975 (28.1%) $43,094 (18.9%) Ferrarelle $141,435 51.3% $57,773 (0.6%) $26,908 (22.2%) $8,695 (30.5%) Kiwaii $114,470 (41.7%) $31,531 (43.3%) $7,070 (79.3%) $3,194 (77.6%) Appolinaris $49,454 (92.3%) $9,209 (92.5%) $3,144 (91.9%) $745 (94.8%) Source: IRI Infoscan, Total US MULO+C , Data Ending Apr 17, 2016

Voss Competitor Summary (L-52, MULO+C) Strictly Confidential Voss Competitor Summary (L-52, MULO+C) Volume Sales of Voss Competitors (% Growth vs. Year Ago Period) L-52 L-24 L-12 L-4 Glaceau Smart Water 849,561,346 14.6% 349,720,194 15.3% 192,702,638 13.5% 69,316,976 10.2% Fiji 274,076,134 14.0% 124,825,353 17.8% 70,674,415 16.4% 25,511,180 13.8% Perrier 173,882,188 8.0% 77,114,227 9.6% 39,669,190 7.7% 13,623,629 6.9% San Pellegrino 119,631,714 8.5% 56,034,788 8.3% 27,513,774 8.6% 9,554,984 0.7% Evian 105,302,901 13.0% 46,678,409 11.3% 25,617,443 20.1% 8,902,686 23.5% Voss 29,680,856 37.9% 12,545,624 28.0% 6,956,318 22.7% 2,428,017 10.9% Essentia 23,790,853 111.2% 11,761,343 111.0% 6,639,129 114.0% 2,302,800 97.1% Eternal 17,863,937 53.0% 8,663,234 51.6% 4,309,499 32.7% 1,609,742 30.1% Resource 15,463,310 (35.4%) 5,904,023 (41.2%) 2,818,641 (45.6%) 951,404 (34.5%) Aqua Hydrate 12,451,573 41.2% 5,236,501 41.0% 3,048,079 49.9% 1,066,858 42.1% Acqua Panna 5,176,465 13.7% 2,539,632 23.0% 1,224,095 15.0% 384,085 (4.1%) Icelandic Glacial 4,843,814 7.0% 1,993,146 4.7% 1,087,433 4.4% 380,927 Gerolsteiner 3,839,796 15.6% 1,776,747 14.1% 891,338 15.7% 292,153 5.3% Volvic 2,658,390 (0.8%) 1,226,823 6.2% 656,867 9.1% 229,763 Metromint 1,469,299 (19.8%) 556,782 (10.0%) 300,874 (8.7%) 95,902 (12.9%) Saratoga 1,349,399 (1.8%) 554,047 4.1% 290,532 107,235 15.9% Mountain Valley Spring Water 1,342,472 21.6% 581,815 26.7% 305,803 22.1% 113,152 20.7% Penta 1,281,098 14.2% 584,975 319,348 13.2% 113,305 Jana 896,256 (16.7%) 364,616 (26.1%) 190,091 (28.7%) 65,981 (18.5%) Ferrarelle 128,709 63.2% 53,116 7.1% 23,373 (19.9%) 7,430 (28.0%) Kiwaii 109,206 (44.5%) 28,434 (43.0%) 5,930 (80.5%) 2,899 (78.5%) Appolinaris 35,234 (93.2%) 6,453 (93.3%) 2,234 (92.4%) 494 (95.3%) Volume Equivalency = 500ml Source: IRI Infoscan, Total US MULO+C , Data Ending Apr 17, 2016