13D Filing: Clinton Group and Glassbridge Enterprises Inc. (NYSE:GLA)

(a) – (b) While the Reporting Persons disclaim membership
in a “group,” within the meaning of Section 13(d) of the Exchange Act, the Clinton Reporting Persons may be deemed to
be members of a “group,” within the meaning of Section 13(d) of the Exchange Act, with Mr. De Perio. The aggregate number
and percentage of shares of Common Stock to which this Schedule 13D relates is 1,530,156 shares of Common Stock, constituting approximately
31.0% of the Issuer’s currently outstanding Common Stock. The aggregate number and percentage of shares of Common Stock reported
herein are based upon the 4,943,299 shares of Common Stock outstanding as of February 28, 2017, as reported in the Issuer’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2016, filed with the SEC on March 24, 2017.

The information required by Items 5(a) – (b) is set forth
in rows 7 – 13 of the cover page for each of the Reporting Persons and is incorporated herein by reference.