13D Filing: Ashe Capital to Seek Board Representation at Allison Transmission Holdings Inc (ALSN)’s 2016 Shareholder Meeting

(b) Ashe has sole voting and dispositive
power over 10,031,115 Shares, which power is exercised by the Principals. Mr. Crowley has sole voting and dispositive power over
the 4,020 Shares held in the Roth IRA.

(c) Information concerning transactions
in the Shares effected by the Reporting Persons during the past sixty days is set forth in Exhibit C hereto and is incorporated
herein by reference. All of the transactions in Shares listed hereto were effected in the open market through various brokerage
entities.

Item 7 of the Schedule 13D is hereby amended
and supplemented by the addition of the following: