Acquisition | H&E EQUIPMENT SERVICES INC | 4th June 2025

Initially announced on February 19, 2025 HERC HOLDINGS INC made a cash and stock offer for H&E EQUIPMENT SERVICES INC of USD 78.75 and 0.1287 shares per H&E EQUIPMENT SERVICES INC share held. The tender offer to acquire all outstanding common stock of H&E EQUIPMENT SERVICES INC expired one minute after 11:59 p.m. ET, on May 29, 2025. The subsequent Acquisition is expected to be completed on June 2, 2025. Trading in shares of H&E EQUIPMENT SERVICES INC is expected to be halted effective June 2, 2025. In the absence of an active market, the last close price will reflect the Deal Terms of the transaction.

The treatment below will be applied to the following indices:

• H&E EQUIPMENT SERVICES INC will be removed from the Index.
• The weight of H&E EQUIPMENT SERVICES INC (HEES.OQ) based on its last close price will be distributed pro rata to remaining Index constituents.
• Effective Date (open): 04/06/2025

RAFI Fundamental Select US 1500 NTR Index
RAFI Fundamental Select US 1500 PR Index
RAFI Fundamental Select US 1500 TR Index
Solactive GFS United States 2000 Growth Style MV EUR Index NTR
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Solactive United States 2000 CAD Index NTR
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Solactive United States 2000 CHF Index NTR
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Solactive United States 2000 Index NTR
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• H&E EQUIPMENT SERVICES INC will be removed from the Index.
• The shares of HERC HOLDINGS INC (HRI.N) will be increased according to the stock terms of the transaction.
• The cash portion of the transaction will be distributed pro rata to remaining Index constituents.
• Effective Date (open): 04/06/2025

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